Deloitte

DolphinTales

What's the story with Deloitte getting on the news for taking on trainees? Will PwC, KPMG and E & Y be following suit with big announcements???

Don't the bigger firms take on trainees every year? Hardly "creating" jobs because presume they are letting people off who are out of contract.

Pisco Sour

DolphinTales wrote: »

What's the story with Deloitte getting on the news for taking on trainees? Will PwC, KPMG and E & Y be following suit with big announcements???

Don't the bigger firms take on trainees every year? Hardly "creating" jobs because presume they are letting people off who are out of contract.

PR Stunt

"Deloitte announced today that it will be creating 250 new jobs this Autumn. In an announcement earlier today a spokesman said "we at Deloitte are committed to helping our country get out of the hole that it is in. We believe in investing in the future business leaders of this country". Deloitte plans to start taking on new staff in September of this year."

Thats the type of crap that people who know nothing about the accountancy profession would believe and Deloitte would be seen in a positive light. I'm sure there was no mention of the fact that they take on the same amount of people each year and a similar amount of people leave or contracts aren't renewed, so they are hardly creating jobs, just fooling the public into thinking so.

Thats my 2 cents anyway.

jonnybravo

04072511 wrote: »

PR Stunt

"Deloitte announced today that it will be creating 250 new jobs this Autumn. In an announcement earlier today a spokesman said "we at Deloitte are committed to helping our country get out of the hole that it is in. We believe in investing in the future business leaders of this country". Deloitte plans to start taking on new staff in September of this year."

Thats the type of crap that people who know nothing about the accountancy profession would believe and Deloitte would be seen in a positive light. I'm sure there was no mention of the fact that they take on the same amount of people each year and a similar amount of people leave or contracts aren't renewed, so they are hardly creating jobs, just fooling the public into thinking so.

Thats my 2 cents anyway.

Ditto I thought the exact same - roll on the other big 4 with the same know and they'll be ques out the door thinking that accounting is the best profession in the world to be in if they're still hiring hundreds of ppl in a recession.

Pisco Sour

jonnybravo wrote: »

Ditto I thought the exact same - roll on the other big 4 with the same know and they'll be ques out the door thinking that accounting is the best profession in the world to be in if they're still hiring hundreds of ppl in a recession.

They really are such scam artists!

Whatever the marketing employees in these places are getting paid, it aint nearly enough!

Nidot

When I saw this story in the news last night I almost got sick.

How wrong is it of them to say they are creating new jobs when they let 200 people go in May this year who were on double the money of the new intake.

Makes me so so angry. :mad:

Slasher

There is a little more to it than a PR stunt to make Deloitte look good. It is actually about making the Government look good. Jobs announcements are always good for Govt, especially on a day when Schering Plough announced 130 redundancies.

Someone in Deloitte, who shall remain nameless, is connected with someone in Govt, who shall also remain nameless, but you can probably guess, so Deloitte are making the announcement to make FF look good. In return, FF will be hand out lucrative "consultancy" work to Deloitte.

Simple.

Stabshauptmann

While this is the annual intake, and no great news, is 250 a larger than usual/expected number for Deloitte?

jon1981

they have also announced experienced IT positions... its not all about new Accountancy positions.

Halberstram

Slasher wrote: »

.

Someone in Deloitte, who shall remain nameless, is connected with someone in Govt, who shall also remain nameless, but you can probably guess, so Deloitte are making the announcement to make FF look good. In return, FF will be hand out lucrative "consultancy" work to Deloitte.

Simple.

It's true. You left out Haliburton tough who are also knee deep in this mess. They've been attempting to hijack my mind for about eighteen months now, but the tin foil I wrap around my skull has so far repelled their attacks. Don't know how much longer I can hold out

Why does "consultancy" warrant qoutation marks? Do you think D&T are providing "human resouces management" service to the gov?

Pisco Sour

Stabshauptmann wrote: »

While this is the annual intake, and no great news, is 250 a larger than usual/expected number for Deloitte?

No

R0N BURGUNDY

everything u hear about big companies and government etc. is totally contradictory and u have to question everything that they do. does anybody even take crap announcements like that seriously>?

ari101

jon1981 wrote: »

they have also announced experienced IT positions... its not all about new Accountancy positions.

