External audit News

KPMG Named Best Islamic Finance Adviser by Euromoney

KPMG Named Best Islamic Finance Adviser by Euromoney

KPMG has been named ‘Best Islamic Assurance and Advisory Services Provider’ in the 2012 Euromoney Islamic finance awards. This marks the fifth consecutive year KPMG has taken the top prize, which is a record in the advisory category. Now in their tenth year, the awards are widely regarded as the benchmark awards for the global [...]

PwC’s Genesis Park Wins Top International Award

PwC’s Genesis Park Wins Top International Award

PwC has been given a top international award for its innovative global leadership development programme – Genesis Park. PwC was selected a 2012 Bersin & Associates Learning Leader. Genesis Park is aimed at turning today’s top performers into tomorrow’s global business leaders, by helping participants to develop the skills and strengths needed to meet the [...]

Ernst & Young Tops 2011 European M&a League Tables

Ernst & Young Tops 2011 European M&a League Tables

This week the 2011 mergermarket European M&A league tables confirmed Ernst & Young as the number one provider of accountancy advice on M&A transactions across Europe during 2011. In a year that saw M&A activity fluctuate significantly, Ernst & Young advised on 297 M&A transactions across Europe, with an aggregated value of almost $68billion; representing [...]

Deloitte Scores 100 Percent Rating on Human Rights Campaign’s Corporate Equality Index

Deloitte Scores 100 Percent Rating on Human Rights Campaign’s Corporate Equality Index

For the sixth consecutive year, Deloitte has been named one of Human Rights Campaign’s (HRC) “Best Places to Work,” earning a perfect 100 percent rating on HRC’s Corporate Equality Index (CEI). The CEI measures and analyzes inclusion initiatives, company benefits, and support made available for lesbian, gay, bisexual and transgender (LGBT) personnel and the wider [...]

PwC Named to FORTUNE’s ’100 Best Companies to Work for’

PwC Named to FORTUNE’s ’100 Best Companies to Work for’

For the eighth consecutive year, PwC US has been named one of FORTUNE’s “100 Best Companies to Work For”. PwC ranks number 48 overall and 11 among large companies on this year’s list, the 15th annual installment. This represents a significant jump from 73 overall last year. “We are truly proud and humbled not only [...]

Gartner Positions PwC in ‘Leaders Quadrant’

Gartner Positions PwC in ‘Leaders Quadrant’

PwcUS has been positioned by Gartner, Inc. in the Leaders quadrant of the 2011 “Magic Quadrant for Financial Management Consulting Services” report. Gartner’s Magic Quadrant report evaluates major players in the business and technology industries upon two criteria: completeness of vision and ability to execute. According to the report, those positioned in the Leaders quadrant [...]

KPMG Europe LLP Revenues Rise to €4,589m

KPMG Europe LLP Revenues Rise to €4,589m

KPMG Europe LLP (‘ELLP’), the professional services firm providing audit, tax and advisory services, reported that combined turnover grew by 13 percent to reach €4,589 million in the year to 30 September, 2011 (2010: €4,065 million). On a like-for-like, pro-forma basis and at constant exchange rates, revenues were up 5 percent to €4,718 million (2010: [...]

Panel Exonerates E&Y from Olympus Accounting Fraud

Panel Exonerates E&Y from Olympus Accounting Fraud

Olympus auditors Ernst & Young Japan has been cleared in the latest report of the panel investigating the accounting fraud at the Japanese camera-maker. Olympus recently admitted the $1.7 billion (£1bn) accounting scandal that built up from the alleged decades-long orchestration of some company executives. The accounting scandal invited criticisms against Ernst & Young ShinNihon, [...]

Deloitte’s Health and Human Services Technology Bags Award

Deloitte’s Health and Human Services Technology Bags Award

The advanced technology behind Michigan’s welfare delivery system, developed by Deloitte, has been recognized with a national award for outstanding achievement from the Center for Digital Government. The Digital Government Achievement Awards spotlight outstanding agency and department websites and applications. Michigan’s integrated eligibility and payment system, known as Bridges, was one of only seven federal [...]

Vault’s Tech Consulting Ranks Deloitte on Top

Vault’s Tech Consulting Ranks Deloitte on Top

Deloitte has been ranked No. 1 on The Vault Tech Consulting 25 Ranking of the best companies to work for in the rapidly growing industry, after previously ranking third on the same award-giving body. Now in its second year, The Vault Tech Consulting 25 polls more than 1,500 consultants of all levels to assess their [...]

