Comments on: AccountancyAge, The Guardian: you’re a bunch of douche bags http://www.accmanpro.com/2009/07/07/accountancyage-the-guardian-youre-a-bunch-of-douche-bags/ never knowingly under opinionated Fri, 19 Mar 2010 07:02:29 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: re: The Auditors » Blog Archive » Zombies Among Us: The Mainstream Media and Financial Journalismhttp://www.accmanpro.com/2009/07/07/accountancyage-the-guardian-youre-a-bunch-of-douche-bags/comment-page-1/#comment-399803 re: The Auditors » Blog Archive » Zombies Among Us: The Mainstream Media and Financial Journalism Sun, 27 Dec 2009 18:15:49 +0000 http://www.accmanpro.com/?p=5066#comment-399803 [...] Chicago Business, Bloomberg, The Chicago Tribune, even my beloved Financial Times. In some cases proxies did it for me, [...] [...] Chicago Business, Bloomberg, The Chicago Tribune, even my beloved Financial Times. In some cases proxies did it for me, [...]

]]> By: Barbados Money Laundering and Offshore Business Advisoryhttp://www.accmanpro.com/2009/07/07/accountancyage-the-guardian-youre-a-bunch-of-douche-bags/comment-page-1/#comment-397048 Barbados Money Laundering and Offshore Business Advisory Fri, 17 Jul 2009 01:59:47 +0000 http://www.accmanpro.com/?p=5066#comment-397048 [...] from AccMan. Click here to read story on AccMan Possibly related posts: (automatically generated)PwC auditors held for Satyam [...] [...] from AccMan. Click here to read story on AccMan Possibly related posts: (automatically generated)PwC auditors held for Satyam [...]

]]> By: Professional perceptions: boring, staid, reckless, fraudulent? | AccManhttp://www.accmanpro.com/2009/07/07/accountancyage-the-guardian-youre-a-bunch-of-douche-bags/comment-page-1/#comment-396490 Professional perceptions: boring, staid, reckless, fraudulent? | AccMan Wed, 08 Jul 2009 02:20:10 +0000 http://www.accmanpro.com/?p=5066#comment-396490 [...] We know plenty about the ‘fraudulent’ part but then these are stereotypes the profession needs to shed. In that regard I’d refer readers to the discussion I had with Hamish Edwards where he talked about the new styles of firm that are concentrating heavily on the service angles. Then I”d also say that in my dealings with GJ, I sense they are somewhere in that ‘middle road’ Ben mentions. [...] [...] We know plenty about the ‘fraudulent’ part but then these are stereotypes the profession needs to shed. In that regard I’d refer readers to the discussion I had with Hamish Edwards where he talked about the new styles of firm that are concentrating heavily on the service angles. Then I”d also say that in my dealings with GJ, I sense they are somewhere in that ‘middle road’ Ben mentions. [...]

]]> By: Get real about PWC | called2accounthttp://www.accmanpro.com/2009/07/07/accountancyage-the-guardian-youre-a-bunch-of-douche-bags/comment-page-1/#comment-396479 Get real about PWC | called2account Tue, 07 Jul 2009 09:20:22 +0000 http://www.accmanpro.com/?p=5066#comment-396479 [...] Dennis Howlett is angry about the press coverage of PWC. [...] [...] Dennis Howlett is angry about the press coverage of PWC. [...]

]]> By: Tax Research UK » Get real about PWChttp://www.accmanpro.com/2009/07/07/accountancyage-the-guardian-youre-a-bunch-of-douche-bags/comment-page-1/#comment-396478 Tax Research UK » Get real about PWC Tue, 07 Jul 2009 07:40:31 +0000 http://www.accmanpro.com/?p=5066#comment-396478 [...] Dennis Howlett is angry about the press coverage of PWC. [...] [...] Dennis Howlett is angry about the press coverage of PWC. [...]

