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Deloitte

Deloitte Touche Tohmatsu (doing business as Deloitte) is one of the Big Four accounting firms, the others being Ernst & Young, KPMG, and PricewaterhouseCoopers. Deloitte LLP

is a brand under which hundreds of firms work to provide audit,

consulting, financial advisory, risk management, and tax services.[1] These firms are members of a UK private company limited by guarantee called Deloitte Touche Tohmatsu Limited, or DTTL.[1] The firm was originally established as an accounting practice in London, United Kingdom by William Welch Deloitte in 1845.[2] The firm is headquartered in New York, New York.[3]

In 2011, Deloitte reported 2,098,000,000 British Pounds in total revenues.[4]

Ties to Pete Peterson's "Fix the Debt"

The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare

under the guise of fixing the nation's "debt problem." Deloitte Touche

Tohmatsu is part of the Campaign to Fix the Debt as of February 2013.

This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main SourceWatch page on Fix the Debt.

About Fix the Debt
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through a special report and new interactive wiki resource, the Center for Media and Democracy -- in partnership with the Nation magazine -- exposes the funding, the leaders, the partner groups, and the phony state "chapters" of this astroturf supergroup. Learn more at PetersonPyramid.org and in the *Nation* magazine.

Leadership

As of February 2013:[5]

Former key executives

[6]

Tobacco involvement

Deloitte & Touche worked with Lorillard Tobacco Company.

Political contributions

James H. Quigley, Chief Executive Officer of Deloitte Touche Tohmatsu, is a Bush Pioneer having raised at least $100,000 for Bush in the 2004 presidential election. [7]

Deloitte gave $1,638,627 to federal candidates in the 2006 election through its political action committee - 25% to Democrats and 74% to Republicans. [8]

Lobbying

The company spent $2,840,000 for lobbying in 2006. In-house lobbyists along with seven outside lobbying firms were used. The lobbying firms included Barbour, Griffith and Rogers, Clark & Weinstock, and Mayer, Brown et al. [9]

Contact details

1633 Broadway

New York, NY 10019

Phone: 212-489-1600

Fax: 212-489-1687

Web: http://www.deloitte.com

Resources and articles

Featured SourceWatch Articles on Fix the Debt

References

  1. ↑ 1.0 1.1 "About Deloitte", Deloitte, Accessed January 24, 2013.
  2. ↑ "William Welch Deloitte", Deloitte, Accessed January 24, 2013.
  3. ↑ "Deloitte Office Locator", Deloitte, Accessed January 24, 2013.
  4. ↑ "Financial Statements 2011", Deloitte, 2011.
  5. ↑ "Leadership", Deloitte, Accessed January 24, 2013.
  6. ↑ Deloitte Key People, Hoovers, accessed August 2007.
  7. ↑ Pioneers and Rangers, Texans for Public Justice, accessed August 2007.
  8. ↑ 2006 PAC Summary Data, Open Secrets, accessed August 2007.
  9. ↑ Deloitte lobbying expenses, Open Secrets.

This article may include information from Tobacco Documents Online.

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mpu

pgm more $ for admin than services?!

every diff state gets billed for each query over and over

Sep 8, 2026

The biggest welfare scam in the country is run by a consulting giant. Deloitte has made over $6 billion running error-prone eligibility systems that make it harder for Americans to get the healthcare and food aid they rely on. We investigated the big business of welfare.

The People Abusing Welfare Are Not Who You Think

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wiki tommy t

Health care consulting and law firm

:{Thompson became a partner at law firm Akin Gump, a Washington, D.C., law firm that engages in federal lobbyin:(style="background-color:#ff9900ff"):}:g.[3] There, Thompson provided "strategic advice" to the lobbyists in the firm's health care practice, advising them on how to most successfully lobby government officials on behalf of the firm's clients.[3]

He also became a senior advisor at the professional services firmDeloitteand became Independent Chairman of its Deloitte Center for Health Solutions.[78][80]Thompson was no longer associated with Deloitte by October 2011.[78]

