Ernst & Young has announced the opening of an innovation lab in New York. The location is in Union Square in Manhattan. It is located on the 8th floor of 841 broadway which is on 13th st. Don’t think you can just drop in though. You will probably need to be a priority client of EY to get access.
EY made this announcement on June 21, 2017. The purpose of the center is to focus on financial services. The reason for the focused on financial services is likely because it is an innovation center in New York.
This center will highlight EY’s investment in Wavespace.
What is Wavespace?
Wavespace is a branding term that highlights Ernst & Yong’s growth and innovation network. You can see EY’s press release around wavespace from March 2017 on their website. Wavespace is a global network of growth and innovation centers. It’s not restricted to improving only accounting functions. It can help clients invest in a number of items including blockchain. Ernst & Young has invested in strategic alliances to help clients collaborate with other service providers in the space. This will probably with your typical providers like oracle, SAP, Microsoft in addition to some startups.
Visit our site below to learn more.
In today's podcast we will be covering some of Deloitte's Largest clients. Visit our website to learn more.
Make sure to visit https://big4accountingfirms.com to learn more about bureaucracy at the big 4.
There is tons of bureaucracy and red tape at the big 4 accounting firms. It's just something that you have to get used to. You have to track everything. Your time sheet, forecasted time, expenses, etc. Then on top of that you have to worry about giving timely feedback and checking in at your desk. These are only a couple of examples. Make sure to listen to the episode to learn more about what the red tape is like at the big 4.
Today we are going to be discussing PwC’s clients. I think it is important to know the clients of each big 4 accounting firm if you are going to be working there.
I will first be going over some high level statistics about PwC’s client so that you can get an idea of how much work they do for the largest companies in the world.
Of the global fortune 500 companies pwc has
Of the us fortune 500 companies pwc has
As you can tell from both of those statistics, PwC does some kind of work for at least 84% of the worlds largest most successful companies.
We will also cover a list of PwC's largest clients.
The links that are discussed in the podcast are attached below.
In this episode we cover how to make the most out of any big 4 recruiting event that you might attend. Networking at these events can be hard as you might get questions like how did you choose audit versus tax. We can help you answer those questions in this episode.
Visit https://big4accountingfirms.com/big-4-jobs/ for more help with the recruiting process.
PwC has named their new 2017 partner class. They announced their new partner class during the first week of June. The breakdown by line of service is as follows
Advisory – 60
Assurance – 74
IFS – 1
Tax – 77
This makes for a total of 212 New PwC Partners for the 2017 partner class. This is not a record breaking amount of partners for PwC in the United States. The 2016 PwC Partner Class was the largest partner class ever with 226 partners making that list.
Visit our site for more details https://big4accountingfirms.com/the-blog/pwc-new-partners-2017/
If you have worked at PwC, Deloitte, KPMG or EY, you have worked with this type of person. I will call them a financial statement terrorist. But they can really be a terrorist on any type of project at the big 4 accounting firms.
The person that cannot let a financial statement, tax return or client proposal go out the door without having their impact. I call them terrorists not to make light of terrorism but because of the metaphor of holding something hostage. They hold financial statements, tax return and other projects up at the last second with meaningless comments. I mean meaningless to you and me. To them, they are the comments with the utmost importance. In their mind, they don’t let anything go out the door that has a mistake in it.
These people can seemingly face down clients and other partner yellilng at them. Just people berating them and telling them that they are destroying the firms reputation with XYZ client. They don’t care. You aren’t going to penetrate their thick skulls.
Do you know why. Because in their minds, you are just a numskull. You are one of the dumb masses. They are the white knight at the gates of a golden fortress. They are the last guard holding the kingdom together. They are willing to face down whatever comes.