Deloitte Won't Split

Quashing rumors to the contrary, Big Five accounting firm Deloitte & Touche publicly announced its intention to keep the entire firm intact. Discussion about selling the firm's consultancy unit flared in the light of such dissolutions in the other members of the Big Five Pack.

In the past year, Ernst & Young, KMPG, and Andersen have all participated in splits and reorganizations of their consultancy practices, while PricewaterhouseCoopers has made it plain they are interested in following the same path.

Not so with Deloitte, according to James Copeland, Deloitte's chief executive. "Strategically it makes no sense."

While holding firm on unity for the present, Mr. Copeland has not shut the door to separation opportunities in the future: "We always are constantly reviewing our strategies, but would have no interest in doing it right now."

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Upcoming CPE Webinars

Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.