Consulting

Community News

Short-Term Needs Solved with KPMG 'On-Call Advantage'

Executives with short-term consulting needs may now tap into KPMG's newest effort at providing immediate solutions.Termed 'On-Call Advantage,' KPMG styled this program to provide outsourcing services for a variety of business and management tasks, and is using this outsourcing technique as a way of keeping clients' overhead at a minimum.The activities that fall under the umbrella of this new consulting program include finance and accounting outsourcing, policy and procedure manual preparation, restructuring assistance, consultation on executive compensat
A&A

National Network of Accountants Founder Honored

Joe Tucciarone, CFP, founder of the National Network of Accountants, Woodbury, New York has been named as one of Accounting Today's Top professionals in financial planning. The list, compiled annually by Accounting Today, one of the nation's leading publications for the accounting profession, was released in May. The list consists of leaders and practitioners in the financial planning and accounting fields that have influenced CPA involvement in personal financial planning sector. "I am very honored to be recognized by Accounting Today.
Practice Management

Dot.coms Paving Way for New Type of Executive

Corporate America has always welcomed the experienced decision-maker who can take a new task, assess the situation quickly, find the problems and weaknesses, and make lemonade out of what appears to be a lemon.Today's climate of Internet and technology start-up companies is providing a ripe field for the savvy executive to harvest. New companies spring up every day, able to "open the doors" of business by simply creating a web presence.

Restructure at Cap Gemini Follows EY Acquisition

Cap Gemini has announced its plans to restructure its operations based on the recent acquisition of the Ernst & Young Consulting Group.First on the table is a new brand for the European company, and will most likely be a hybrid of both company names. However, the new name only can be used for four years under the rights in the agreement.Also being changed is the company's governance structure, moving from a four-man directorate and a supervisory committee to a board of 11 members, including directors and an executive committee.
Community News

National Law Journal Features new CPA Column

Earlier this week, AccountingWeb published a story regarding the overwhelming number of lawyers working in CPA firms.The media also recognizes this trend, and beginning next week, the National Law Journal will begin a new column devoted to accounting-related issues within the Big 5 firms.The column will include information on the Big 5 firms and how lawyers affect the practice of law and accounting.
Community News

Is Cap Gemini Really Ahead When it Acquires EY's Tech Practice?

Cap Gemini today received the approval of the European Commission to purchase Ernst & Young's Ernst & Young's Global Consulting and IT activities.While analysts previously have predicted that this step moves the European giant one step further in strengthening its consulting services across Europe, the Commission disagreed.Instead, the Commission stated that technological innovations will become more important than who actually 'owns' the business, and that the market will remain fragmented because innovations are hap
Technology

Andersen Consulting Revs up for Site Services

Tenneco Automotive has engaged Andersen Consulting's Automotive, Industrial and Transportation group to provide consulting services to design and build a new customer service Web site.The site is designed to provide after-market sales and service to customers seeking industrial automotive equipment, such as ride control, and exhaust systems' products.Putting the power of the Internet in their hands, customers can order and track any orders placed at the Tenneco site.

ConvergenceCoaching Formed to Service CPA/IT Orgs

Marrying the CPA and IT function isn't an easy task given the tremendous number of opportunities and knowledge each profession owns just on its own.However, a new company called ConvergenceCoaching seeks to join the two functions together by providing strategic and tactical planning services designed to increase the bottom line.The company is co-founded by Jim Metzler, CPA, a partner with Gaines, Metzler, Kriner & Co. in Buffalo, NY, and Jennifer Wilson, principal of Success Strategists, based in Omaha, NE.
Community News

BDO Spins Off Consulting Division

BDO Seidman has announced that it will spin off its Business & Technology Solutions consulting practice into a separate company, named Wavebend Solutions, LLC.The consulting practice was launched by BDO Seidman five years ago, and has exhibited strong and steady growth in the ensuing years.Spokesmen for BDO indicate that the move will allow the consulting practice to continue its strong growth in today's environment, which has recently been hit with a wave of spin-offs of consulting businesses from traditional accounting firms.
Community News

