This Month
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
CA ANZ unhappy about accounting merger
The number-crunching body is upset the government has decided to merge the existing standards bodies into a single entity.
- Edmund Tadros
April
Strategy firm Bain pays graduates to defer start date
Bain has given graduates $5000 to defer their starting date by three months as tighter economic conditions hit demand for corporate advice.
- Edmund Tadros
March
McKinsey cuts 20 staff from Australia and NZ operation
The firm has shed about 3 per cent of its local workforce as part of a rare round of global redundancies aimed at offsetting a pullback in client demand.
- Edmund Tadros
Strategy firm puts graduate applicants through their paces
OC&C Strategy has hired seven applicants for its highly sought-after graduate program.
- Edmund Tadros
McKinsey pays graduates to defer their start date
McKinsey has offered a “small bonus” to its Australia and New Zealand graduates to delay their starting date by up to two months, a move the firm says is unrelated to a plan to cut more than 4 per cent of its support staff globally.
- Edmund Tadros
KPMG US auditors signed off on Silicon Valley Bank, Signature Bank
Auditors at KPMG US gave Silicon Valley Bank and Signature Bank unqualified audit opinions only weeks before both financial institutions collapsed.
- Edmund Tadros
Deloitte CEO slams EY split and its leaders’ ‘deal fever’
Joe Ucuzoglu says his firm will stay together, and questioned the reasons that EY leaders have extolled to sell its separation plan to partners, staff and clients.
- Edmund Tadros
PwC CEO defends firm over robo-debt work
PwC chief executive Tom Seymour says the firm’s consultants highlighted problems with the robo-debt program.
- Edmund Tadros
NSW government saves $150m by capping consulting rates
The capped rates were accepted by the major firms, including the big four consulting firms Deloitte, EY, KPMG and PwC, but resisted by seven firms, including the Boston Consulting Group and L.E.K. Consulting.
- Edmund Tadros
Deloitte projects annual revenue growth of 15pc
Deloitte chief executive Adam Powick says the firm is on track to grow by about 15 per cent this financial year, as client demand holds up for IT consulting work.
- Edmund Tadros
Auditing standards body advertises for chairman
The government has advertised for a chairman of the Auditing and Assurance Standards Board, a position currently held by former senior PwC partner Bill Edge.
- Edmund Tadros
EY Hong Kong investigates harassment allegation
EY is offering counselling to those involved behind the allegations; no job cuts at BCG; Accenture keeps hiring.
- Edmund Tadros
February
PwC tax leak ‘disappointing’, ‘unacceptable’: ASIC chairman
The top corporate cop has called PwC’s tax leak scandal “extremely disappointing, but said the vast majority of big four advisers were “good people trying to do the right thing”.
- Edmund Tadros
McKinsey paid $8.5m for digital consultancy, another $6.8m ‘at risk’
McKinsey bought Sydney-based digital consultancy firm Hypothesis as part of a move into the crowded app and digital business building market.
- Edmund Tadros
McKinsey bonuses surge 57pc despite local firm falling to a loss
Annual revenue for Australia and New Zealand fell by 8 per cent in 2021 to $440 million, as a big boost to bonuses paid to partners and staff pushed the firm into a loss for the year.
- Edmund Tadros