For the United States presidential election in 2016 Thompson initially endorsed fellow Republican John Kasich.*[citation needed*] In early July Thompson, a delegate to the Republican national convention, endorsed Donald Trump.[81]

wiki

deloitte Touche Tohmatsu Limited(/:{dəˈlɔɪt:(style="border-bottom:1px dotted"):}::{:(style="white-space:normal"):}::{ˈtuːʃ:(style="border-bottom:1px dotted"):}::{:(style="white-space:normal"):}::{toʊˈmɑːtsuː:(style="border-bottom:1px dotted"):}:/), commonly referred to asDeloitte, is amultinationalprofessional servicesnetwork with offices in over 150 countries and territories around the world.[6][7]Deloitte is one of theBig Fouraccounting organizations and the largestprofessional services networkin the world by revenue and number of professionals, with headquarters inLondon, England.[8][9]

The firm was founded by William Welch Deloitte in London in 1845 and expanded into the United States in 1890.[10] It merged with Haskins & Sells to form Deloitte Haskins & Sells in 1972 and with Touche Ross in the US to form Deloitte & Touche in 1989. In 1993, the international firm was renamed Deloitte Touche Tohmatsu, later abbreviated to Deloitte.[10] In 2002, Arthur Andersen's practice in the UK as well as several of that firm's practices in Europe and North and South America agreed to merge with Deloitte.[11] Subsequent acquisitions have included Monitor Group, a large strategy consulting business, in January 2013.[12] The international firm is a UK private company, limited by guarantee, supported by a network of independent legal entities.[13]

Deloitte provides audit, consulting, financial advisory, risk advisory, tax, and legal services with approximately 334,800 professionals globally.[5] In FY 2021, the network earned revenues of US$50.2 billion in aggregate.[4] As of 2020, Deloitte is the third-largest privately-owned company in the United States, according to Forbes.[14] The firm has sponsored a number of activities and events including the 2012 Summer Olympics.[15]

Controversies involving the firm, in addition to litigation surrounding a few of its audits, have included its involvement in a "potentially misleading" report on illicit tobacco trading in Australia,[16] the fact that it suffered a major cyber-attack which breached client confidentiality as well as exposing extensive employee information in September 2017,[17] its role as internal auditor of the insolvent contractor Carillion[18] and its role as external auditor of Autonomy which was accused of "accounting improprieties" that contributed to an £8.8 billion write-down of value following its acquisition by Hewlett-Packard in 2011.[19]

Contents

History

Early history

In 1845, William Welch Deloitte opened an office in London, United Kingdom. Deloitte was the first person to be appointed an independent auditor of a public company, namely the Great Western Railway.[10] He went on to open an office in New York in 1880.[10]

In 1890, Deloitte opened a branch office on Wall Street headed by Edward Adams and P.D. Griffiths as branch managers. That was Deloitte's first overseas venture. Other branches were soon opened in Chicago and Buenos Aires. In 1898 P.D. Griffiths returned from New York and became a partner in the London office.[20]

In 1896, Charles Waldo Haskins and Elijah Watt Sells formed Haskins & Sells in New York.[10] It was later described as "the first major auditing firm to be established in the country by American rather than British accountants".[21]

In 1898, George Touche established an office in London and then, in 1900, joined John Ballantine Niven in establishing the firm of Touche Niven in the Johnston Building at 30 Broad Street in New York.[10]

On 1 March 1933, Colonel Arthur Hazelton Carter, President of the New York State Society of Certified Public Accountants and managing partner of Haskins & Sells, testified before the U.S. Senate Committee on Banking and Currency. Carter helped convince Congress that independent audits should be mandatory for public companies.[10]

In 1972, Deloitte's firm (by then known as Deloitte, Plender, Griffiths & Co.) merged with Haskins & Sells to form Deloitte Haskins & Sells.[22]In 1947, Detroit accountant George Bailey, then president of the American Institute of Certified Public Accountants, launched his own organization. The new entity enjoyed such a positive start that in less than a year, the partners merged with Touche Niven and A. R. Smart to form Touche, Niven, Bailey & Smart.[10] Headed by Bailey, the organization grew rapidly, in part by creating a dedicated management consulting function. It also forged closer links with organizations established by the co-founder of Touche Niven, George Touche: the Canadian organization Ross and the British organization George A. Touche.[10] In 1960, the firm was renamed Touche, Ross, Bailey & Smart, becoming Touche Ross in 1969.[10] In 1968 Nobuzo Tohmatsu formed Tohmatsu Aoki & Co, a firm based in Japan that was to become part of the Touche Ross network in 1975.[10] In 1972 Robert Trueblood, Chairman of Touche Ross, led the committee responsible for recommending the establishment of the Financial Accounting Standards Board.[10]

