In today's podcast we will be covering the biggest big 4 accounting firms news for the week ending January 27, 2017
The first story we cover is some comments made by AICPA CEO Barry Melancon. He made these statements on Tuesday January 24, 2017 at the Accountants club of America. He was speaking about the current state of the profession. He spoke about how all the new hires are choosing industry over public accounting. It appears that candidates are seeing better offers in industry versus the big 4.
The second story we cover is the news about Deloitte opening a blockchain lab in the Silicon Docks district of Dublin, Ireland.
Lastly we go over the news that KPMG is being investigated over the audit of Rolls Royce. Rolls Royce was fined by multiple government agencies around the world for bribing and other fraud. Now KPMG is being investigated since they were the auditors for the majority of the years the fraud was perpetrated.
Intro music by SK and the song is titled "Beats - Did it all for the money"
Make sure to visit https://www.thebig4accountingfirms.com/ for more big 4 news.
In this episode we cover an update on the PwC acquisition of GE's Tax Department. PwC came out with a press release on the Wall Street Journal saying that they estimate the acquisition of GE's tax department could make them $1 billion a year. We analyze whether that is feasible in this episode.
We also cover the news that KPMG is building a new training facility in the Orlando area.
Make sure to check out our website at https://www.thebig4accountingfirms.com for more details on all of this news.
PwC recently announced the acquisition of GE's tax department.
This includes PwC hiring more than 600 employees from GE as well as GE's tax technology.
The deal will last for 5 years. At the end of the deal, GE will assess whether they want to continue using PwC to run their tax department.
PwC said that the GE employees will service GE and other PwC clients.
Listen to this episode to learn more details about the acquisition and to figure out whether this deal is better for PwC or GE.
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