]]> By: Francine McKennahttp://www.accmanpro.com/2009/07/07/accountancyage-the-guardian-youre-a-bunch-of-douche-bags/comment-page-1/#comment-396473 Francine McKenna Tue, 07 Jul 2009 04:06:45 +0000 http://www.accmanpro.com/?p=5066#comment-396473 Dennis,Thanks for this strong show of support for my efforts. It's funny... I was talking to another journalist today, one I respect, about the PwC/Satyam/Idearc part of this imbroglio. He was complaining that the connection was not clear to him, the Gartner report was not explicit enough, and that PwC had said there were no other examples. Sounds just like the PwC PR crap that they tried to feed to journalist Ritwik Mukherjee. http://www.mydigitalfc.com/views/gartner-pointed-business-relationship-between-pwc-satyam-725He strongly supported his story, based on mine, in the face of pressure from both Gartner and PwC to revise or drop it. Ritwik snapped back:"The [Gartner] report, which was extensively quoted in our story of May 28, quoted PwC’s US advisory strategy leader Joe Duffy at the PwC’s analyst day, as stating: “We are full scale in the implementation and integration business.” According to Gartner, “PwC clarified that its implementation stops short of coding for large-scale customisation of business applications. The firm offered an example wherein its India-based operations performed the coding for a client’s financial data warehouse, but a system integration partner coded the business application customisation.”To demonstrate the range of its capabilities, PwC offered two case studies with clients and engagement teams: One was Idearc, a $3 billion Verizon spin-off and the other Microsoft. “With Idearc, PwC was engaged through the full project life cycle leading to the one-day flash cutover to Idearc’s new systems. Much of this engagement occurred while PwC was still under the IBM non-compete agreement, and Satyam Computer Services did much of the system integration work,” the Gartner report said...."PwC wants to excuse such an egregious independence violation during the marketing and promotion of the consulting firm, as well as potentially in the execution of its contracts, by claiming that the only project PwC worked on with Satyam was Idearc. They claim there were no others. That's like claiming you're just a little bit pregnant. it doesn't matter how many you've slept with. It only takes one to do the deed. Dennis,

Thanks for this strong show of support for my efforts. It’s funny… I was talking to another journalist today, one I respect, about the PwC/Satyam/Idearc part of this imbroglio. He was complaining that the connection was not clear to him, the Gartner report was not explicit enough, and that PwC had said there were no other examples. Sounds just like the PwC PR crap that they tried to feed to journalist Ritwik Mukherjee. http://www.mydigitalfc.com/views/gartner-pointed-business-relationship-between-pwc-satyam-725

He strongly supported his story, based on mine, in the face of pressure from both Gartner and PwC to revise or drop it. Ritwik snapped back:

“The [Gartner] report, which was extensively quoted in our story of May 28, quoted PwC’s US advisory strategy leader Joe Duffy at the PwC’s analyst day, as stating: “We are full scale in the implementation and integration business.” According to Gartner, “PwC clarified that its implementation stops short of coding for large-scale customisation of business applications. The firm offered an example wherein its India-based operations performed the coding for a client’s financial data warehouse, but a system integration partner coded the business application customisation.”

To demonstrate the range of its capabilities, PwC offered two case studies with clients and engagement teams: One was Idearc, a $3 billion Verizon spin-off and the other Microsoft. “With Idearc, PwC was engaged through the full project life cycle leading to the one-day flash cutover to Idearc’s new systems. Much of this engagement occurred while PwC was still under the IBM non-compete agreement, and Satyam Computer Services did much of the system integration work,” the Gartner report said….”

PwC wants to excuse such an egregious independence violation during the marketing and promotion of the consulting firm, as well as potentially in the execution of its contracts, by claiming that the only project PwC worked on with Satyam was Idearc. They claim there were no others. That’s like claiming you’re just a little bit pregnant. it doesn’t matter how many you’ve slept with. It only takes one to do the deed.

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