This Month
Defence tries its hand at consulting as Labor keeps heat on big firms
The government will also conduct a second audit of public sector employment to track the progress on reducing its reliance on external advice.
- Maxim Shanahan
Why so many top executives start in accounting, consulting
BOSS delves into the career paths of the senior executives at Australia’s 20 biggest companies to discover where they started – and the critical skills and experience they gained.
- Sally Patten
- Opinion
- Competition
Consulting firm fixes are impractical and an overreach
More importantly, they are not necessary to correct a deficiency in the regulation of delinquent behaviour, says the former ACCC chairman.
- Graeme Samuel
PwC partners in Middle East accused of blocking first woman boss
PwC is facing a backlash from its own staff after two women were passed over for the UK firm’s top job, as Middle Eastern partners grow in strength.
- Updated
- Adam Mawardi
Law Council ‘extremely concerned’ by ATO’s privilege allegations
In response to comments by Jeremy Hirschhorn to the Senate, the Law Council warned against casting doubt over the purpose of law firms’ consulting arms.
- Maxim Shanahan
April
KPMG increases working capital borrowings by almost $300m
KPMG increased its borrowings by almost $300 million over the past two financial years but booked revenue growth of more than $500 million.
- Maxim Shanahan
Scyne finalises appointments, KPMG partner heads to Star
PwC spin-off Scyne Advisory has appointed a permanent managing partner and will finalise its CEO in the second half of this year.
- Maxim Shanahan
McKinsey uses Chumbawamba to boost morale
The firm sought to rally partners at a meeting, but has been hit by news of a criminal investigation and lawsuit from a former senior partner in the past week.
- Ambereen Choudhury and Amy Bainbridge
- Exclusive
- PwC tax scandal
Burrowes wants everyone to move on from PwC’s tax scandal
“We feel we’re in a good position now to start to turn to a new chapter, look to the future and drive the firm with a new strategy,” the PwC chief executive says.
- Ronald Mizen and Maxim Shanahan
Tax Office warns law firms over consulting push
ATO second commissioner Jeremy Hirschhorn said he was worried law firms would repeat the mistakes of the big four professional services firms with their push into consulting.
- Maxim Shanahan
McKinsey faces US criminal probe over opioids work: sources
McKinsey & Co is under criminal investigation in the United States over allegations it played a key role in fuelling the opioid epidemic.
- Mike Spector, Nate Raymond and Chris Prentice
Big four consultants ‘commoditised’, says fast-growing boutique firm
Rennie Advisory has appointed former senior EY partner Tim Eddy as its new chairman, as small firms capitalise on client dissatisfaction with the big four.
- Maxim Shanahan
- Exclusive
- Cybersecurity
Consulting giant builds $300m Aussie cyber group with acquisitions
Following a string of acquisitions, Fujitsu has created a 300-strong team of cyber professionals to take on IBM, Accenture and CyberCX in Australia and New Zealand.
- Tess Bennett
McKinsey begins hundreds of job cuts with client demand muted
The reductions are said to be global and will affect employees across a variety of divisions including design, data engineering, cloud and software.
- Ambereen Choudhury and Irina Anghel
Mercury Capital acquires stakes in KKR’s Findex Group, Fyfe
The deal, which closed on Friday, will see Mercury take a 60 per cent interest in Fyfe which has been around since the 1980s.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
Finance’s ‘basic’ spreadsheet error triggers reform calls
The federal Finance department failed to remove hidden tabs in a master spreadsheet, exposing confidential pricing data, a review has found.
- Tom Burton
McKinsey offers staff nine months’ pay to leave
The management-consulting firm is dangling the pay, along with career-coaching services and other resources, to some UK staff who would like to leave.
- Matthew Boyle
March
Win promotion in 2½ years or go, McKinsey now tells consultants
The company is raising the “up or out” pressure on staff as the global industry struggles following several years of aggressive hiring.
- Ambereen Choudhury
Why this strategy consulting firm avoids cutting staff during a downturn
Strategy consulting firms have to bide their time during recessions until clients have exhausted ways of quickly cutting costs, says a veteran of the field.
- Edmund Tadros
Deloitte restructure ‘year in the making’
Deloitte Australia CEO Adam Powick says a global restructure will strip out duplicated roles and make it easier to respond to client needs.
- Edmund Tadros