عرض العناصر حسب علامة : أخبار مكاتب المحاسبة الرائدة
الثلاثاء, 05 أكتوبر 2021 21:21
ارتفاع الإيرادات جرانت ثورنتون إلى 1.97 مليار دولار
أفادت شركة جرانت ثورنتون يوم الخميس الماضي أن شركتها الأمريكية العضوة حققت إيرادات قياسية قدرها 1.97 مليار دولار للسنة المالية المنتهية في 31 يوليو 2021.
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Grant Thornton reported Thursday that its U.S. member firm reached record revenues of $1.97 billion for the fiscal year ended July 31, 2021.
Revenue from advisory services made up 39% of fees, accounting and auditing fees comprised 35%, and tax services accounted for 26% of revenue.
The firm saw its revenue increase despite the COVID-19 pandemic, which caused GT to make rapid adjustments to help its workforce. The firm offered employee benefits such as psychological wellness, childcare, home meal preparation and tutoring, while introducing a “return-to-work” hybrid workplace model that gives the firm’s professionals more autonomy and flexibility during the pandemic.
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“We have learned that with the right support, our people can serve our clients with excellence from anywhere,” said Grant Thornton CEO Brad Preber in a statement. “Our teammates have different comfort levels with returning to face-to-face interactions, different needs for in-person contact and different family responsibilities. This is why we created a policy that delivers exceptional results for clients without requiring attendance in our offices or at client sites for many business situations.”
Preber is set to retire next summer, and last month the firm’s partnership board named Seth Siegel to succeed him on Aug. 1, 2022 (see story). GT also named several other new leaders in the past fiscal year, including Janet Malzone as the firm’s national managing partner of audit services and Jeff Hughes as the national managing partner for audit quality and Risk. GT also named Beatrix Bernauer as chief risk and compliance officer, and Partho Ghatak as its chief information security officer. In addition, GT named Rashada Whitehead as its national managing director of culture, immersion and inclusion.
Grant Thornton also established a Center of Excellence in Orlando, Florida, this past year to develop more services to help tax clients turn data into insights.
Just after FY 2021 wrapped, Grant Thornton’s Partnership Board also named Seth Siegel as the firm’s CEO-elect. His term as CEO will begin on August 1, 2022, immediately following current CEO Brad Preber’s mandatory retirement after almost two decades in leadership roles at the firm.
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الإثنين, 27 سبتمبر 2021 10:34
برايس ووترهاوس كوبرز تضيف 100 ألف وظيفة!
تستثمر شركة برايس ووترهاوس كوبرز 12 مليار دولار عبر أعمالها العالمية في إصلاح شامل يستهدف عمليات تدقيق أفضل
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PwC to add 100K jobs in $12B strategic revamp
PricewaterhouseCoopers LLP is investing $12 billion across its global business in an overhaul targeting better audits, digitization of services and greener operations.
The professional-services provider will hire 100,000 employees and develop the skills of existing staff over the next five years as it seeks to respond to the post-pandemic operating environment, it said in an emailed statement on Tuesday.
“We will continue to evolve our ways of working, and expand our capabilities in the areas that matter most for the future, while remaining steadfast in our commitment to quality,” PwC Chairman Bob Moritz said. “We want our people to be the most sought after in the market.”
Auditors are grappling with managing quality amid a shift in ways of working introduced by the COVID-19 pandemic. The International Auditing and Assurance Standards Board has revised standards for auditors, coming into effect in 2022, to boost technology use, help manage new risks, and improve quality management.
PwC is also seeking ways to address growing calls for transparency in the profession from stakeholders after several accounting scandals among the Big Four auditing firms knocked public trust. In South Africa, for example, KPMG has put in place a variety of reforms after it came under fire in 2017 for work done for a politically connected family accused of plundering the government’s coffers.
The South African unit of PwC will add at least 2,500 new employees over the next five years, Chief Executive Officer in the region Dion Shango told reporters in a conference call. Across Africa, where it has a presence in 34 countries, the firm plans to bulk up its operations with a $400 million investment. The company is also interviewing for non-executive directors to strengthen audit oversight.
PwC has also set aside $3 billion of its total global investment to help double the scale of its Asia-Pacific operations, it said. The firm’s spending will also focus on responding to environmental, social and governance trends across its operations.
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الأحد, 12 سبتمبر 2021 21:34
زيادة إيرادات Deloitte العالمية إلى 50.2 مليار دولار
ذكرت شركة Deloitte أن إيراداتها العالمية نمت بنسبة 5.5٪ في السنة المالية المنتهية في 31 مايو 2021 لتصل إلى 50.2 مليار دولار حيث زادت الشركة قوتها العاملة بنسبة 3.2٪ إلى 345000.
