EY has announced that 675 of its people will become partners, an increase of 33% compared to 2013 and the highest promotions to partner ever at EY.
Mark Weinberger, Global Chairman & CEO of EY, says:
“I am very proud of our new member-firm partners and would like to congratulate all of them. Each of them has demonstrated great success in delivering exceptional client service, strengthening our business, building highest performing teams and helping play our role in building a better working world.
“We have many very talented people at EY and this year’s marked increase in new partner numbers reflects both the strength of the people we have coming through the ranks at EY and our confidence in the future growth of our organization and of the clients that we serve.”
Across service lines, the largest volume of new partner numbers was in Assurance at 37% (253) of all promotions, followed by Tax with 27% (183), Advisory with 24% (159), and Transaction Advisory Services with 10% (64). There were 2% (16) of promotions within business support.
Women also feature prominently in the promotions, making up 26% of new partners. Two more women have been appointed to the Global Executive board, the firm’s most senior management body, increasing the percentage of women members to 25%.
Tags: Big 4, EY tax jobs, Tax Partner Jobs
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Ernst & Young LLP has annoucned that Ann Burgess Cammack, former senior tax counsel on the US Senate Finance Committee and tax advisor to Chairman Baucus, has joined the Washington, DC office as a principal in the National Tax Department.
Cammack worked for Senate Finance Committee Chairman Senator Baucus since 2011, advising on issues such as insurance, financial products, retirement and pension issues, tax administration, IRS oversight, and tax practice and procedure. She worked on matters regarding the budget and deficit reduction, and participated in drafting tax legislative initiatives, including tax reform efforts, the 2012 Fiscal Cliff legislation and the 2011 Joint Committee on Deficit Reduction.
Cammack held executive positions at Massachusetts Mutual Life Insurance Company and the American Council of Life Insurers. In addition, she worked on insurance tax issues at the US Treasury Department in the Office of Tax Policy, and before that she worked as an attorney in the Office of the Chief Counsel at the IRS. She also held positions at PwC and Sutherland, Asbill & Brennan in Washington.
Tags: Big 4, EY tax jobs
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PwC US has announced that Doug Arveseth will be admitted into the firm’s partnership, effective July 1, 2014. He will serve as a tax partner in PwC’s Salt Lake City office, where he will be responsible for supervising the day-to-day tax compliance and consulting needs for a wide range of public and privately-held companies, including multi-national companies, in various industries that include professional services, direct-selling, software, manufacturing, real estate and industrial products.
Arveseth brings more than 12 years of public accounting experience to the partnership. He previously worked in the firm’s Washington D.C. office prior to relocating to the Salt Lake City market in the fall of 2008. He has advised public, private and closely held business clients in such areas as income tax, partnership taxation, mergers and acquisitions, cost segregation studies, accounting methods, and federal, foreign and multi-state taxation.
“On behalf of the Salt Lake City office, I’m proud to congratulate Doug on this important milestone in his career,” said David Cook, managing partner of PwC’s Salt Lake City office.
Arveseth graduated from the University of Utah, where he earned both a bachelor’s and master’s degree in accounting. He is a certified public accountant, licensed in Utah and Virginia.
Tags: Tax Partner Jobs
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New recruitment campaign for experienced tax professionals to join EY. Click on the banner to find out more.
Tags: Big 4, EY tax jobs, tax jobs
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PricewaterhouseCoopers (PWC) is the world’s largest professional services firm, and part of the “Big Four” accountancy firms. The company operates on the global market and is multinational, although the firm is headquartered in London, United Kingdom. PwC has offices in 776 cities in 159 countries, and employ a staff of over 180,000 people worldwide.
PricewaterhouseCoopers is an accountancy firm that had total revenues in 2012 of $31.5 billion through their multitude of services including assurance practice, tax practice and an advisory practice. The firm was actually formed by a merger of two companies known as Coopers & Lybrand and Price Waterhouse in 1998. The company then rebranded themselves in 2010 and its trading name was shortened to PwC. PricewaterhouseCoopers is the fifth largest privately owned organization in the United States.
Professional Services Provided
PwC offers professional services including consulting, which is where the company makes most of its revenue; in fact, management consulting services ended up being the fastest growing area of any of the services PwC provided. PricewaterhouseCoopers cut back on its consultancy regarding financial systems and implementation because they began to move more into auditing their clients, and has since audited several of the world’s largest companies. In 2002, PwC’s auditing branch spun off into a separate entity and became part of IBM Global Business Services.
PricewaterhouseCoopers now offers professional services such as assurance, tax advisory – including international tax planning and compliance with local laws, advisory- consulting on strategy, business performance improvement, corporate finance and accountancy and more.