E&Y to Probe Judgement, Accounting at Olympus

E&Y to Probe Judgement, Accounting at Olympus

Olympus auditors Ernst & Young will look into how it conducted the accounting and judgement on the &1.7 billion fraud at one of the world’s biggest camera makers. Ernst & Young ShinNihon LLC has formed a committee to determine whether there were errors when the Big Four accounting firm audited the finances of Olympus Corp. [...]

KPMG Bags ‘Global Firm of the Year’ Award

KPMG Bags ‘Global Firm of the Year’ Award

For the second year running, KPMG has been named ‘Global Firm of the Year’ at the British Accountancy Awards (formerly Accountancy Age Awards) and also picked up three other honours – ‘Audit Award of the Year’, ‘Community Award’ and ‘Training Manager of the Year’. In awarding the ‘Global Firm of the Year’ prize, the judges [...]

E&Y Audit, Advisory Income Up by 0.6pc

E&Y Audit, Advisory Income Up by 0.6pc

Ernst & Young Switzerland’s audit and advisory fees income have increased as of 30 June 2011 by 0.6 percent to CHF 510.3 million, putting the business consulting and accounting firm back on course for growth. To ensure that it remains on course for growth, Ernst & Young invests about 10 percent of its fee income [...]

Doubts Remain Over KPMG Renewable Energy Report

Doubts Remain Over KPMG Renewable Energy Report

A controversial report on the renewable energy industry allegedly leaked from KPMG has continued to spark hostility from renewable energy groups, which are now training their ire at news corporation BBC. The report allegedly urged the UK government to revamp its current renewable energy policy, according to a report ostensibly leaked to the BBC. Now, [...]

Ernst & Young Banned from Power Sector for Faulty Bids Evaluation

Ernst & Young Banned from Power Sector for Faulty Bids Evaluation

Global accounting and business consulting firm Ernst & Young has received the ire of India’s Power Ministry after the discovery of faulty evaluation of bids for the Sasan project. The Power Ministry banned Ernst & Young from engaging anymore with any projects in the power sector. The anomalies were revealed in the report prepared by [...]

Deloitte Among ’100 Best Companies for Working Mothers’

Deloitte Among ’100 Best Companies for Working Mothers’

Deloitte has garnered its third consecutive top 10 ranking on Working Mother magazine’s survey of “100 Best Companies for Working Mothers,” marking the 18th successive year Deloitte has been honored to be on the list. In addition to praising Deloitte’s investments in bold career-life initiatives such as Mass Career Customization and voluntary sabbatical programs, Working [...]

KPMG Is Most Committed to Carbon Reduction – Environment Agency

KPMG Is Most Committed to Carbon Reduction – Environment Agency

Accounting and business consulting firm KPMG in the UK was the highest ranked accountancy firm in the Environment Agency’s Carbon Reduction Commitment (CRC) league table published this week, ranking 99th out of some 2,100 organisations listed. The Performance League Table ranks organisations who have entries to the CRC based on how they manage their energy [...]

E&Y Shaping Future Business Leaders

E&Y Shaping Future Business Leaders

Ernst & Young has launched “EYAcademy”, a structured tactic to develop socially responsible future business leaders. The program is open for first year students in finance and business related disciplines in local universities who are passionate about learning and development, and are ambitious to become future leaders. Participants will join the program as EY Cadets. [...]

Ex-Deloitte Partner, Wife Settles SEC Charges

Ex-Deloitte Partner, Wife Settles SEC Charges

A former tax partner at Deloitte and his wife settled the charges filed by the US Securities and Exchange Commission on November 30 last year after they have allegedly tipped members of their family to non-public information about a merger. Arnold McClellan and wife Annabel, from San Francisco, allegedly let out the information about a [...]

KPMG Beyond Its Emission Reduction Target

KPMG Beyond Its Emission Reduction Target

KPMG International has achieved a 29 percent reduction in net emissions per full-time equivalent employee over the three-year period from its 2007 baseline of 25 percent. The initiative is part of KPMG’s plan to improve the environmental performance of its business. In addition, KPMG achieved a 7 percent reduction in absolute greenhouse gas emissions since [...]

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