Big Four
Deloitte, EY cut staff in UK amid decline in demand for advisory services
Deloitte recently laid off around 250 advisory staff members in the UK, while EY's annual report on Thursday revealed a reduction of 2,450 employees over the past fiscal year, a first in 14 years
 "Deloitte, EY cut staff in UK amid decline in demand for advisory services")
Amid GCC boom, Big Four in India are boosting hiring of 'tech architects'
Deloitte India has over 500 of these architects and says there is a growing demand for them across the consultancy's clients
Big firms don't connect with the masses
The idea that large companies need demand visibility to invest, so lower-income demand needs to be stimulated, does not hold water
 "Big firms don't connect with the masses")
Delhi HC says ICAI allowed to issue orders against Big Four affiliates
The court also said that the firms, along with the partners, are also liable to reply to the ICAI notices
 "Delhi HC says ICAI allowed to issue orders against Big Four affiliates")
KPMG plans C-suite topup across verticals to power Project Himalaya
The Project Himalaya, announced last year, involves the merger of the delivery capabilities of consulting, risk, and advisory practices of its units in the US, the UK, and India
 "KPMG plans C-suite topup across verticals to power Project Himalaya")
FM Nirmala Sitharaman asks ICAI to set up 'Big 4'- like Indian firm
Interacting with the ICAI in Patna, Sitharaman sought a commitment from them to start work on the same as part of their 100-day agenda for Viksit Bharat by 2047
 "FM Nirmala Sitharaman asks ICAI to set up 'Big 4'- like Indian firm")
New rules for aggregation of domestic CA firms in three months: ICAI
"The overall aim is to provide ease of growing practice and facilitate the Indian CA firms grow bigger," he said
 "New rules for aggregation of domestic CA firms in three months: ICAI")
Big Four adopt tech, hire more to meet rising risk advisory demand
Deloitte, KPMG, PwC and EY say business feel greater need for regulatory compliance after the coronavirus
 "Big Four adopt tech, hire more to meet rising risk advisory demand")
Turnaround awaited
Demand environment remains challenging for IT
 "Turnaround awaited")
Central ministries gave contracts worth Rs 500 crore to 'Big Five' firms
About fifty organisations and 16 departments/ ministries outsourced work to these consultancy firms, which include PwC, Deloitte, Ernst & Young and KPMG, along with McKinsey & Company
Big Four accounting firms make $4 bn from India biz; expand into consulting
The Big Four have overhauled their operations over the past few years to gain a wider share in the high-demand advisory and technology services firms
 "Big Four accounting firms make $4 bn from India biz; expand into consulting")
Data Protection Bill: Experts flag legitimate purposes concern for Big Four
The consulting firms have gone into a temporary wait-and-watch mode on certain things in the Bill until a rulebook could clarify it for them
 "Data Protection Bill: Experts flag legitimate purposes concern for Big Four")
Big 4 push the tech button, look to expand IT service presence in India
The big four are best known for their accounting and audit services globally. However, with time, they have added several more services to their work
KPMG lays off 700 people in US, 1st among Big4 accounting firms to cut jobs
KPMG has announced that it is laying off 2 per cent of its workforce at its office in the United States with an aim to keep costs low as the economy slows
 "KPMG lays off 700 people in US, 1st among Big4 accounting firms to cut jobs")
TMS Ep257: EY split, rain hits brand Bangalore, markets, quiet quitting
How will EY's split shake up the sector? Is brand Bangalore being washed away by flood? Is broader markets' rally here to stay? What is quiet quitting? All answers here
 "TMS Ep257: EY split, rain hits brand Bangalore, markets, quiet quitting")
How will EY's split shake up the sector?
EY is planning to split its audit and advisory businesses. It said that it was doing so to address regulatory concerns over potential conflicts of interest. Will this prompt others to follow suit?
 "How will EY's split shake up the sector?")
Top headlines: Inflation hurts consumer goods firms; 33 die in Andhra
Consumer goods firms' share in India Inc profit drops; EY, KPMG, PwC, Deloitte clock strong year - Read more in our morning briefing.
 "Top headlines: Inflation hurts consumer goods firms; 33 die in Andhra")
Big four professional services firms see big growth post Covid-19
Tech adoption by businesses, rise of unicorns, M&A activity drive gains
 "Big four professional services firms see big growth post Covid-19")
What lies ahead for Sanjeev Krishan, PwC India's youngest man at the top
Over the last six 'lockdown and unlock' months, Krishan spend relentless hours on video calls and webinars to keep in regular touch with CXOs across India and abroad
 "What lies ahead for Sanjeev Krishan, PwC India's youngest man at the top")
Separate audit units from other biz by June 2024: UK watchdog to Big Four
Auditors are under greater regulatory scrutiny than ever after a serious of high-profile lapses in recent years
 "Separate audit units from other biz by June 2024: UK watchdog to Big Four")