An interesting fact about PricewaterhouseCoopers is, they serve the United States Federal Government through the public sector practice and they have over 200 people situated in the Washington area.
PricewaterhouseCoopers is structured as a limited liability partnership (LLP), which means the firm is made up of member firms that run autonomously within their local area. Senior partners from each member firm sits on a global board and answers to the parent company of PricewaterhouseCoopers International Limited, which is based in the United Kingdom.
One of the auditing services that PwC provides is for the Academy of Motion Pictures Arts and Sciences, since it verifies and tabulates the votes for the Academy Awards and has done so since 1934.
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The Big 4 actually refers to the largest accounting firms in the world. All four of these firms offer extensive accounting services including taxation, management, business consultancy, accounting and auditing, and risk management. They employ a massive amount of accountants and auditors around the world and the top people within these firms include the following.
In each country, Deloitte has an executive team who oversees the operation of the company within that country. In the United States the CEO is Joe Echevarria who joined the firm in 1978 and became an audit partner in 1988. The company’s chairman of the board is Punit Renjen who has held numerous leadership roles within Deloitte. Canada’s Managing Partner and Chief Executive is Frank Vettese, while the United Kingdom’s Senior Partner and Chief Executive is David Sproul.
Pricewaterhouse Coopers employs 170,000 people in 154 countries. It was formed when two large accounting firms Price Waterhouse and Coopers & Lybrand merged in 1998. In Canada, the CEO and Senior Partner is Bill McFarland and the Managing Partner is Gino Scapillati. In the United States, the Chairman and Senior Partner is Robert E. Moritz and the Chairman of PwC International is Dennis M Nally.
Ernst & Young
In 1989, Ernst & Whinney merged with Arthur Young to form Ernst & Young, an international organization with offices in over 140 countries. The CEO in the Canadian office is James S. Turley while the Chairman is Trent Henry. AMP (Area Managing Partner) Americas is Steve Howe Jr. The Pacific region has Lou Pagnutti and Japan Has Yoshitaka Kato. In the United Kingdom, Steve Varley holds the Chairman and Managing Partner position, while Robin Tye holds the Chief Operating Officer position.
Klynveld Peat Marwick Goerdeler (KPMG)
KPMG is an international network of accounting firms which provide tax, advisory roles, audit and industry specific services. The company operates in over 140 countries around the world and was formed in 1987 after a merger of Peat Marwick International and Klynveld Goerdeler. The top executives include Chairman Michael Andrew, Deputy Chairman, Alan Buckle and for the America’s region, Chairman John Veilmeyer. For Europe, Middle East, Asia and India, you have Chairman Rolf Nonnenmacher and Jean-Luc Decornoy and for Asia Pacific region, the Chairman is Hideyo Uchiyama.
While there are many more international executive teams to be listed, you get an idea of how large these companies are and the enormous responsibility of the executive teams.
Tags: auditing firms, Big 4
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When you do business with Deloitte you’re dealing with a company with firm roots and many fruitful branches. Deloitte proudly ranks as one of the Big Four professional services powerhouses today alongside other well-known companies such as Pricewaterhousecoopers, Ernst & Young, and KPMG.
By revenue Deloitte ranks second in the world and also has over 150,000 employees and associates in over 150 countries. The original parent firm is a UK based company which evolved from an earlier partnership of two well-known accounting firms. The present day firm is international with global headquarters in New York City, it is very much multifaceted and also known as Deloitte Touche Tohmatsu (AKA: “DTT”).
The beginnings of the Deloitte accountancy firm go back to William Welch Deloitte in England of 1854 who founded his company at the very young ago of only 25 and with only one client, the national railway of the day. Already, at this very young age, Mr. Deloitte was showing his leadership and professional commitment.
Showing the international vision that is still characteristic of the company today, Mr. Deloitte expanded his firm to the US in 1893 where he soon acquired as a client the company later to become known as Proctor and Gamble.
About this same time another giant in the accountancy profession was arriving on the scene…George Touch in England. Mr. Touch became an accountant in Edinburgh in 1883 and by 1899 his firm and reputation had grown substantially.
He had added the ‘e’ to the end of his name because he was tired of people mispronouncing it, and he had formed the firm George A. Touche. In 1900 he took a partner, John Niven and opened the firm Touche Niven in New York City which later spread all across the US.
Much later, across the Pacific in the emerging industrial giant of Japan, the Japanese accounting firm of Tomatsu was established by Japanese Navy Admiral Nobuzo Tohmatsu with the help of one of his former students, Iwao Tomita. In 1975 this firm became part of the associated network of companies known as Deloitte, Touche, Tohmatsu.