KPMG Consulting Files for $1 Billion IPO

In yet another effort to capture a larger piece of the pie, another Big 5 consulting firm has made the news, this time by filing for a $1 billion IPO.The firm is KPMG Consulting, Inc., whose main gig is to help companies with their Web strategies. The money gained from shares of stock will be used by the firm to provide working capital, repurchase preferred stock and repay outstanding debt.The venture is being financed by Wall Street giant Morgan Stanley Dean Witter. KPMG Consulting is based in McLean, VA.
Community News

Final Big 5 Holdout may Need to Restructure

Less than three months ago, the Public Accounting Report published an article indicating that Big 5 accounting firm Deloitte & Touche was "bucking the trend" of restructuring and insisted that it would keep its "full service" image available to clients.However, in an article in the Financial Times this week, Jim Copeland, CEO of Deloitte Touche Tohmatsu has indicated that increasing pressure from regulators might force the Big 5 firm to consider restructuring, eliminating the ability to offer both
Tax

Accomplished Author, Tax Expert Joins AccountingWEB, Inc.

AccountingWEB, Inc. is pleased to announce the addition of Gail Perry to its team. Perry is a CPA, tax specialist, author, speaker and instructor. Her column, “Fun With Taxes,” provides readers with practical tax insights and advice presented in plain English with a touch of humor.

ICIMC Rolls Out New Academy

The Institute for Certified Investment Management Consultants (ICIMC) recently formed The American Academy of Professional Investment Consultants(SM). The goal of The Academy is to provide education and training for investment consultants who want to learn how to operate their financial advisory practices as profitable businesses and attract more clients. The ICIMC believes The Academy is different because the education offering goes beyond traditional skills and actually focuses on Practice Management issues.
Technology

Justification for Technology Projects

Written by Tom C. Davis, CPA -Davis Nichols and Associates (reprinted with permission)There is good news and bad news for accounting firms. Business has been great. The economy has been excellent and looks to remain good for the foreseeable future. Clients are requesting more services and there are many opportunities to offer new services to new and existing clients. The bad news is that staffing resource is in short supply.
Technology

Integrated Process Model Increases Efficiency By 50 Percent

The guys over at PricewaterhouseCoopers have just teamed up with the folks at Micrografx.com to jointly offer a process modeling software that will increase efficiency by as much as 50 percent.The Micrografx software, iGrafx Process with iGrafx IDEFO, will work with PwC’s Performance Improvement Approach, Ascendent (TM) PI.

AICPA's SysTrust Offers IS Solutions

In the very near future, CPAs may be able to verify and test a computer system's reliability, based on four principles of availability, security, integrity and maintainability. This offering is available through the AICPA’s SysTrust, jointly developed by the AICPA and the Canadian Institute of Chartered Accountants (CICA).SysTrust could possibly be a solution to protect information systems for the Critical Infrastructure Assurance Office of the U.S. Department of Commerce.
Technology

Four Prominent Consultants Join Forces

Four of the most experienced and knowledgeable consultants in the accounting and financial services industry have joined forces in a collaborative new venture called The Advisory Board.Founding members of The Advisory Board include:L. Gary Boomer, CPA, CEO of Boomer Consulting in Manhattan, Kansas, email: lgboomer@boomer.comAllan D.

It's 'Elementary' for PWC

PricewaterhouseCoopers and SchoolMatch have just signed an agreement to offer joint consulting services to elementary and secondary schools across the United States.Hot on the list of districts and systems is how each one matches up against the other in terms of test scores, demographics, and other social and economic factors.

Finally, "Value Added" Makes Sense!

The AccountingWEB community is grateful to Sylvia Pate, principal at QuickSilver Consulting, for leading a workshop on adding value to client services, and creating a REAL DEFINITION of "Value Added" in a way that we can all understand, communicate and measure.First, let's look at the Value Equation: the framework to make value-add decisions for your clients and firm.The Value Equation

Tools To Develop Winning Sales Proposals

Bob Kantin, President of SalesProposals.com, a sales and marketing consulting firm in Dallas, presented a workshop for AccountingWEB this week on writing winning proposals.Some key points that were covered:Understanding the difference between transaction sales and complex salesWhen to use a boilerplate proposal and when to develop a strategic proposalConnecting the consultative sales process with the proposal development process

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