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Deloitte global revenue increases to $50.2B
By Michael Cohn
September 09, 2021, 11:54 a.m. EDT
4 Min Read
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Deloitte reported its global revenue grew 5.5% in the fiscal year ending May 31, 2021 to $50.2 billion as the firm increased its workforce 3.2% to 345,000.
Despite the challenges of the global pandemic, the firm grew its business, with financial advisory services growing at the fastest pace at 12.9%, followed by audit and assurance, which grew 6.1%. Risk advisory services revenue grew 5.6%. Consulting services grew 5%. Tax and legal revenue grew 2.3%.
Government and public services was the fastest-growing industry, followed by technology, media and telecommunications. Financial services clients contributed 27% of Deloitte's total revenue.
Deloitte Canadian office in OttawaBrent Lewin/Bloomberg
Among the different regions, the Asia Pacific region grew at the fastest rate at 14%, followed by the Europe, Middle East and Africa (EMEA) region, which grew 11.3%. Deloitte also expanded its global alliance and ecosystem business by 24%. The firm managed to adapt during the COVID-19 pandemic.
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"Events of this past year have had an unprecedented impact on the world and our organization,” said Deloitte Global CEO Punit Renjen in a statement Wednesday. “From the COVID-19 pandemic to more frequent, extreme climate events, and social upheavals, we are grateful that we've been able to continue to help clients and support our people as we all navigate through this challenging environment. While the past year was difficult and defined by uncertainty, it has shown what can be achieved at speed and scale when businesses, governments and society work together to tackle tough global challenges. This cooperative approach is a model that we must continue to build on."
On the audit and assurance side, Deloitte deployed its global audit platforms, Deloitte Omnia and Deloitte Levvia, to deliver audit services worldwide. The firm’s audit and assurance professionals have also been helping clients and stakeholders address environmental, social and governance reporting needs. The Deloitte Center for ESG Solutions supplied decarbonization, hydrogen, electricity, and other quantitative energy models to support major sustainable energy transformation projects.
Deloitte also released its first ESG report as a firm. Deloitte's FY2021 societal impact investment was $223 million, bringing its five-year investment total to $1.15 billion.
The Deloitte Global Impact Report includes in-depth reporting of the firm’s impact on the environment and on society, as well as a more detailed look at the structures and processes of the organization. In FY2021, Deloitte began reporting against the World Economic Forum's Stakeholder Capitalism Metrics.
Deloitte also issued its first report following the recommendations of the Task Force on Climate Related Financial Disclosures detailing its processes for addressing climate change risks and opportunities in the areas of governance, strategy, risk management, and metrics and targets. The report quantifies climate change impacts in financial terms and also examines risks and opportunities under two different climate scenarios.
Through Deloitte's WorldClimate strategy, it is driving responsible climate choices within the organization and beyond. It is asking its more than 345,000 professionals to take individual and collective climate action alongside clients and communities. In collaboration with the World Wildlife Fund, Deloitte developed a climate learning program for all Deloitte professionals.
As part of the World Economic Forum's Alliance of CEO Climate Leaders, Renjen joined over 70 CEOs in an open letter urging world leaders to support "bold and courageous commitments, policies and actions." Deloitte's greenhouse gas reduction goals were validated by the Science Based Targets initiative. Deloitte also committed to all three Climate Group initiatives supporting 100% renewable electricity, 100% electric vehicles adoption, and energy efficiency and productivity within the organization. During FY2021, Deloitte said it reduced absolute carbon emissions by 41% and carbon emissions per full-time employee by 44% from its base year of FY2019.
The firm also created a Deloitte Center for AI Computing to help with technology consulting.
Deloitte began an initiative with the government of Haryana state in India to help public health infrastructure. The program is being expanded to Africa, Brazil and Southeast Asia.
In the area of diversity, equity and inclusion, Deloitte is pursuing a strategy it calls “ALLIN,” with an emphasis on respect and inclusion. Built upon this foundation are three pillars: working toward gender balance, fostering LGBT+ inclusion, and supporting mental health.
To meet the needs of the firm’s people during the challenges of the pandemic, Deloitte set up a mental health baseline for measuring well-being factors, made a global commitment to mental health within the organization and in society at large, and became a Founding Partner of the Global Business Collaboration for Better Workplace Mental Health, which aims to raise awareness of the importance of mental health in the workplace and facilitate the adoption of best practices that enable employees to thrive in the workplace.