The brand name of “Deloitte” today is actually a world-wide consortium of like-minded, independent professionals specializing primarily in auditing, consulting, financial advice, tax matters and risk management….all operating under the umbrella of Deloitte, Touch, Tohmatsu Ltd., also referred to as DTTL, registered in the UK as a private company limited by guarantee.
Each member firm is stringently vetted before being admitted into the umbrella organization but operates under their local laws and best-practices. They are directly responsible to their clients for their work and bring a wealth of local expertise to their clients whether those clients be local, regional or international.
The advantage of dealing with DTTL is their diversity of strength from having multiple members often even in the same country. This means that no matter what the client needs in the way of industry familiarization, professional specialty or geographical proximity…they’ve got it. This insight and innovation mean that DTTL can help clients excel anywhere in the world they want to do business.
DTTL places strong emphasis on quality service as especially evident in their auditing function wherein they are ever mindful of the public trust bestowed up them. DTTL feels very strongly that professional competence should go hand-in-hand with professional integrity in everything they do both within and without the organization.
Even though DTTL’s history goes back almost 100 years, they are very much aware of their opportunity and responsibility to ‘give back’ to the community. For that reason, they established The Deloitte Foundation which leads two community programs that support over 20,000 disabled young people with sporting activities and help teach them valuable skills for employment.
In order to promote professionalism and best-practices within the accounting community at large, DTTL established The Deloitte Academy which assists corporate and Board level executives in applying quantitative decision making skills relative to asset management within their areas of responsibility.
This is but a brief overview of Deloitte, Touche, Tohmatsu, Ltd. Wherever you are and whatever your consultancy issue or problem, DTTL is ready and willing to discuss your needs and to serve you.
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Anyone entering the accounting or tax field is going to know who the Big 4 are when it comes to auditing. But for those who may not quite be in the know they are as follows: PricewaterhouseCoopers, Deloitte Touche Tohmatsu Limited (better known as Deloitte), Ernst & Young and KPMG. While we can’t exactly give you the differences between them in terms of employment, we can provide you with a brief overview of each company.
PricewaterhouseCoopers. Based in London, England it is the largest auditing firm in the world, dwarfing the others in the Big 4 in terms of size. There is literally not a spot on the planet in which PricewaterhouseCoopers does not have a presence. Indeed, they are in over 150 countries and close to 800 cities. The two firms, Price Waterhouse and Coopers & Lybrand which make up PricewaterhouseCoopers have their roots all the way back to the 19th century.
Deloitte. Headquartered in New York City, they are second only to PricewaterhouseCoopers in terms of revenue, but not by much. Like PwC, they are in over 150 nations and employ between 190,000 and 200,000 people in a variety of services such as financial advisory, enterprise risk, and various forms of consulting, taxes and of course auditing.
Ernst & Young. Number three among the Big 4 and like PricewaterhouseCoopers, based in London, Ernst & Young has offices in over 140 countries. What they basically are is an organization of member firms. All of the Big 4 have grown to be to where they are by virtue of mergers, but none more so than Ernst & Young. Although, as mentioned above they are London-based, they are, according to Forbes magazine, the 8th largest private company in the United States.
KPMG. They may be the fourth among the top auditing firms, but make no mistake about it, KPMG is by no means a small company, as evidenced by the fact that they have close to 150,000 employees. Their services basically cover three lines, those being advisory, tax and audit. However, their advisory services consist of three categories as well. They are Transactions & Restructuring, Risk Consulting and Management Consulting.
You can clearly see that there is good reason for curiosity about these companies by those looking to enter the tax and accounting profession. There are job opportunities galore with these firms. And if one is good at what they do they can pull down a very good living working for one of the Big 4.
Tags: auditing firms, Big 4
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International accountancy firm Mazars is delighted to announce that VAT specialist Vincent McCullagh has joined its tax practice as a Partner.
Previously a Director with Deloitte Ireland, Vinny has over 12 years experience in VAT, having worked extensively in the UK and Ireland. His particular areas of expertise lie in financial services, VAT issues facing the multi- national and indigenous listed sector, and VAT on property. He has written and presented widely on indirect tax and is the author of VAT on Property, the leading text on Irish VAT on property.
Mazars’ National Head of Tax Tim Davies says: “I’m delighted to welcome Vinny on board. He has accomplished a great deal in his career to date and I have no doubt he will prove a major asset to the team, and to our clients.”
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PricewaterhouseCoopers has announced that from 1 February 2012 one of the most respected tax experts in Poland, Janusz Fiszer, has joined the partnership.
Dr. Fiszer is a legal advisor and tax advisor, a graduate of Warsaw University Faculty of Law and Doctor of Law.
Prior to joining PwC, Dr. Fiszer served as a partner in the international law firm White & Case.
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