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Community News

PWC Lands High Profile Client Advisor

Bill Archer, former chairman of the House Ways & Means Committee and Texas Congressman for the past thirty years, has joined PricewaterhouseCoopers as a senior policy advisor. Archer will provide advice to the firm's clients on Federal policy matters and will also focus on trade and international tax issues. He will work with the firm's international offices and global clients on a wide variety of issues facing multinational corporations.Archer will be based in Washington, DC in the firm's Washington National Tax Services (WNTS) practice.
A&A

Providing Financial Services - Avoiding The Ten Traps

A few years ago, one of my clients decided to get into the lucrative business of financial services. After all, financial services companies have been competing with CPAs in the accounting and tax business for years. Partners selected one owner to become the financial services “guru” for the firm.
Community News

Accounting Issues in Government Contracting, with Ron Crowe

Accounting Issues in Government ContractingPresented by Ron Crowe of DeltekJanuary 18, 2001Visit the AccountingWEB Workshop Calendar for upcoming sessions.Summary"Accounting Issues in Government Contracting" addressed these points and more: Tracking of costs according to federal government requirements Differences from standard cost accounting Contractor accou
Community News

Veteran Consultant Don Istvan Has Died

Donald Istvan, a consultant to the accounting profession for many years, has died at age 69 at his home in Barrington, Illinois.Born August 15, 1931 in Cleveland, Ohio, he passed away Friday, January 5, 2001 at home. From 1972-1992, Don was a professor at the DePaul University School of Accountancy who taught the basics of accounting to first-year students. He was also President of D.F. Istvan Associates, Inc., a consulting company, until his retirement in 1995.
Community News

McGladrey Joins Forces with Morgan Keegan

RSM McGladrey, Inc., a national accounting, tax and consulting firm, and Morgan Keegan & Company, Inc., a leading investment firm, have announced a strategic alliance to serve the business advice and financial services needs of community banks."We serve approximately 1,000 community banks nationwide," said Jim Koltveit, executive vice president of RSM McGladrey's Financial Institutions Group.
Community News

PricewaterhouseCoopers to Cut 400 Consultants

PricewaterhouseCoopers is cutting 400 consultants working in the firm's US management consulting services division. A PwC spokesperson said that people have been notified throughout the month as the firm tries to match the skills of its workers with the needs of its clients."We don't see this as a cost-cutting measure," she said. PwC is aggressively recruiting consultants, she added, but with a focus on those with skills in customer relationship management and the e-marketplace. The firm is trying to recruit up to 3,000 e-business consultants over the next few months.
Community News

A New Era of Accountability-Winning the Talent War for Women

A few years ago, Deloitte & Touche took a good hard look at its efforts to retain and advance talented women professionals. They were recruiting nearly as many women as men, but they experienced a much higher turnover rate for women. They realized that many of the women left due to a lack of advancement opportunities in the male-dominated environment. The firm decided to hold an intensive workshop for over 5,000 of its U.S. managers to discuss the subtle gender-based assumptions many of the women experienced.
Community News

H&R Block Launches $1 Million Promotion

H&R Block, the world's leading tax preparation firm, this week unveiled the H&R Block Million Dollar Giveaway promotion. Anyone who before April 15, 2001, uses H&R Block's tax services - in office, software or online - or the company's mortgage and financial services will automatically be entered into a drawing to win $1 million. "We've got a million reasons why doing business with Block is a smart choice this year," said Mark A. Ernst, H&R Block's president and chief executive officer.
Technology

PCPS 2000 Member Survey - Top MAP Issues

Partnering for CPA Practice Success (PCPS) has just received the results from its 2000 Member Survey. The survey was distributed to the full PCPS membership — about 6,500 firms.The goal of the survey was to gather information about management and practice issues facing firms in the profession.
Community News

KPMG Consulting Moves Forward with IPO Plans

KPMG Consulting LLP is continuing its move in the direction of an initial public offering planned for early in 2001. The firm recently amended its SEC filing to include a price estimate on its shares.The offering will net KPMG Consulting something in excess of $2 billion. Some of the proceeds will be used to repurchase stock from Cisco Systems which has decided to divest itself about half of its 19.9% holdings in KPMG Consuting.Upon completion of the IPO, parent company KPMG LLP will be left with ownership of approximately 20% of the consultancy.
Community News