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الأحد, 05 سبتمبر 2021 11:23
جرانت ثورنتون أصدرت تطبيق اختبار الضوابط الرقابية
أصدرت جرانت ثورنتون تطبيقًا خاصًا لاختبار الرقابة الآلية، يستهدف المراجعين
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المحتوى بالإنجليزية
Grant Thornton releases controls testing app
By Ranica Arrowsmith
April 14, 2021, 3:37 p.m. EDT
2 Min Read
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Grant Thornton has released a proprietary app for automated controls testing, targeted at auditors.
Cta.x is designed to help audit firms develop and deploy automated internal controls tests to comply with regulations, including from the Sarbanes-Oxley Act. The app from the Top 100 Firm is built to help companies glean insights from their internal compliance efforts and get better return on investment from their controls testing.
Grant Thornton will also be using the app internally. The firm’s risk advisory practice will administer and use the cta.x app as part of its client-service delivery, while the firm’s clients will also be able to directly access and use cta.x.
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Cta.x was built using proprietary cloud-based software, which an auditing firm or internal auditors at their clients can configure to perform test procedures on controls data. The app is also designed to identify discrepancies before they threaten data quality or business reputation. It accepts controls data that Grant Thornton has mapped to a standard model and allows users to tailor and test procedures for specific control attributes.
“Controls testing is traditionally conducted by a human being assessing evidence and manually analyzing data in a spreadsheet or system for governance, risk and compliance,” said Ethan Rojhani, a partner in the risk advisory practice at Grant Thornton, in a statement. “The cta.x app automates and integrates controls testing by taking existing assurance processes and applying them to the full population of procedures and policies governing controls. It then pipes the data through Grant Thornton’s proprietary logic engine and produces testing results in sophisticated, customizable dashboards.”
“Our app adds intelligent automation at the front end of the controls-testing process," explained Greg Haberer, a senior manager in the Risk Advisory practice at Grant Thornton, also in a statement. "This increases efficiency and shifts the compliance focus from manual tasks, such as data gathering and manipulation, to higher-value activities like anomaly detection and root-cause analysis.”
Firms can deploy cta.x in a client-specific environment within Grant Thornton’s software-as-a-service model, or in the client’s own environment.
The role of alyx
Grant Thornton developed cta.x with the help of alyx, a digital platform recently launched by the firm that uses a “concierge-enabled” system that shares business problems with teams of subject-matter specialists and technologists. It’s through this platform that the firm was able to identify specific pain points in controls testing and develop the idea for cta.x.
Other solutions Gran Thornton has created with the help of alyx include:
te.x — An implementation platform for sophisticated tax engines;
ptvault.x — A platform that helps companies manage personal-property taxes;
SOC.x — A platform to more efficiently produce reports covering System and Organization Controls (SOC reports).
Grant Thornton expects to launch several commercial offerings in the coming months through its alyx platform.
“Our alyx platform is integral to Grant Thornton’s efforts to digitize our clients’ business-critical functions, from risk management to operational efficiency,” said Joseph Brown, Grant Thornton’s national managing partner of market innovation and release management, in a statement. “This is all about identifying the real-world challenges our clients face, and then solving them with cutting-edge solutions that we can scale across disciplines and industries.”
For more information about cta.x, visit www.grantthornton.com/ctax.
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الثلاثاء, 24 أغسطس 2021 14:40
تقارير برايس ووترهاوس كوبرز حول أحدث جهود جودة التدقيق
أصدرت شركة برايس ووترهاوس كوبرز تقرير جودة التدقيق لعام 2021 يوم أمس الإثنين، مشيرة إلى التقدم الذي حققته الشركة فيما يتعلق باستقلالية المدقق، إلى جانب قضايا مثل التنوع والشمول.
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PwC reports on its latest audit quality efforts
By Michael Cohn
August 23, 2021, 3:55 p.m. EDT
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PricewaterhouseCoopers issued its 2021 audit quality report Monday, pointing to progress that the Big Four firm has been making on auditor independence, along with issues such as diversity and inclusion.
PwC reported that 98% of its assurance professionals received consistent messaging on the importance of audit quality, and 97% understand the firm’s audit quality objectives. The Public Company Accounting Oversight Board inspected 58 of PwC’s audits in the most recent inspection cycle, and the firm anticipates that only one of the audits will be singled out in Part 1.A of the report, which spotlights significant deficiencies. In the most recent PCAOB report for 2019 inspections, 18 audits out of 60 inspected were included in Part 1.A (see story).
PwC also pointed to a 96% compliance rate of issuer audit engagements selected for internal inspection by the firm. The number of issuer audit engagements selected for internal inspection was also 96. Audit partners’ average years of experience at PwC is 23 years.
