Deloitte to pay $34mn over audit work on US nuclear fiasco
Former shareholders in South Carolina utility said firm failed to spot red flags and allowed management to hide mounting issues
www.ft.com/content/f9fc...
@stephenfoleyft.bsky.social
US accounting editor, Financial Times www.ft.com/stephen-foley
Deloitte to pay $34mn over audit work on US nuclear fiasco
Former shareholders in South Carolina utility said firm failed to spot red flags and allowed management to hide mounting issues
www.ft.com/content/f9fc...
The secretive First Brands founder, his $12bn debt and the future of private credit
www.ft.com/content/8373...
The Children’s Investment Fund Foundation (CIFF) said it was pausing donations until authorities clarified the “applicable laws and rules” related to the foreign funding of US NGOs.
www.ft.com/content/b87f...
EY narrows US leadership race to three candidates on.ft.com/3IVouKi
06.10.2025 19:35 — 👍 7 🔁 1 💬 0 📌 0“The future of consulting is going to be a hybrid of people plus software — like, a lot of software.”
Consultancies must become software companies to survive AI boom, says IBM executive
www.ft.com/content/8535...
Big 4 getting a reprieve on both sides of the Atlantic, it seems.
www.ft.com/content/e0ce...
Deloitte’s global revenue growth picks up despite sluggish performance in Europe www.ft.com/content/77f7...
01.10.2025 00:23 — 👍 1 🔁 0 💬 0 📌 0Deloitte’s UK business just reported its first decline in annual revenue in 15 years, but partner payouts increased as the firm cut costs.
www.ft.com/content/d3aa...
Grant Thornton’s private equity-backed US business has agreed to buy sister firms in France, Spain and Belgium, dealing a blow to its UK rival in their battle to consolidate the world’s seventh largest accounting network.
www.ft.com/content/63fa...
“We are exiting on a compressed timeline people where reskilling, based on our experience, is not a viable path for the skills we need.”
$ACN
Accenture cuts workforce by 11,000, targets staff that cannot be retrained for age of AI
www.ft.com/content/a74f...
BCG to train staff on ‘humanitarian principles’ after Gaza outcry www.ft.com/content/a02f...
18.09.2025 11:54 — 👍 4 🔁 1 💬 0 📌 0"Make IPOs great again." And make the plaintiffs bar sweat.
SEC allows public companies to block investors from class-action lawsuits.
www.ft.com/content/5a41...
PwC’s Middle Eastern growth engine has stalled, according to figures just out in the UK
www.ft.com/content/4846...
"Aspiration’s failure is the result of loose underwriting standards colliding with the celebrity affinity for social justice efforts, creating conditions for a financial debacle."
Story by @sindap.bsky.social
www.ft.com/content/ec3e...
Grant Thornton Germany picks UK over US as accounting network consolidation accelerates
www.ft.com/content/4f44...
"When people talk about decline in this country, this article is what they mean."
⬆️Most recommended comment on this piece by @robarmstrong.bsky.social, in which he argues it's time to consider shorts in the office
www.ft.com/content/183d...
Meanwhile, over in the UK…
Traffic-light’ dashboard lets PwC monitor office attendance ft.com/content/0aa1...
Bain & Co shuts South Africa consulting business after corruption scandal www.ft.com/content/cdbd...
29.07.2025 10:58 — 👍 3 🔁 2 💬 0 📌 0McKinsey bars China practice from generative AI work amid geopolitical tensions.
www.ft.com/content/9907...
BREAKING: Public Company Accounting Oversight Board (PCAOB) chair Erica Williams is OUT. Paul Atkins, chair of the Securities and Exchange Commission, asked her to resign and her last day will be July 22.
www.ft.com/content/8167...
Inspired by FT commenter Cassandrama
www.ft.com/content/aa27...
The Netherlands this time.
Big Four firms fined in new exam cheating scandal www.ft.com/content/aa27...
Have questions on the market, inflation or the 'Taco trade'? Unhedged's Robert Armstrong wants to hear from you.
Join him on Reddit today for an 'Ask Me Anything': on.ft.com/44snQMc
PCAOB and CFPB also reprieved. Story above is w/ @kateduguid.bsky.social & Stefania Palma
20.06.2025 18:37 — 👍 0 🔁 0 💬 0 📌 0Did the Senate parliamentarian just save the credit markets?
She's nixed a 'big beautiful bill' measure that would have defunded the Office of Financial Research. Its data underpins SOFR, the interest rate used for $$trillions of debt.
So, phew, I guess.
www.ft.com/content/f577...
BCG pitched to UNRWA before helping rival Gaza aid plan www.ft.com/content/d5fe...
18.06.2025 12:48 — 👍 2 🔁 1 💬 0 📌 0ABundance Agenda?
Era of Bund scarcity is over, says German debt chief
www.ft.com/content/9765...
Accountants and lawyers team up to fight Trump tax provision www.ft.com/content/9395...
15.06.2025 13:48 — 👍 0 🔁 0 💬 0 📌 0Former McKinsey partner jailed for deleting emails on US opioid work www.ft.com/content/5e76...
22.05.2025 23:04 — 👍 2 🔁 0 💬 0 📌 1