Deloitte Touche Tohmatsu Ltd

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Deloitte is the brand under which tens of thousands of professionals in firms worldwide collaborate to provide audit, consulting, financial advisory, risk management, tax, and related services to select clients. These firms are members of Deloitte Touche Tohmatsu Ltd, a privately-held UK company. Each member firm provides services in particular geographic areas. ref

Brexit: EU sanctions hinder international financing of Russian companies. Some corporations eg. Deloitte might not like this. Deloitte's Investment Guide to the Republic of Bashkortostan, via Facts Central

Dept-for-BEIS-Financial-Reporting-Council.svg Financial Reporting Council's Audit Quality:[1]

Corporate Political Engagement Rating:[2] Transparency International    D  

Company

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Deliotte LLP,OC UK affiliate of Deloitte NSE LLP,OC a member of privately-held Deloitte Touche Tohmatsu Ltd.OC

Articles

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  • Aug.12.2020: Deloitte gets another huge COVID contract – for ‘crazy’ plan to test millions each day. Operation Moonshot could be the biggest NHS privatisation in history, and civil servants are shaking their heads in disbelief. Labour MP Clive Lewis asked: “Why not give the contract to the NHS? It’s too easy to get the impression that this govt will hand out contracts to whoever happens to be mates with the right minister.” Adam Ramsay, Seth Thévoz, openDemocracy.
  • Sept.13.2018: Deloitte sued over failed caravan park group. Allegations that Barclays exerted “informal control” over insolvency practitioners and their legal advisers during the winding down of a family-run caravan park company will be examined in a High Court claim. Legal documents allege that the administrator to Arthur Holgate & Son and its lawyers failed to act independently during the process to shut down the business, which was placed into administration by Barclays in 2012. The documents, filed by Holgate, say that lawyers appointed by Deloitte, the administrator of the caravan park, had “served the bank’s interests”. Alister Jack, MP for Dumfries and Galloway, said in May that lawyers and accountants had “colluded” with banks to put companies out of business. Tabby Kinder, The Times.
  • Feb.13.2018: Carillion: accountants accused of 'feasting' on company. MPs have accused the “big four” accountancy firms of “feasting on what was soon to become a carcass” as it emerged they banked £72m for work linked to collapsed govt contractor Carillion in the years leading up to its financial failure. KPMG, Deloitte, EY, PricewaterhouseCoopers (PwC). Frank Field, chair of the Work and Pensions Committee, highlighted the benefits enjoyed by the accounting profession from work performed for Carillion. He said the fact that PwC was the only major firm that did not have a conflict of interest preventing it from administering Carillion’s liquidation showed the industry was an “oligopoly”. Three of Carillion’s former finance directors had also worked for big four accountancy firms, two of them at KPMG. KPMG chairman and senior partner Bill Michael. Rob Davies, The Guardian.

References

  1. ^ Watchdog set to publish audit grades. This year PwC, Deloitte, KPMG, EY, Grant Thornton, BDO and Mazars failed to meet the Financial Reporting Council’s quality target for FTSE 350 companies. The FRC requires that 90% of inspected audits should be classified as good or requiring no more than limited improvements. Louisa Clarence-Smith, The Times, Nov.06.2019.
  2. ^ Corporate Political Engagement Index 2018. The new index of 104 multi-national companies, many of whom regularly meet with govt, has found nearly 75% are failing to adequately disclose how they engage with politicians. Only one company received the highest grade, with the average grade being "E" – representing poor standards in transparency. Transparency International UK, Nov.2018.