Deloitte warns of heightened going concern risks as pandemic rumbles on November 10, 2020 Big four audit giant Deloitte has warned there is likely to be more reporting of uncertainties relating to going concern as unpredictability surrounding the pandemic continues. Deloitte audit partner Ann Aspinall told City A.M. that as uncertainties around the pandemic continue and as the economic environment becomes more challenging, “there is likely to be an [...]
Covid-19 deals €2bn blow to world’s leading football clubs, says Deloitte January 26, 2021 The world’s 20 richest clubs will lose €2bn in revenue due to Covid-19, says Deloitte’s latest Football Money League report. Those teams have already seen income fall €1.1bn to €8.2bn in 2019-20 and Deloitte predicts a similar effect in 2020-21. Football clubs have lost significant revenue from matchday activity and broadcast rights payments during the [...]
KPMG slashes bonuses again as dealmaking fees dry up November 10, 2023 KPMG has slashed bonuses for its UK deals team again in the latest sign of the strains facing the firm after a drop off in fees this year, City A.M. has learned.
The Premier League £2.36bn club: £228m worth of signings score at weekend September 4, 2023 Summer signings with a value of £228m scored goals at the weekend as the Premier League returned for the first round of games since the transfer window closed on 1 September. Declan Rice (£105m), Dominik Szoboszlai (£60m) and James Maddison (£40m) were among the five goal scorers who had changed clubs this summer. The 20 [...]
Deloitte China whistleblower circulates damning presentation on social media that alleges audit failures of RYB Education February 5, 2021 Big Four firm Deloitte is under pressure after one of its employees reportedly made a 55-page PowerPoint presentation that exposed the firm’s alleged accounting violations in China. The PowerPoint, which has been circulating on Weibo, a Chinese website similar to Twitter, has alleged that when Deloitte was auditing the financial data of its client RYB [...]
Vodafone makes first steps in digital health care space October 22, 2021 Vodafone launches their very first Centre for Health with Deloitte, which brings together 'connected health solutions and health care consulting.'
Public sector spending on consultants hits record high despite efforts to cut August 23, 2024 Public sector spending on management consultants has ballooned to a near-record high this year despite efforts to cut reliance on the expensive sector. Fees to consultants from central government, local authorities and other departments swelled to an estimated £3.4bn in the last fiscal year between 2023 and 2024, a rise of 12 per cent on [...]
Deloitte handed PPE contract 4 months after it started work November 18, 2020 The Cabinet Office awarded a £3.2m contract to big four auditor Deloitte to help procure personal protective equipment (PPE), four months after it had started working with the government. According to a critical report from the National Audit Office (NAO), Deloitte was handed the multi-million pound contract on 21 July 2020, with the contract effective [...]
Why we should be cautious about rising business confidence April 30, 2024 A number of surveys have said that business confidence in the UK is on the up and the economy is set to rebound. But dig a little deeper, the news might not quite be as rosy as it sounds, Chris Dorrell writes
Don’t switch off yet: TV’s ‘water cooler moments’ and 150m subscriptions cancelled in 2022 December 1, 2021 The technology, media and telecommunications (TMT) practice at Deloitte, has today announced its predictions for the sector in 2022, which includes gaming, wearable devices and TV streaming.