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 [...]
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, [...]
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 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 [...]
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 [...]
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. [...]
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 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 [...]
Accounting firm Ernst & Young is facing another suit in relation to the collapse of Lehman Brothers during the 2008 financial crisis, this time filed by New Jersey officials. On December 2010, New York State Attorney General Andrew Cuomo found negligence on the part of Ernst & Young on the alleged fraud committed by Lehman [...]
The Securities and Exchange Commission has asked a US judge to order Shanghai-based Deloitte Touche Tohmatsu CPA Ltd. to show up in a U.S. Court for shrugging its shoulder on a demand for documents related to the probe of Longtop Financial Technologies Ltd. According to SEC lawyer Mark Lanpher, Deloitte Shanghai has failed to respond [...]
KPMG, the global network of professional firms providing audit, tax and advisory services, has been ranked second for two years running on Universum’s 2011 index of “The World’s Most Attractive Employers”. The Universum rankings this year polled nearly 83,000 business students from the world’s top academic institutions in 12 leading economies, including Brazil, Canada, China, [...]
The Big Four accounting firms will undergo a massive shake-up as the European Union has proposed changing the business models of auditors to increase competition in the industry. The lack of competition in the audit industry has been partly blamed for the global financial meltdown four years ago, with Ernst & Young, Deloitte, PricewaterhouseCoopers and [...]
Accounting firm PricewaterhouseCoopers is facing a lawsuit filed by Chile’s banking regulator, Superintendencia de Bancos e Instituciones Financieras, or SBIF, for deficiencies in its auditing practices of non-banking credit card issuers in the country, Bloomberg reported citing the regulator’s statement posted on its website. PricewaterhouseCoopers has 10 working days to present its defense and after [...]
Ernst & Young LLP has been named among Consulting magazine’s “Best Firms to Work For” for 2011, ranking on the list for the first time ever. The accounting firm has the highest debut at 11th place among the list of consulting companies. The results are based on a survey of more than 13,000 respondents representing [...]
Accounting and business consulting firm Ernst & Young has released its statement last week disagreeing “fundamentally” with the opinions by Special Investigator John Purcell who said there is a prima facie case that Ernst & Young needs to answer on three points under inquiry. The accounting firm, whose executives arrived at the Emmys on September [...]
A federal judge has ruled to move a lawsuit against accounting firm PricewaterhouseCoopers (PwC) and SemGroup LP back to Tulsa County District Court in Oklahoma following the eight months of being subject to a federal jurisdiction. Privately held SemGroup was an oil, gas and asphalt storage and transport company that saw its revenues rising until [...]
Big Four accounting firm Ernst & Young will be finally facing a disciplinary action from an accounting regulator after months of temporary delay on the hearing of issues involving the audits of Anglo Irish Bank. According to the Chartered Accounts Regulatory Board (CARB)’s the special investigator John Purcell, Ernst & Young will have to answer [...]
More than 300 volunteers to be sent by business consulting and accounting firm KPMG will mark the firm’s 9/11 commemoration through volunteer works at Phoebe Hearst Elementary on September 9, while KPMG will send the school’s students on a field trip. The partners and employees of the Chicago office of KPMG LLP will enhance the [...]
Deloitte Touche Tohmatsu CPA Ltd. is facing a subpoena enforcement action filed by the Securities and Exchange Commission (SEC) for failing to produce documents linked to the SEC’s investigation into possible fraud by the Shanghai-based public accounting firm’s longtime client Longtop Financial Technologies Limited. A subpoena issued by the SEC on May 27, 2011 required [...]
Pearl River Resort has chosen its new independent auditor BDO after PricewaterhouseCoopers‘s stint as the company’s auditor ended. Pearl River said it would not make any changes to its top priorities, namely external review, oversight of business and financial activities. BDO will be providing outside review of the resort’s business and financial activities, Pearl River [...]