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The report comes at a time when large audit firms have come under fire for lapses in quality. In response, PwC has begun offering regular reports on its progress on audit quality, issuing an updated report earlier this year in January (see story).
PwC has also been contending with the other challenges brought by the pandemic over the past year and a half, which has forced many auditing firms to operate remotely.
“It’s been well over a year since the onset of the COVID-19 pandemic,” said PwC U.S. trust solutions co-leader Wes Bricker in a video accompanying the report. “We’re pleased with how, in an unprecedented circumstance, our audit teams have continued to deliver and to meet the needs of our clients and of our stakeholders. The pandemic highlighted for us just how vital the forward-thinking aspects of our strategy are to the continued success of our people and of our firm.”
PwC building on Park Avenue in New York.
The firm has also been making efforts to increase diversity, equity and inclusion under U.S. chairman and senior partner Tim Ryan. The percentage of women partners is 24% while the percentage of racially and ethnically diverse partners is 17%. In terms of employees, 49% are women and 36% are racially and ethnically diverse. The report also noted that PwC has become increasingly focused on environmental, social and governance reporting, working with other organizations and regulators to develop or improve ESG-related metrics and disclosures.
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الإثنين, 23 أغسطس 2021 14:31
برايس ووتر هاوس تؤخر العودة إلى المكاتب وسط انتشار دلتا
قررت شركة PricewaterhouseCoopers تأجيل عودة موظفيها إلى مكاتبها حتى نوفمبر حيث يستمر انتشار نوع دلتا شديد العدوى من COVID-19.
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PwC delays return to offices amid Delta spread
By Michael Cohn
August 19, 2021, 2:44 p.m. EDT
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PricewaterhouseCoopers has decided to postpone the return of its U.S. employees to its offices until November as the highly transmissible Delta variant of COVID-19 continues to proliferate.
The Big Four firm is finding that many of its clients are also delaying their return-to-work plans well past Labor Day, while encouraging more employees to vaccinate. The firm’s Next in Work Pulse Survey found that both two-thirds of the 752 U.S. executives and two-thirds of the 1,007 employees polled are in favor of a vaccine mandate as a condition of returning in person to the office, while one-third of each group is opposed. In addition, 44% of executives said in the August survey that they will take a leadership role in encouraging employees to get vaccinated over the next 12 months.
PwC and many other businesses are delaying their reopening plans, fearing the risk of the Delta variant, especially for unvaccinated employees. As reports of breakthrough infections among even fully vaccinated people cause the Centers for Disease Control and Prevention to revise the guidance for masking and social distancing, companies are struggling with the safest way to do business during the ongoing pandemic.
PwC building on Park Avenue in New York.
“The safety and well-being of our people really continues to be our No. 1 priority,” said Kathryn Kaminsky, vice chair and U.S. trust solutions co-leader at PwC, during a press conference Thursday. “With that in mind, we have made the decision to delay the official reopening of our U.S. offices until November 1. With that, though, we will continue to monitor the situation based on the latest information and of course the data, and we’re prepared to adjust our plans as needed. We always remain focused on balancing the safety, well-being and flexibility needs of our workforce, and of course our clients. As of now, we’re not requiring our people to receive the COVID-19 vaccine to return to the office, but similarly to what I said about returning to the office, we are going to continue to monitor the data and reevaluate our position as we get closer to our November 1 official office reopening date. All of this will be done by continuing to adhere to federal and local health guidelines. ... These tough decisions aren’t unique to our firm. All organizations are facing similar challenges.”
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The survey found that employees want the flexibility to work remotely, although executives remain wary about the challenges. Nearly one-fifth (19%) of all employees would like to be fully remote today even if COVID-19 were no longer a concern. The majority prefer a hybrid model with a variation of in-office and remote days of work.
“A key theme we continue to see is business executives are keen to rebuild revenue and begin applying the lessons learned from the pandemic as they redesign how work gets done,” said Neil Dhar, vice chair and chief clients officer at PwC. “With the surging Delta variant, the great reopening for many that was scheduled to be post-Labor Day has been delayed for many businesses we’re seeing. A growing number of companies are mandating vaccines for employees, with others pushing out their return dates further into the year, some even into the New Year.”
While executives have been setting up hybrid work plans, they are finding corporate culture has become their biggest challenge. Employees are willing to look for new job opportunities if they can’t get the flexibility they desire. Among employees who are seeking new jobs, nearly one in 10 said that it’s because they moved away from the office while working remotely and don’t want to go back to onsite work.
“As we reviewed our survey, we really saw that hybrid work is going to be a reality for many organizations,” said Bhushan Sethi, global people and organization co-leader at PwC. “Over half of the employees are actually expecting people to have some time in the office over the next three to six months. Even though some companies have pushed out their broad-based reopening dates, hybrid work is going to become a reality. With that comes the challenges people have.”
