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PwC
PwC to reverse controversial US tax split
...“Having the tax business connected to assurance and advisory is critical, but structurally I don’t need those businesses to be smashed together for that to happen.”...
April 18, 2024
PwC
PwC strips partners of leadership roles over election rule breaches
...Two allies — John Garvey, PwC’s global financial services leader, and Julien Courbe, global chief client officer — had their management roles taken away at the same time, according to internal communications...
March 5, 2024
FT Live
Diversity in Finance Awards 2024
Celebrating diversity, inclusion and equality in the financial services sector.
Thursday, 20 June44 Grosvenor Square, London W1K 2HP, UK
McKinsey
McKinsey website touted its advice to Chinese government ministries
...McKinsey said last week that “the Urban China Initiative is not McKinsey” and rejected “efforts to use a document McKinsey didn’t write and work we didn’t do to call into question our 75-year history of...
February 27, 2024
PwC
PwC drops some US diversity goals to meet changed legal landscape
...“Our commitment to cultivating an environment where all our professionals can thrive hasn’t changed. How we get there may face a few hurdles that it didn’t a year ago.”...
January 17, 2024
InterviewArtificial intelligence
Accenture chief says most companies not ready for AI rollout
...“The thing that is going to hold it back, though, is . . . most companies do not have mature data capabilities and if you can’t use your data, you can’t use AI....
December 19, 2023
Accountancy
EY’s Janet Truncale: Project Everest survivor with a mountain to climb
...“But it shouldn’t take too long.”...
November 17, 2023
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Transcript
Transcript: McKinsey’s China problem
...Marc Filippino This isn’t the first time McKinsey’s consulting projects have come under fire. Can you put this episode into context for me? Stephen Foley Yeah....
February 29, 2024
News in-depthProfessional services
Consulting firms step up efforts to push out their low performers
...Don’t we advise companies on this?”...
April 22, 2024
News updates from March 5: China targets 5% GDP growth in 2024, Gold and Bitcoin hit record highs
PwC strips partners of leadership roles over election rule breaches
...Two allies — John Garvey, PwC’s global financial services leader, and Julien Courbe, global chief client officer — had their management roles taken away at the same time, according to internal communications...
March 5, 2024
McKinsey
McKinsey in soul-searching mood after Bob Sternfels’ re-election
...“Daniel’s particular genius was getting people to think his ideas were their own,” said John Seaman, a business historian and consultant who has written about the firm....
February 5, 2024
PGA Tour Inc.
US senator vows to fight on against Saudi influence over golf
...We haven’t seen the end of this story yet.”...
February 12, 2024
News in-depthPrivate equity
Private equity groups step up pursuit of white-collar partnerships
...“Younger talent doesn’t want to take one job and work for 40 years and get a measly buyout when they’re done,” said Allan Koltin, M&A consultant to accounting firms....
March 18, 2024
Transcript
Transcript: The Big Four’s year of lay-offs
...Countries where schools didn’t close for quite so long tended to be more resilient to the impact of the pandemic. But that doesn’t explain everything....
December 11, 2023
InterviewAccountancy
RSM rules out radical changes to accounting partnership model
...“We don’t need capital and we don’t need a method to distribute income any differently.” Becker took the helm of RSM US in 2022 having previously run its consulting business....
January 3, 2024
McKinsey
US Republicans call for McKinsey to be banned from federal contracts
...Responding to the lawmakers’ comments, McKinsey said: “We reject efforts to use a document McKinsey didn’t write and work we didn’t do to call into question our 75-year history of supporting the US government...
February 24, 2024
FT Live
Evolving retirement strategies in an ever-changing world
What new regulatory developments mean for IFAs
Tuesday, 30 April1 Friday Street, London
Inside BusinessStephen Foley
Dire shortage of accountants prompts calls for shake-up
...stephen.foley@ft.com...
January 4, 2024
FT News Briefing podcast10 min listen
McKinsey’s China problem
...Plus, the FT’s Stephen Foley explains why McKinsey is drawing ire from US lawmakers....
February 29, 2024
Transcript
Transcript: EY’s new leader has her work cut out for her
...Sonja Hutson Stephen Foley is the FT’s US accounting editor. Thanks, Stephen. Stephen Foley No problem. Thanks very much....
November 17, 2023
News in-depthMcKinsey
McKinsey head Bob Sternfels faces opposition to re-election
...“Those aren’t things that you land . . . in the next six months,” he said....
January 21, 2024
FT WealthStephen Foley
Striking a balance between compassion and consumption
...Stephen Foley is the FT’s US accounting editor....
November 30, 2023
John Gapper
Diamonds won’t be forever unless miners make them sparkle
...De Beers did so with one campaign when it controlled most of the world’s output, but diamond ads aren’t forever. john.gapper@ft.com...
April 26, 2024
News in-depthAccounting & Consulting services
Big Four firms rethink governance after year of mis-steps and scandals
...“The firms haven’t yet come to terms with how much involvement the non-execs need to have in order to perform the role that the regulators are expecting of them,” she said....
January 2, 2024
EY
EY aims to shake up US audit business after ‘unacceptable’ number of flaws
...D’Egidio was appointed to run the audit business earlier this year, replacing John King, who ran it for the previous four years and is now an adviser to Boland....
November 10, 2023
The best books of the week
Choice by Neel Mukherjee — worlds within worlds
...When he says, “I feel we’ve taken a wrong turn at some point and it’s too late now and we can’t get back to the right path,” he doesn’t mean just his family, but “the whole world [ . . . ] Everything....
April 25, 2024
Supreme Court US
How the US Supreme Court could thwart a prospective wealth tax
...September, Ryan called Moore v US a “misguided challenge” adding: “I’m not for a wealth tax, but I think if you use this as the argument to spike a wealth tax, you’re going to basically get rid of, I don’t...
December 3, 2023

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