Tuesday, September 22, 2015

Holy Crap! "Accounting News Roundup: Deloitte's Revenue; PwC's Student Loan Perk; Inverstions Still a Thing | 09.22.15"

That's the headline at Going Concern. Here's a snip:

Deloitte Touche Global Revenue Up in Fiscal 2015 [WSJ]

$35.2 billion. This growth can be interpreted a couple of different ways:
Revenues for fiscal 2015, which ended May 31, rose 7.6% in local-currency terms, as Deloitte prefers to measure its growth. The two growth figures were significantly different in the latest year because of the strength of the U.S. dollar, Deloitte said.
The 2.9% growth in U.S. dollars was slower than the 5.7% growth the firm posted in the previous year, though the 7.6% local-currency growth was above the previous year’s 6.5%.

I had no idea they were that big.
Deloitte, the largest professional services firm in the world, likes itself a little too much. It's like Mindy Kaling without the charm or clever sexual overtones.

Also at Going Concern:

Accounting News Roundup: Deloitte Dumps Tianhe Chemicals; Pope Francis Dabbles in Tax Policy; Saving in Your 20s | 09.18.15

Friday Footnotes: New Deals for KPMG, EY; Debating Carried Interest; Blowing Off Stupid Meetings | 09.18.15

Accountant Hiding on the Appalachian Trail Has the Mugshot to Prove It