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Tag >> Deloitte
Aug 30
2011

Gen X employees poised to lead job exodus

Posted by Stephen Taub in Millennialsjobsjob satisfactionjob dissatisfactionGeneration XDeloitteCareers/ManagementBaby Boomers

Stephen Taub

Employers beware. Your rank and file is becoming increasingly restless as the jobs picture brightens.

Don't be surprised if you see an exodus of employee as more and more of your rivals post "hiring" signs on their websites.

Apr 14
2011

CFOs focused on top line growth

Posted by Stephen Taub in RiskrevenuesregulationsDeloitteCash

Stephen Taub

It's all about revenues.

Chief financial officers surveyed by Deloitte said nearly half of their companies' strategic focus is on revenue growth. This far exceeds their 30 percent focus on cost reduction.

Feb 16
2011

Just 7 percent ready for new lease accounting standards

Posted by Stephen Taub in Riskleasingleaseslease accountingFinancial Accounting Standards BoardFASBDeloittecomplianceCash

Stephen Taub

It looks like most companies are not ready for the new lease accounting standards expected to be finalized as early as mid-year.

According to a recent Deloitte survey, just 7 percent of executives believe their companies are extremely or very prepared to comply with the new lease accounting standards proposed by the Financial Accounting Standards Board (FASB).

Jan 20
2011

CFOs: health care reform will raise costs

Posted by Stephen Taub in health care reformhealth careDeloittecomplianceCash

Stephen Taub

Most CFOs of large companies believe health care reform will raise costs and reduce quality.

According to a new survey, more than 90 percent expect benefits cost per employee to rise. What's more, half of the respondents expect the quality and/or breadth of offered benefits to decline.

Dec 23
2010

Why some jobs are going unfilled

Posted by Stephen Taub in unemployment rateunemploymentresearch and developmentR&DjobsjoblessnessDeloitteCareers/Management

Stephen Taub

Contrary to what a number of politicians have asserted in recent days, the current jobless rate is not due to a pervasive desire to cash unemployment checks and lounge around or a desire to become "hobos," as Sen. Richard Burr (R-NC) asserted earlier this year.

A new Deloitte study soberly concluded what many employers have suspected for years: The potential employment pool is becoming less and less qualified for the jobs that are available.

Nov 30
2010

Ex-Deloitte partner, wife charged with insider trading

Posted by Stephen Taub in Securities and Exchange CommissionSEC enforcementsecinsider tradingDeloittecompliance

Stephen Taub

The Securities and Exchange Commission's aggressive crackdown on illegal insider trading has snared a former Deloitte Tax LLP partner and his wife.

The pair on Tuesday was accused with repeatedly leaking confidential merger and acquisition information to family members overseas in what the regulator calls a multi-million dollar insider trading scheme.

The SEC alleges that Arnold McClellan, head of one of Deloitte's regional mergers and acquisitions teams, and his wife Annabel provided advance notice of at least seven acquisitions planned by Deloitte's clients to Annabel's sister and brother-in-law in London. The brother-in-law then took positions in US companies that were targets of acquisitions by Arnold McClellan's clients.

Nov 04
2010

Large company CFOs grow more pessimistic

Posted by Stephen Taub in surveysRiskpessimismDeloitteCFOs

Stephen Taub

CFOs at large companies are much more pessimistic than they were just three months ago.

According to yet another new survey of chief financial officer sentiment, just 47 percent said they are more optimistic about their company's prospects and 36 percent are less optimistic. Last quarter, nearly two-thirds said they were more optimistic and only 17 percent were less optimistic.

Oct 25
2010

Improve proxy statements to better define risk management

Posted by dbedell in S&P 500risk oversightrisk managementRiskDeloittecorporate governancecompliance

dbedell

Companies are focused on compliance with new proxy disclosure rules, but they may not be providing the whole picture of the company’s risk management strategy, according to a new report out by corporate advisory firm Deloitte.

In analyzing proxy statements by 398 S&P 500 companies, Deloitte found that although companies were meeting basic compliance requirements for risk oversight, they fell short of providing vital information on risk management practices—information which could provide greater comfort to regulators, investors and other stakeholders into risk mitigation efforts at the company.

Sep 16
2010

UK watchdog barks at auditors

Posted by nicklord in PwCKPMGErnst & YoungDeloitteauditing

nicklord

The Financial reporting Council of the UK has released the annual results of its inspection of the big four accounting firms. Its verdict? Could do better.

Each of the big four - KPMG, PwC, Deloitte and Ernst & Young - were found to have been less than perfect. Each was found guilty of specific misdemeanors, but the common thread running through the report was that auditors faced too much internal pressure to do non-audit work, so that the quality and independence of the audits were in danger of slipping.

Aug 27
2010

Upscale California county scrapping Deloitte-installed SAP system

Posted by Going Concern in SAPERPDeloittebiztechBig FourBig 4auditorsauditingaudit feesaudit

Going Concern

Submitted by Caleb Newquist, republished from Going Concern, Accounting News for Accountants and CFOs.

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