Yesterday
The consultant telling business what not to do with AI
Data analytics expert Monica Ly says artificial intelligence should only be used to save on costs or generate revenue.
This Month
Scyne hires from public service, new KPMG role for former OECD exec
Public sector consulting firm Scyne has appointed its first new managing director, while KPMG has brought on former Labor minister David Bradbury as a partner.
- Exclusive
- PwC tax scandal
Sold for $1, Scyne claws back a third of PwC’s revenue
Scyne, spun out of PwC a year ago, is heading towards $200 million in revenue, rebuilding a third of the roughly $600 million earned by its predecessor firm.
Consultants face decade-low growth slump
Annual growth in the sector is forecast to fall to its lowest level – apart from the short-lived pandemic slump – since 2015.
June
Tough jobs market for consultants wanting to jump ship to industry
Advisers seeking exit opportunities or new roles after job cuts are facing fierce competition for ‘transformation’ and ‘strategy’ roles in companies.
Telstra hires Deloitte to audit books, replacing EY after 25 years
The telecoms giant said changing auditors was “good governance” and wants to use Deloitte’s digital technology to reduce costs.
Most readers oppose nuclear on economic, technical grounds
More than half surveyed readers oppose Peter Dutton’s plan to build nuclear reactors in Australia by 2050, citing concerns over the Liberals’ uncosted plan.
Government urged to add accountants, auditors to fast-track visa list
Eleven accounting, auditing and data-related roles need to be added to a new list of occupations eligible for fast-tracked migrant visas due to ongoing labour shortages, say two major professional bodies.
Economist Jeremy Thorpe goes boutique after PwC Australia
The long-time PwC partner said there had been a clear shift in client demand “away from the big four consulting firms”.
How this senior consultant uses AI to get more work done
Kearney’s Anshuman Sengar says using generative AI tools to summarise meetings, write emails and research topics has helped him become more effective at work.
From union boss to KPMG chief: ‘Unlearning’ key to Paul Howes’ success
The senior KPMG partner is as surprised as anyone else that he will chalk up 10 years at the firm next month.
KPMG launches radical overhaul, cuts 200 senior jobs
KPMG Australia will overhaul its consulting business to focus on tech-related advisory and software installation as part of an $80 million cost-cutting exercise that will include cutting about 200 roles at the firm.
- Exclusive
- PwC tax scandal
Former PwC Australia partner flags legal action against firm
A former senior partner, Wayne Plummer, has indicated he will sue the firm after being publicly linked to its tax leaks scandal.
- Opinion
- PwC tax scandal
The consulting free-for-all in Canberra is coming to an end
A Senate committee’s recommendations go beyond changes made by the federal government after the PwC tax leaks scandal.
Greens call for accounting firms to be limited to 100 partners
The maximum size of accounting partnerships should be cut from 1000 to 100, and audit firms should be forced to separate their consulting divisions, the Greens say.
Inquiry calls for strict new rules for big four consulting firms
Parliamentary approval of contracts and a review of laws governing partnerships are among the final recommendations of a Senate inquiry into outsourcing.
Consultants costing NSW twice as much as public servants: report
The government report also found the big four consulting firms were “increasingly doing generalist work” for the NSW public sector.
The rare bright spot in a difficult consulting market
The Australian arm of Alvarez & Marsal has expanded to 54 managing directors and 300 staff since its launch and is now generating “tens of millions” in local revenue.
Consulting firms soften partner intakes despite rise in exits
The latest partner promotions and appointments at EY, Deloitte and PwC reflect the major downturn in advisory work.
May
ChatPwC v KPMG KymChat: Consultants race is on after ‘world’s biggest’ AI deal
The US and UK arms of consulting giant PwC have become the biggest direct corporate client of OpenAI, announcing a deal to use and resell the AI firm’s tools.