Yes, as I read it it was 35+ experienced IT positions now with a by-the-way on the grad recruitment for next year...
I would assume with regard to the grad recruitment in any one year the net in and out flow is negligible so they are just bigging it up

dudara

The graduate intake is usually in the region of 100 -150 per annum, although like all professional firms, that has been reduced over the last years. The jobs news should be adjusted to take this into account.

As far as I know, Deloitte didn't leave 200 people go this year. They sought circa 70 voluntary redundancies approx 18 months ago. This was around the same time that all the other Big 4 firms were letting people go too.

Graduate intake waffle aside, there are ~30 genuine technical consulting jobs on offer. That's not to be sneezed at right now.

Cookie_Monster

What I would like to know is after all the banks etc went tits up how Deloitte are still in business. They audited some of these accounts and clearly made an absolute balls of it. Why anyone trusts them to do anything is totally beyond me.

Pisco Sour

dudara wrote: »

The graduate intake is usually in the region of 100 -150 per annum, although like all professional firms, that has been reduced over the last years.

Not true. The Big 4 were taking on close to 300 each during the boom times, not 100-150.

Maybe E&Y took on a little less, but the other 3 were in the range of 250-300.

dudara

Cookie_Monster wrote: »

What I would like to know is after all the banks etc went tits up how Deloitte are still in business. They audited some of these accounts and clearly made an absolute balls of it. Why anyone trusts them to do anything is totally beyond me.

Not actually true.. Deloitte, until recently, were not a player in the market for external auditors in banking. They did recently win the job of external auditors at Anglo, after the E&Y debacle.

It's easy to blame the Big 4 in all of this mess, but at least make sure that you are referencing the right firms.

Over the last 10 years, these banks were primarily audited by KPMG, Pricewaterhouse Coopers and Ernst & Young. Auditors are not changed often. In the last decade there have been two changes. Ernst & Young was replaced by Deloitte & Touche at Anglo Irish Bank last year after the bank was nationalised following a series of scandals. KPMG replaced PwC as AIB's auditor in the wake of the €690m trading losses hidden by John Rusnak at AIB's US operations in 2001. Deloitte & Touche has just become the auditor to the nationalised Anglo Irish Bank.

cson

Cookie_Monster wrote: »

What I would like to know is after all the banks etc went tits up how Deloitte are still in business. They audited some of these accounts and clearly made an absolute balls of it. Why anyone trusts them to do anything is totally beyond me.

As Dudara said remember to reference the correct firm. Further to this; people in the Companie's being audited will go to extreme lengths to hide some of the things they do - not to condone what happened re auditors and their respective banks but an 'Audit' per se is not an absolute test of every transaction/process/system in a a Company.

On topic; I'd imagine that the huge amount of NAMA related work flowing toward Accountancy is the reason for the increased intake.

Cookie_Monster

dudara wrote: »

Not actually true.. Deloitte, until recently, were not a player in the market for external auditors in banking. They did recently win the job of external auditors at Anglo, after the E&Y debacle.

It's easy to blame the Big 4 in all of this mess, but at least make sure that you are referencing the right firms.

It doesn't really matter they're all as bad as each other world wide in one industry or another. All four of them dropped pretty big balls over the last number of years leading up to the crash.

cson

Cookie_Monster wrote: »

It doesn't really matter they're all as bad as each other world wide in one industry or another. All four of them dropped pretty big balls over the last number of years leading up to the crash.

Go on, example us for the laugh.

You have; E&Y [Anglo] and KPMG [AIB] thus far, any more to add?

Cavehill Red

How about Delight and Touch's signing off repeatedly (in return for beefy fees) on PPARS, the half-billion euro payroll software that never worked?
Of course, they continued to get lucrative government contracts after that as if it had never happened.
To suggest D+T aren't hand in glove with the current administration is ludicrous.

dudara

Value for Money report from the Office of the Comptroller and Auditor General on the PPARS project.

In fact, there are lots of interesting VFM reports on that website, related to all forms of expenditure in the public sector.