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Oilprice.com (November 18)

2021/ 11/ 20 by jd in Global News

“The real reason that Big Oil won’t raise production is a matter of simple economics. Keeping the supply tight is just too good for the bottom line…. In fact, according to figures from Deloitte LLP, oil explorers in the United States are making more money now than at any other point in the more-than decade-long history of the nation’s shale revolution.”

 

Forbes (January 13)

2020/ 01/ 14 by jd in Global News

“Recession fears are back in full force: 97% of CFOs said that an economic downturn has already begun or will begin in 2020—up from 88% who said the same thing last year, according to Deloitte’s latest CFO Signals Survey.”

 

Bloomberg (December 20)

2017/ 12/ 21 by jd in Global News

“Japan has gained a tremendous amount of manufacturing competitiveness. A 2016 study by consulting firm Deloitte ranked Japan the fourth-most competitive country for manufacturing, a huge leap from the No. 10 position it held three years earlier.”

 

Financial Times (May 10)

2016/ 05/ 10 by jd in Global News

The auditing sector is undergoing a “pitch battle” with new EU regulations that require companies at least tender their audits every 10 years and change auditors every 20 years. “So far the result has been a merry-go-round of audits swapping between the Big Four—PwC, Deloitte, EY and KPMG—which handle 98 per cent of FTSE 350 audits and 95 per cent of those for Fortune 500 companies.”

 

Financial Times (May 30)

2013/ 05/ 31 by jd in Global News

“In France, when public servants cash in by taking private sector jobs, it is called pantouflage. In Japan, it is amakudari (“descent from heaven”); and, in the US, it is normal.” The revolving door between government and private sector jobs is a perplexing global issue that recently garnered attention in Britain when the head of tax collection became a consultant to Deloitte.

 

Financial Times (July 29)

2012/ 08/ 01 by jd in Global News

Regulators need to achieve “a complete redesign of audits and the way auditors deliver them.” Currently, auditors provide questionable value. “Did auditors give shareholders any advance warnings about failures and losses at Royal Bank of Scotland, Northern Rock, Anglo Irish, MF Global, Lehman Brothers, Bear Stearns, AIG or Barclays? US companies spend nearly $50bn annually on the ‘Big Four’ (PwC, Ernst & Young, Deloitte and KPMG) but the auditor rarely speaks or is questioned at annual meetings.”

Regulators need to achieve “a complete redesign of audits and the way auditors deliver them.” Currently, auditors provide questionable value. “Did auditors give shareholders any advance warnings about failures and losses at Royal Bank of Scotland, Northern Rock, Anglo Irish, MF Global, Lehman Brothers, Bear Stearns, AIG or Barclays? US companies spend nearly $50bn annually on the ‘Big Four’ (PwC, Ernst & Young, Deloitte and KPMG) but the auditor rarely speaks or is questioned at annual meetings.”

 

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