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

Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.