Yesterday
- Exclusive
- Big four consultants
Spending on consultants at 10-year low: Gallagher
Finance Minister Katy Gallagher says spending with the big four consulting firms along with Accenture and Scyne is down $240 million so far in 2023-24.
- Ronald Mizen
One in two want government to cut use of big four firms: survey
Surveys in November and December show that almost one in three people have a negative view of the big four consulting firms.
- Edmund Tadros
Samuel’s big four fix: ban firms consulting to audit clients
Former competition watchdog Graeme Samuel also said ASIC should resume naming and shaming firms with poor audit quality.
- Edmund Tadros
This Month
EY cuts poor performing, misbehaving partners
More than 40 partners have left big four consulting firm EY in the second half of 2023, more than half because of poor performance, or behaviour issues.
- Edmund Tadros
EY paid by government to push agendas of its clients
EY’s self-styled role as Australia’s de facto climate change policy and regulation expert goes beyond the federal government.
- Hannah Wootton
McKinsey, BCG don’t want public to know junior partners earn $700,000+
McKinsey told a Senate inquiry it was “not able to share the remuneration of our individual partners”, while BCG said partner pay was “tied to a global structure in a highly competitive global market”.
- Edmund Tadros
No site visits, no briefings: Games’ business case done in just weeks
EY partner Dean Yates says the original business case the firm prepared for the cancelled 2026 Commonwealth Games identified significant problems.
- Gus McCubbing
Boutique consulting firm cuts dozens of staff to face a ‘slow’ 2024
Nous boss Tim Orton says “challenging market conditions” are unlikely to improve.
- Edmund Tadros
Rest of the big four decline to join PwC on political donations ban
EY and Deloitte will continue to donate despite PwC stopping all contributions after its tax leaks scandal, while KPMG is reviewing its stance.
- Edmund Tadros
November
- Exclusive
- Big four consultants
Big four billing rates leaked by federal government
Highly confidential details about how much 400 consulting firms charge the federal government were accidentally leaked this month, sparking outrage and calls for a full investigation.
- Ronald Mizen and Edmund Tadros
EY in talks to close London HQ as staff work from home
EY wants to move to a more environmentally friendly building, and staff are also spending less time in the office after the pandemic changed working patterns.
- Irina Anghel and Jack Sidders
EY’s Janet Truncale: Project Everest survivor with a mountain to climb
The first woman to become global chief of a big four consulting firm faces the challenge of uniting EY after its failed split.
- Stephen Foley
EY admits staffer drafted papers for alleged tax exploitation partner
EY Australia has admitted a staff member helped draft documents for a former partner who allegedly promoted tax exploitation schemes, but the firm says the person was acting on instructions and has not been disciplined.
- Max Mason and Neil Chenoweth
Mid-tier firm revenue surges 17pc, outpacing big four
Strong demand for traditional auditing, accounting and tax services, along with fast-growing consulting offerings, helped boost annual revenue at mid-tier firms.
- Updated
- Edmund Tadros
Revealed: Australia’s best accounting firms in 2023
Income across Australia’s 100 biggest accounting firms jumped almost 12 per cent last financial year, with mid-tier firms outgrowing the big four.
- Edmund Tadros
People over profits: ‘Don’t promote leaders unable to manage, develop staff’
The driving force behind a landmark report into the culture of EY says leaders should not be promoted further if they can’t manage and develop staff – even if they perform well financially for the firm.
- Edmund Tadros
- Exclusive
- Big four consultants
EY cuts 232 jobs as big four job losses widen
The consulting firms have now all cut local staff numbers, bringing the total reduction to roughly 900, or about 2 per cent of their collective workforce.
- Edmund Tadros
PwC cuts hundreds of jobs as scandal, slowdown hit
The nation’s once dominant consulting firm, PwC Australia, will cut more than 4 per cent of its 8000-strong workforce.
- Edmund Tadros
Senators slam EY deal with ATO as too lenient
EY is facing further scrutiny in the wake of allegations a former partner promoted tax exploitation schemes over five years.
- Max Mason and Neil Chenoweth
IMF urges RBA on rates; Protect Gaza civilians: PM; EY’s tax scandal
Read everything that’s happened in the news so far today.
