News coverage for Deloitte

Deloitte Expands Cloud Computing Services with CloudPrint

Deloitte Expands Cloud Computing Services with CloudPrint

Deloitte has expanded its cloud computing consulting services with the addition of Deloitte CloudPrint (CloudPrint), a proprietary delivery framework specifically designed to help guide clients through the process of becoming a cloud service provider or subscriber. Based on Deloitte’s experience in executing Cloud strategy and implementation efforts, CloudPrint is built around three distinct offerings. CloudPrint [...]

Despite High Growth Expectations in Emerging Markets, Issues Remain

Despite High Growth Expectations in Emerging Markets, Issues Remain

While many companies generated revenues from emerging markets in the past year, 31 percent report that revenues from them fell short of goals during the same period, a new Deloitte survey showed. The focus on emerging markets to fuel growth continues to intensify but success has been mixed, Deloitte noted. “There is no ‘one-size-fits-all’ solution [...]

‘Tis Not a Happy Halloween for Economy

‘Tis Not a Happy Halloween for Economy

The slow economic recovery and soaring household costs are “casting a chill” over consumer confidence, but ran short of bringing back the ghost of recessions past. Deloitte’s 26th annual survey of holiday spending intentions and trends showed that while two-thirds (67 percent) of consumers expect the economy to stay the same or weaken next year, [...]

Inadequate Mobile Security Awareness Rampant Among Firms

Inadequate Mobile Security Awareness Rampant Among Firms

Mobile security of companies remains prone to internal risks coming from their employees despite efforts exerted by organizations to keep their computer networks protected from external security threats, according to a recent Deloitte poll which surveyed nearly 1,200 information technology and business executives across the United States. According to the survey, 40 percent of respondents [...]

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 [...]

Economic Crisis Sends CFO Optimism Falling

Economic Crisis Sends CFO Optimism Falling

The persistent drumbeat of negative economic news is taking a toll on CFO optimism as finance chiefs who are more pessimistic about their own company’s prospects outnumber optimists in the third quarter of 2011 for the first time in the history of the Deloitte CFO Signals survey. According to the survey, CFOs are substantially cutting [...]

Despite Economy’s 1pc Growth, Mid-market Firms Boosting Long-term Investments

Despite Economy’s 1pc Growth, Mid-market Firms Boosting Long-term Investments

Executives at three out of four mid-market companies are maintaining or increasing their long-term investments despite the U.S. economy’s less than 1 percent growth rate during the first half of 2011, according to a new Deloitte survey. The Deloitte report, Mid-Market Perspectives: America‘s Economic Engine – Competing in Uncertain Times, also indicates that 61.2 percent [...]

Deloitte Offers Pro Bono Services

Deloitte Offers Pro Bono Services

Deloitte will be providing pro bono services to develop a public online tool that would allow companies to more easily identify and collaborate with businesses, relevant governments, Non-Governmental Organizations (NGOs) and communities to advance sustainable water management on a location-specific basis. Deloitte is collaborating with the International Business Leaders Forum (IBLF), the Pacific Institute and [...]

‘Small Gains’ Expected for Holiday Sales

‘Small Gains’ Expected for Holiday Sales

Although the slow U.S. economic recovery and uncertainty overseas are tremendously shaking consumers this fall, retailers should expect small gains in 2011 holiday sales according to Deloitte forecast. “Consumer spending was on the rise for several months despite dampened confidence in the economy among U.S. households,” said Carl Steidtmann, Deloitte’s chief economist. “Those earlier gains [...]

Harper Government Defends $90,000/day Contract with Deloitte

Harper Government Defends $90,000/day Contract with Deloitte

Admitting its incapability to downsize the federal deficit by 2014, the Harper government has defended the $19.8-million contract, equivalent to $90,000 a day, with consulting firm Deloitte to advise on cost-cutting measures. “It isn’t good, quite frankly, for a government to just look at itself. There’s a lot of expertise in Canada on the subject [...]

