56 Facts About Deloitte

Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, is an international professional services network headquartered in London, England.

Deloitte is the largest professional services network by revenue and number of professionals in the world and is considered one of the Big Four accounting firms along with EY, KPMG and PricewaterhouseCoopers.

Deloitte provides audit, consulting, financial advisory, risk advisory, tax, and legal services with approximately 334,800 professionals globally.

Deloitte was the first person to be appointed an independent auditor of a public company, namely the Great Western Railway.

In 1890, Deloitte opened a branch office on Wall Street headed by Edward Adams and P D Griffiths as branch managers.

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In 2000, Deloitte acquired Eclipse to add internet design to its consulting capabilities.

The spinoff of Deloitte France's consulting division led to the creation of Ineum Consulting.

In 2005, Deloitte acquired Beijing Pan-China CPA to become the largest accountancy firm in China.

In 2007, Deloitte began hiring former employees of the Central Intelligence Agency for their competitive intelligence unit known as Deloitte Intelligence.

In 2009, Deloitte purchased the North American public service practice of BearingPoint for $350 million after it filed for bankruptcy protection.

Deloitte LLP took over the UK property consultants Drivers Jonas in January 2010.

In 2011, Deloitte acquired DOMANI Sustainability Consulting and ClearCarbon Consulting in order to expand its sustainability service offerings.

In January 2012, Deloitte announced the acquisition of Ubermind, a mobile advertising agency.

In November 2012, Deloitte acquired Recombinant Data Corporation, a company specializing in data warehousing and clinical intelligence software, and launched Recombinant by Deloitte.

In February 2013 Recombinant by Deloitte merged with an internal informatics unit and launched ConvergeHEALTH by Deloitte.

On 11 January 2013, Deloitte purchased substantially all of the business of Monitor Group, the strategy consulting firm founded by Harvard Business School professor Michael Porter, after Monitor filed for bankruptcy protection.

Deloitte CIS partnered with Waves Platform to offering services related to initial coin offerings.

Deloitte became a member of the Ethereum Enterprise Alliance and the Hyperledger Project sponsored by the Linux Foundation in May 2017.

In 2016, Deloitte acquired advertising agency Heat of San Francisco, best known for its work Madden NFL from EA Sports and the Hotwire travel website.

In September 2016, Apple Inc announced a partnership with Deloitte aimed at boosting sales of its phones and other mobile devices to businesses.

In October 2016, Deloitte announced that they were creating Deloitte North West Europe.

In March 2022, Deloitte announced that, as a result of the Russo-Ukrainian War, the firm would no longer carry out business in Russia or Belarus, and would separate its practices within these countries from its global network of firms.

In March 2022, Deloitte acquired Etain, a data and digital transformation specialist company, based in Northern Ireland.

In 2008, Deloitte adopted its new "Always One Step Ahead" brand positioning platform to support the existing Deloitte vision: "To be the Standard of Excellence".

In June 2016, Deloitte changed its branding and adopted a new logo, with Deloitte written in black color instead of the earlier blue.

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Deloitte said it resigned from the account because management at the client was not committed to best practices in finance.

In 2011, Deloitte was ranked No 1 by revenue in all areas of healthcare consulting—life sciences, payer, provider, and government health.

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 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.

GovLab is the internal think tank of Deloitte Consulting LLP's Federal Government consulting practice, focused on innovation and government reform.

Deloitte operates across the world in more than 700 locations.

In 2017, Deloitte was ranked as one of the ten best places to work for paternity leave by Fatherly, an online resource for parenting news.

In 2019 and 2020, Gartner stated that Deloitte was the No 1 consulting service provider worldwide by revenue.

Securities and Exchange Commission announced on 26 April 2005 that Deloitte had agreed to pay $50 million to settle charges relating to Adelphia's 2000 financial statements.

In September 2003, Deloitte reported to the Canadian Bar Association that motor vehicle accident insurance claims for bodily injury had been declining since 1999 adjusted for inflation.

Deloitte-China, known as Deloitte Hua Yong, self-reported the deficiencies found in 12 fiscal year 2018 audits.

Auditors asked clients to prepare their own paperwork to show that Deloitte-China had completed audits in at least 21 instances, creating the illusion that it followed relevant requirements when there was no evidence of it doing so.

In 2011, Deloitte was commissioned by the tobacco industry to compile a report on illicit tobacco.

Deloitte was awarded a $44 million no-bid contract by the Centers for Disease Control and Prevention in the United States to build a website to manage scheduling, inventory, and reporting for COVID-19 vaccination.

Deloitte was present during that presentation and was identified by the CDC as a consultant.

Under the Trump administration the CDC awarded a no bid contract to Deloitte to build a vaccine administration management system, even though MSPP had offered such a system at a lower price.

Tate's attorney said that Deloitte's system "has the identical structure, mirrors the functionality, and duplicates the same features" as MSPP's system.

In September 2017, The Guardian reported that Deloitte suffered a cyberattack that breached the confidentiality of its clients and 244,000 staff, allowing the attackers to access "usernames, passwords, IP addresses, architectural diagrams for businesses and health information".

Reportedly, Deloitte had stored the affected data in Microsoft's Azure cloud hosting service, without two-step verification.

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Deloitte said that neither its services nor its clients' businesses were disrupted.

Deloitte said that no sensitive information was compromised and that its investigators were eventually able to read every email obtained by the hackers.

Deloitte said that it immediately contacted legal authorities and six clients.

Deloitte increased security measures on the advice of both internal and external experts.

Deloitte had acted as internal auditor at construction and services giant Carillion before it went into liquidation in January 2018.

Deloitte said it was "disappointed" with the committees' conclusions regarding its role as internal auditors, but would take on board any lessons that could be learned from Carillion's collapse.

Deloitte Consulting has been heavily involved in building unemployment insurance web portals across various states, including Ohio, Colorado and Illinois.

The CONNECT site, designed by Deloitte, was described as a "colossal failure" as it was created over-budget, delivered late, and did not work.

Deloitte LLP serves as the official professional services sponsor of the United States Olympic Committee since 2009.

The UK member firm of Deloitte was a sponsor of the 2012 Summer Olympics and the Royal Opera House.

The Australian member firm of Deloitte is a Founding Partner of Invictus Games Sydney 2018, and a Principal from the firms Consulting practice is CEO of the not-for-profit entity delivering the Games.