Hints and tips:
Related Special Reports
...The UK consulting market will fail to grow this year for the first time since 2020, according to a new report, which includes input from the Big Four....
...Grant Thornton’s retired US partners are demanding a greater share of the spoils from its sale of a majority stake to private equity, after accusing the accounting firm’s management of short-changing them...
...The Big Four accounting and consulting firm took on about 70,000 sq ft of space near its New Street Square headquarters in February, people familiar with the details told the Financial Times, increasing...
...Grant Thornton is the seventh-largest US accounting firm by revenue and the deal with New Mountain represents the largest private equity investment in the accounting profession, coming hot on the heels of...
...into consulting services....
...Deloitte UK plans to axe about 150 junior consulting jobs in two of its consulting teams, even as partners at the firm earned an annual average of more than £1mn last year....
...Deloitte’s employees took home a bigger share of the accounting and consulting firm’s revenues in the US in the past year, reflecting pay increases meant to retain staff that squeezed profit margins, new...
...The asset management firm restructured in 2022, with London-based H2O AM LLP — which is regulated by the Financial Conduct Authority — selling its key subsidiaries to its Luxembourg parent company....
Board members complained about law firm’s high fees and being kept in the dark
...Senior partners at the accounting firm BDO USA are in line for a big windfall after the arrangement of a $1.3bn debt deal with Apollo Global Management, according to people familiar with the situation....
...Deloitte has told staff it will cut around 1,200 jobs in the US, becoming the latest of the Big Four accounting firms to react to a slowdown on the consulting side of its business....
...and sustainability consulting while maintaining record profits for partners....
...Big Four consulting firm Deloitte is scaling back its UK deals business to focus on higher value transactions after a review of its profitability, in a strategic shift away from work it has done for decades...
...Private equity has been attracted to accounting firms by the combination of steady income from tax and audit work and the opportunity to expand into new services such as consulting....
...A series of scandals and strategic mis-steps exposed shortcomings in the governance of Big Four accounting and consulting firms in 2023, prompting a rethink about how best to hold management to account....
Chief operating officer Malcolm Gomersall takes over day-to-day running of firm until successor is found
...In October, the Financial Times reported that Deloitte was planning to axe about 150 junior consulting roles as part of its initial redundancy round....
...The UK’s fifth-largest accounting firm by revenue handed partners an average of £609,000 before tax for the 12 months to June, a drop of 6 per cent compared with the previous year....
...It is a rite of passage for those new to public accounting, as well as the reason many decide the career is not for them....
...The Financial Reporting Council industry watchdog moved the UK’s sixth-largest accounting firm from “tier one” to “tier two” supervision status last year, according to regulatory filings....
...KPMG’s US partners have been told that they will be put on 50 per cent pay during six months of gardening leave if they quit to join a rival, marking an escalation in efforts by the Big Four accounting firms...
...Demand in energy consulting — boosted by the transition to low-carbon technologies — is growing at 35 per cent, while growth in digital consulting is running at 31 per cent....
...of procedures to confirm the completeness of amounts owing to HFL from HCP and the adequacy of accounting records....
...Revenue in consulting grew 16 per cent, to £1.6bn. Houston said the firm’s financial services, energy and resources, and public sector teams had all experienced “significant demand”....
...While the accounting business would have retained its partnership structure, consulting would have become a publicly listed company, raising money from outside shareholders....
International Edition