Employees are looking for new job opportunities not only for more flexibility, but also for improved benefits and compensation. Nearly two-third (65%) of the employees surveyed in August said they’re looking for a new job, up from 36% in May. Among the executives polled by PwC, 88% said they’re seeing higher turnover than normal.
The top reason employees cite for looking for a new job is a better salary, followed by benefits. When executives were asked about why employees are leaving, however, only 23% believed benefits were a reason. For the employees who were seeking new opportunities, flexibility, expanded benefits and compensation were the top incentives.
Many employees also perceive job changes as a way to close pay gaps, with 46% of women seeking higher salaries compared to 34% of men. More Latino (82%) and Black (67%) employees see job changes as a way to close the salary gap, compared to white and non-Latino employees (57%).
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الأربعاء, 17 فبراير 2021 14:37
ارنست اند يونج EY ضمن أفضل 10 علامات تجارية عالمية لأول مرة في تصنيف brand finance
تم تصنيف EY كواحدة من أفضل 10 علامات تجارية في العالم
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الأربعاء, 21 سبتمبر 2022 12:50
استقالة رئيس شركة كي بي ام جي في المملكة المتحدة بعد أيام من انتقاده للموظفين
استقال رئيس شركة KPMG في المملكة المتحدة بعد أيام من إثارة غضب واسع النطاق لإخباره الموظفين بالتوقف عن الشكوى من الوباء
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KPMG U.K. chair resigns days after slamming ‘victim card’ staff
By Michael Kapoor
February 12, 2021, 1:38 p.m. EST
KPMG’s U.K. chairman has resigned days after sparking widespread anger for telling employees to stop moaning about the pandemic.
Bill Michael, KPMG’s U.K. chair and senior partner since 2017, will leave the firm at the end of the month, admitting that his position had become “untenable.”
He had been placed under investigation after telling KPMG’s financial services consulting team to “stop moaning” and “playing the victim card” when employees voiced concern over possible cuts to their pay and pensions at a virtual meeting Monday.
Sean Gallup/Getty Images
“I love the firm and I am truly sorry that my words have caused hurt amongst my colleagues and for the impact the events of this week have had on them,” Michael said in an emailed statement Friday. “In light of that, I regard my position as untenable and so I have decided to leave the firm.”
Michael stepped aside from his position as chair on Wednesday for the duration of the investigation and apologized for his comments.
“It’s further evidence of a bullying culture and Bill Michael won’t be the only example of that,” said Prem Sikka, an accounting professor at Sheffield University. “They need to mend the culture and concentrate on improving audit quality rather than bullying staff.”
The pandemic has taken a toll on all professional services firms. KPMG said earlier this month that its partner profits would fall by 11 percent and it said in July, that it would cut as many as 200 jobs from its U.K. workforce.
Senior elected board member Bina Mehta has been named acting U.K. chair, with KPMG saying it would “undertake a leadership election in due course.” Mary O’Connor, KPMG’s head of clients and markets, will take over Michael’s role as senior partner.
“Bill has made a huge contribution to our firm over the last 30 years, especially over the last three years as chairman, and we wish him all the best for the future,” Mehta said.
The move comes as the so-called Big Four accounting firms have faced increasing criticism in Europe. Auditors are under greater scrutiny than ever after a series of high-profile lapses in recent years, with EY’s role in the collapse of German payments provider Wirecard AG now under the microscope.
In the U.K., KPMG has faced fierce criticism over its auditing of Carillion Plc, whose collapse prompted the government to launch a series of inquiries into auditing standards.
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الإثنين, 15 فبراير 2021 16:13
ارنست اند يونج أفضل مدقق حسابات اكتتاب عام عالميًا في عام 2020
دعم الشركات للاكتتاب العام وتقييم المعاملات الاستراتيجية
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Supporting companies to go public and evaluate strategic transactions.
Initial public offerings (IPOs) can help companies raise the capital they need to unlock their growth ambitions, become market leaders and provide shareholders with greater liquidity alternatives. IPO-bound companies typically run multitrack strategies, assessing mergers and acquisitions alongside an IPO, and evaluating listing options around the world to raise capital and deliver an optimal valuation to shareholders.
Whichever route you take, early and holistic preparation is key, and our insights as a leader in IPO advisory can help show the way. Leveraging world-class frameworks like the EY 7 Drivers of Growth, EY can advise you on how to prepare for, and execute, a successful transaction, as well as sustain growth post transaction. The hard work of being a public company continues after the IPO.
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