In 1989, Deloitte Haskins & Sells merged with Touche Ross in the US to form Deloitte & Touche. The merged firm was led jointly by J. Michael Cook and Edward A. Kangas. Led by the UK partnership, a smaller number of Deloitte Haskins & Sells member firms rejected the merger with Touche Ross and shortly thereafter merged with Coopers & Lybrand to form Coopers & Lybrand Deloitte (later to merge with Price Waterhouse to become PwC).[23] Some member firms of Touche Ross also rejected the merger with Deloitte Haskins & Sells and merged with other firms.[23] In the UK, Touche Ross merged with Spicer & Oppenheim in 1990.[24]

Recent history

At the time of the US-led mergers to form Deloitte & Touche, the name of the international firm was a problem, because there was no worldwide exclusive access to the names "Deloitte" or "Touche Ross" – key member firms such as Deloitte in the UK and Touche Ross in Australia had not joined the merger. The name DRT International was therefore chosen, referring to Deloitte, Ross and Tohmatsu. In 1993, the international firm was renamed Deloitte Touche Tohmatsu.[10]

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In 2002, Arthur Andersen's UK practice, the firm's largest practice outside the US, agreed to merge with Deloitte's UK practice. Andersen's practices in Spain, the Netherlands, Portugal, Belgium, Mexico, Brazil and Canada also agreed to merge with Deloitte.[11][27] The spinoff of Deloitte France's consulting division led to the creation of Ineum Consulting.[28]

In 2005, Deloitte acquired Beijing Pan-China CPA to become the largest accountancy firm in China. Just prior to this acquisition Deloitte China had about 3,200 employees. This acquisition was part of a five-year plan to invest $150 million in China. Deloitte has had a presence in China since 1917.[29]

In 2007, Deloitte began hiring former employees of the Central Intelligence Agency (CIA) for theircompetitive intelligenceunit known as Deloitte Intelligence.[30]

In 2009, Deloitte purchased the North American public service practice of BearingPoint (formerlyKPMG Consulting) for $350 million after it filed for bankruptcy protection.[31]

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Deloitte member firms offer services in the following functions, with country-specific variations on their legal implementation (i.e., all operating within a single company or through separate legal entities operating as subsidiaries of an umbrella legal entity for the country).[5]

Audit

Audit provides the organization's traditional accounting and audit services, as well as internal auditing, IT control assurance and Media & Advertising Assurance.[57]

Investors in Guangdong Kelon Electrical Holdings Company Limited have claimed that there was a failure to alert them to the company's poor financial position.[58] Deloitte claims it did a good job on the project. Deloitte's global CEO defended the firm's work on the Kelon matter. The firm was the auditor for thirty months from 2002 to 2004. It qualified its opinion in 2004 as to company sales, returns, and allowances. The firm resigned from the Kelon account after completing the 2004 audit. Deloitte said it resigned from the account because management at the client was not committed to best practices in finance.[59]

Consulting

Consulting assists clients by providing services in the offering areas of Strategy, Analytics and M&A, Customer and Marketing, Core Business Operations, Human Capital, and Enterprise Technology and Performance. Consulting is Deloitte's largest business, bringing over 40% of total revenues in 2021.[4]

InAn American Sickness(2017), Dr.Elisabeth Rosenthalattributed to Deloitte a key role in counseling the adoption of"strategic billing" as a way of increasing revenues from hospital business. She dates this development from 2005, when Deloitte hiredTommy Thompson,former secretary of health and human services, as chairman of its global healthcare practice.[60]In 2011, Deloitte was ranked No. 1 by revenue in all areas of healthcare consulting—life sciences, payer, provider, and government health.[61]