KPMG Reports 11% Growth

Worldwide revenues for KPMG grew by 11% to $13.5 billion for the year ended September 30, 2000, the Big Five firm has reported.KPMG chairman Stephen Butler highlighted the "record results and profitability" for the year, and noted how the firm "has stronger geographic balance than the rest of the industry, which has a greater concentration of revenue in the United States." "Consulting services grew 11% this year to $3.9 billion; Tax and legal services climbed 16% to $2.9 billion; Assurance services grew by 8%, to
Community News

A New Recipe for the CPA Profession, With Richard Savich, PhD

A New Recipe for the CPA ProfessionPresented by: Dick Savich, PhD, CPA,President of ABKO ConsultingTuesday, January 94:00 - 5:00 p.m., Eastern TimeVisit the AccountingWEB Workshop Calendar for upcoming workshop sessions.Summary Richard Savich presented a live, interactive workshop focusing on the future of the accounting profession and the role consulting will play.
Community News

PricewaterhouseCoopers to Cut Partners

Big 5 firm PricewaterhouseCoopers is to axe one in ten partners as part of cost-cutting measures, according to reports in the British newspaper, the Sunday Times. The alleged staff cuts come after the PwC's failure to sell off its consultancy arm to Hewlett-Packard in November, and could form part of the firm's current restructuring plans.
Community News

Deloitte on Path to Success

Revenue growth at Deloitte Touche Tohmatsu has fallen to 14.1% - down from the 21% figure achieved for the last financial year, but marking seven consecutive years of growth. Annual global revenue reached $11.2 billion for the new year-end of May 31, 2000 - previously, the firm's fiscal year closed on August 31. Revenue from the firm's practice grew 15.4% and the consulting arm was up 11%. The Big Five firm also announced that it was determined to keep its consultancy business.
Community News

Midwest Accounting Firms Combine Forces

The certified public accounting and consulting firms of Virchow Krause and Lund Koehler Cox & Arkema have announced their merger. The merger provides the Twin Cities area with the resources of a large regional firm with strong local ties. The merger is effective January 1, 2001.Virchow Krause (VK) is the largest CPA firm in Wisconsin, and the 16th largest firm in the country, according to Public Accounting Report, a leading industry newsletter. The firm has 90 partners, and over 900 total staff. The merger will add 175 people including 28 partners in the Twin Cities.
Community News

KPMG Survey Shows Consumers Value Customer Service

Online or in person, customer service reigns supreme over low prices and even speed of shopping, according to a new survey conducted by KPMG and the Indiana University Kelley School of Business.The survey is called "Creating the Ideal Shopping Experience: What Consumers Want in the Physical and Virtual Store."When asked about their ideal shopping experience, approximately 40 percent of the 2,120 consumers polled reported that access to knowledgeable, helpful and courteous salespeople is the key attribute when shopping for major appliances, furniture and
Community News

Happy Birthday, Accenture!

Renamed. Redefined. Reborn. 01/01/01.It's official! Effective 1/1/01 Andersen Consulting is now just a memory and Accenture is alive and well.
A&A

Study Reveals Accountants Want Job Flexibility, Training

A Kelly Financial Resources study reveals that finance and accounting professionals across the nation prefer flexible schedules or working as project consultants to the traditional workday.The study was the result of a survey of more than 1,000 finance and accounting professionals. Many of those surveyed indicated a plan to become self-employed or a business owner. The study noted that despite job satisfaction, loyalty and above-average incomes, financial workers are looking for some kind of change.
Community News

Former Andersen Auditor Made Same Mistake Twice

AccountingWEB ran a story earlier this month regarding the failed Baptist Foundation of Arizona audit by Arthur Andersen.It now has been discovered that the auditor, Jay Ozer, also was involved in a failed audit 10 years ago with Lincoln Savings & Loan, The Arizona Republic reports that it obtained the investigative report from the Attorney General's office that provided details on Ozer.According to the state of Arizona's Attorney Genera
Community News

How the Internet is Changing the Practice of Accounting, with Michael Platt

How the Internet is Changing the Practice of AccountingPresented by: Michael PlattCEO of AccountingWEBVisit the AccountingWEB Workshop Calendar for upcoming workshop sessions.

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