Deloitte and KPMG are putting together consulting services to help their clients reopen their businesses.
Deloitte is also delaying start dates in Australia.
EY won a $93 million contract in the U.S. helping the U.S. Army audit its financial statements.
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In today's podcast we discuss:
Changes to EY's UK Leadership
Hertz going bankrupt and the impact on EY
Deloitte winning more work helping out with unemployment websites
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Deloitte is being sued in New York, Ohio and Florida for their work with state unemployment departments.
There is also good news about Deloitte. They are partnering with American Airlines to deliver PPE to frontline healthcare workers.
EY is also being sued. The FDIC is suing EY over their audit of FNBC bank.
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KPMG employees in Australia decided to all take a pay cut for the greater good. 99% of the 8,000 employees in Australia decided to take the 20% pay cut suggested by the firm's leadership.
KPMG US was caught up in a cheating scandal. 3 partners were found to be cheating on internal audit tests.
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KPMG is being sued over their failed audit of Carillion.
They are being sued for 250 million pounds.
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Grant Thornton has told their employees that they will not be getting raises unless they are getting a promotion. They will also not be providing bonuses unless people are promoted.
Ey is forcing their employees in the UK to take leave at the end of may and to take as much of their leave as possible before August.
https://big4accountingfirms.com/the-blog/ey-forces-uk-employees-take-leave/
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Deloitte has announced that they are partnering with UiPath to build an intelligent document processing solution.
https://big4accountingfirms.com/the-blog/deloitte-partners-uipath-document-processing/
https://big4accountingfirms.com/the-blog/technology-big-four-2020/
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Deloitte has announced that they will be laying people off in their Canada office.
https://big4accountingfirms.com/the-blog/deloitte-canada-layoffs/
PwC is building a contact tracing app to help with COVID 19. They plan on selling it to their clients.
https://big4accountingfirms.com/the-blog/pwc-sells-covid-19-contact-tracing-app/
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CBIZ is one of the largest accounting firms in the United States and they just reported revenues. Learn what this means for the big four accounting firms.
https://big4accountingfirms.com/the-blog/cbiz-q1-2020-earnings/
It has been reported that Deloitte is considering cutting their pension cost in the UK.
https://big4accountingfirms.com/the-blog/deloitte-cuts-uk-pension-cost/
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Deloitte just announced that they will be cancelling summer vacation schemes in the UK for summer 2020.
https://big4accountingfirms.com/the-blog/deloitte-cancels-uk-summer-scheme/
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In this podcast, we provide an update on current job opening for ernst and young.
https://big4accountingfirms.com/the-blog/covid-19-big-4-updates-tracker/
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There will most likely be more bankruptcies coming because of the continued shutdown. This means that the big 4 will lose big clients. This means they will lose revenue and have to lay people off in key industries like retail, oil and travel.
Diamond offshore announced that they will go bankrupt. There is some speculation that Hertz might go bankrupt.
https://big4accountingfirms.com/the-blog/covid-19-big-4-updates-tracker/
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In this episode we provide an update on Big 4 layoffs and how to plan for layoffs coming.
https://big4accountingfirms.com/the-blog/covid-19-big-4-updates-tracker/
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The big 4 accounting firms are going to be assisting governments and companies in dealing with COVID 19.
Listen to the podcast for more details.
https://big4accountingfirms.com/the-blog/big-four-coronavirus-assistance-work/
https://big4accountingfirms.com/the-blog/covid-19-big-4-updates-tracker/
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KPMG UK CEO Bill Michael shared a gloomy message with his staff in the UK recently. He noted that pay has been reduced by 25% in order to preserve jobs.
https://big4accountingfirms.com/the-blog/kpmg-uk-chair-provides-gloomy-outlook/
Get updates on the latest layoffs and pay cuts at the following link.
https://big4accountingfirms.com/the-blog/ey-pwc-deloitte-announce-uk-pay-cuts/
https://big4accountingfirms.com/the-blog/covid-19-big-4-updates-tracker/
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Deloitte EY and PwC have all announced pay cuts of 20% in the UK.
Even though the big 4 are cutting pay, they are still hiring in the U.S.
https://big4accountingfirms.com/the-blog/ey-pwc-deloitte-announce-uk-pay-cuts/
https://big4accountingfirms.com/the-blog/covid-19-big-4-updates-tracker/
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Learn 8 signs that you might be getting laid off from your big 4 accounting firm job.
https://big4accountingfirms.com/the-blog/covid-19-big-4-updates-tracker/
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Deloitte will help New York state with unemployment support needs.
https://big4accountingfirms.com/the-blog/covid-19-big-4-updates-tracker/
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KPMG and Deloitte are reported to have won work related to government stimulus plans.
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PwC is saying that they are glad to be keeping their offers and internships during this tough time. Learn more in this podcast.
https://big4accountingfirms.com/the-blog/covid-19-big-4-updates-tracker/
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In this episode we discuss the latest big 4 layoffs and pay cuts. PwC has noted that they will cut pay of underutilized staff by 40% in Australia.
PwC Uk said that they onboarded 180 people in March.
https://big4accountingfirms.com/the-blog/covid-19-big-4-updates-tracker/
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KPMG has announced what they are doing in the US. They are going to be reducing partner pay by up to 50%. BDO and CLA have also announced that they will be cutting pay.
https://big4accountingfirms.com/the-blog/covid-19-big-4-updates-tracker/