The firm implemented the SAP HR system for the Los Angeles Unified School District (LAUSD) for $95 million and because of faults in the system, some teachers were underpaid, overpaid, or not paid at all.[62][63] As of 31 December 2007, LAUSD had incurred a total of $140 million in payments to Deloitte to get the system working properly.[64] In 2008, there was some evidence that the payroll issues had started to stabilize with errors below 1% according to LAUSD's chief operating officer.[65]

The firm worked on a statewide case management system for the California Judicial Council which originally had a budget of around $260 million. Almost $500 million had been spent and costs were at one time projected to potentially run as high as $2 billion. No single court became fully operational.[66] California's Judicial Council terminated the project in 2012 citing actual deployment costs associated with the project and California's budget concerns.[67]

Financial advisory

Financial advisory provides corporate finance services to clients, including dispute, personal and commercial bankruptcy, forensics, e-discovery, document review, advisory, mergers & acquisitions, capital projects consulting and valuation services.[68]

Risk advisory

Risk advisory provides offerings in enterprise risk management, information security and privacy, data quality and integrity, strategic & reputation risk, regulatory risk, project risk and cyber risk, and business continuity management and sustainability.[69]

Tax and legal

Tax & legal helps clients increase their net asset value, undertake the transfer pricing and international tax activities of multinational companies, minimize their tax liabilities, implement tax computer systems, and provides advisory of tax implications of various business decisions.[70]

In November 2013, the international development charity ActionAid accused Deloitte of advising large businesses on how they could use Mauritius to avoid potentially hundreds of millions of dollars of tax in some of the poorest countries in Africa. Deloitte responded by saying that, in the absence of the double-taxation treaties, they advise their clients to avail themselves of arrangements that could result in less taxes being paid to the countries in question. Deloitte also said it was wrong to say it is tax avoidance to make use of provisions in double tax treaties and that without such treaties investment might be reduced.[71]

GovLab

GovLab is the internal think tank of Deloitte Consulting LLP's Federal Government consulting practice, focused on innovation and government reform. Created in 2010, GovLab is based at New York University in New York, NY[72] and typically undertakes 8 or 9 research topics per year, focusing on how future trends, technologies, and business models will affect government.[73]

Offices

Deloitte operates across the world in more than 700 locations.[74][75]

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Fwd: Deloitte Consulting Institutional User Change

Released on 2013-11-15 00:00 GMT

Email-ID40441
Date2011-02-16 22:41:26
Fromzucha@stratfor.com
ToSolomon.Foshko@stratfor.com

Fwd: Deloitte Consulting Institutional User Change

-------- Original Message --------

Subject: Deloitte Consulting Institutional User Change 

Date: Fri, 28 Jan 2011 12:20:07 -0600 

From: Korena Zucha  

To: Customer Service  

Gentlemen,

Could I please get help from one of you to update the user list for the

Deloitte Consulting LLP institutional license? The account went from 25

users last year to 20 this year. It is set to renew on Monday but I wanted

to make sure that there is no gap in service so feel free to go ahead and

make the changes today if you would like to get it over with. Some of

these people were under the account last year so their passwords should

stay the same. For those new member, can you please send them a welcome

email with their user name noting that:

Access is in part of the Deloitte Consulting LLP's one-year Enterprise

License with STRATFOR. For any questions about this service, please

contact Korena Zucha at zucha@stratfor.com or 512-744-4082 or Angela

Eugene at Deloitte.

Thank you for your help and let me know if you have any questions.

-------- Original Message --------

Subject: RE: STRATFOR Enterprise Account Renewal 

Date: Wed, 5 Jan 2011 08:26:53 -0500 

From: Eugene, Angela (US - Arlington)  

To: Korena Zucha  

Hello Korena,

Please see attached the updated list for the STRATFOR Enterprise Account.

We have 19-users that we would like to renew at this time.

If you have any questions or concerns, please feel free to call me.

Kind Regards,

Angela

Angela Eugene

Deloitte Consulting LLP

Tel/Direct: 571.480.7144|Fax:866.459.0433

aeugene@deloitte.com| www.deloitte.com

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