‘Americans Hungry for a Strong Manufacturing Industry’

‘Americans Hungry for a Strong Manufacturing Industry’

The economic turbulence occurring year after year has not dampened the consistency of Americans’ views on the importance of manufacturing industry, with majority of respondents rating America’s manufacturing base as “important” or “very important” to their standard of living, according to a new survey from Deloitte and The Manufacturing Institute. The “Public Viewpoint on Manufacturing” [...]

Subpoena Enforcement Action in the Face of Deloitte & Touche in Shanghai

Subpoena Enforcement Action in the Face of Deloitte & Touche in Shanghai

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 [...]

$160m Suit Filed Against Investment Group, Ernst & Young

$160m Suit Filed Against Investment Group, Ernst & Young

The liquidator to the failed investment group Babcock & Brown has filed a $160 million suit in damages against the company over allegations that it allowed a breach of capital reduction contravention provisions of the Corporations Act. The said breach allegedly started in 2005 until 2008, committed by the directors of Babcock & Brown Ltd, according to an application [...]

Telecom Companies Could Invest Up to $53m in 4G Technology – Deloitte

Telecom Companies Could Invest Up to $53m in 4G Technology – Deloitte

Wireless telecom companies in the United States could invest $25 to $53 billion in fourth generation cellular wireless networks (4G) between 2012 and 2016, pushing the gross domestic product growth to $73 to $151 billion and the jobs to 371,000 to 771,000, according to a Deloitte study. The Deloitte report, “The Impact of 4G Technology [...]

Deloitte Cuts Partner Pay As Revenues Rise

Deloitte Cuts Partner Pay As Revenues Rise

Global accounting and consultancy firm Deloitte has scaled back its partner pay by 13 percent despite a 7 percent rise in its revenues to £2.1 billion in the year to May. Profits to be distributed to partners plummeted to £758,000 on an average compared to £873,000 last year, despite a “successful” 12-month period of trading [...]

Business Risk, Opportunities Around Water New Target of Deloitte

Business Risk, Opportunities Around Water New Target of Deloitte

Deloitte Touche Tohmatsu Limited (DTTL) and Deloitte Consulting LLP in the United States, with collaborations from non-profit organization Carbon Disclosure Project (CDP), have inked an agreement to drive CDP Water Disclosure. CDP Water Disclosure, launched in November 2009, aims to help investors, companies, governments, and other stakeholders in their decision making by making meaningful, systematic, [...]

Sluggish Labor Market, Inflation Haul Deloitte Consumer Spending Index

Sluggish Labor Market, Inflation Haul Deloitte Consumer Spending Index

The Deloitte Consumer Spending Index (the Index) has fallen again in June due to slow improvement in the labor market and inflation. Deloitte Consumer Spending Index monitors the cash flow of consumers, indicating the future of their spending activities. In June this year, a sharp rise in unemployment dragged down the consumer spending index. Carl [...]

War Comes Between Back-to-school Consumer Spending and Inflation – Deloitte Finds

War Comes Between Back-to-school Consumer Spending and Inflation – Deloitte Finds

Consumers are turning to savvy shopping tactics, smartphones and social networks to keep their back-to-school spending intact in spite of a volatile economy and rising necessity costs, according to a new Deloitte survey. The survey showed that 86 percent of households indicated they will spend more or the same as last year, while consumer spending [...]

Gloomy Expectations from CFOs Amid Economic Concerns, Internal Challenges

Gloomy Expectations from CFOs Amid Economic Concerns, Internal Challenges

External and internal factors threatening their progress have become the major concerns of chief financial officers (CFOs) as they look to move from recovery to growth, Deloitte survey showed. According to the results of the Deloitte CFO Signals survey for the second quarter of 2011, “CFOs are more apprehensive about the soundness of capital investments [...]

Mysterious Pricing and Profitability Management Find Answers in Deloitte’s Book

Mysterious Pricing and Profitability Management Find Answers in Deloitte’s Book

Global consulting and accounting firm Deloitte has released a new book that will help organizations to better understand and implement effective pricing management as only few of them know how to do pricing well. Pricing and Profitability Management: A Practical Guide for Business Leaders is written by Deloitte practitioners and authors Julie Meehan, Mike Simonetto, [...]

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