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Mastering finance in government
Government finance is moving out from the back-office to become more strategic as government services transform to meet 21st century demands. Read more.
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| Airlines face US$600 million fraud loss |
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April 23, 2007 |
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London, 23 April 2007—Airline fraud is costing the industry over US$600 million a year according to a new report out today. The survey, undertaken by Deloitte and the IAAIA (International Association of Airline Internal Auditors), shows that fraud has increased five-fold since the last in-depth study of the industry six years ago. 79 percent of airlines participating in the survey have experienced fraud in the last 12 months. Deloitte found the average airline loses US$3 million a year to fraud, with low cost carriers being the... |
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| Deloitte CEO outlines value of CSR and measuring non-financial performance indicators for Chinese business during Boao Forum for Asia |
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April 23, 2007 |
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Boao, China, April 22, 2007— An opportunity awaits Chinese business to lead by example in understanding the value of measuring financial and non-financial performance indicators of business health, according to comments made by Deloitte CEO William G. Parrett at the BOAO Forum for Asia. Drawing on the findings of the second edition of the 2007 Deloitte Touche Tohmatsu global survey, "In the Dark II: What many boards and executives STILL don’t know about the health of their business," released yesterday in China, Mr. Parrett said that more than 70 percent of companies worldwide are not yet measuring non-financial indicators of business... |
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| Deloitte announces global agreement with SAP to deliver innovative solutions for emerging governance, risk and compliance (GRC) market |
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April 23, 2007 |
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New York, April 23, 2007—Deloitte Touche Tohmatsu today announced a collaborative global initiative among Deloitte member firms and SAP AG (NYSE:SAP) to develop and deliver enterprise solutions to better serve clients in their efforts to enable efficient, effective and sustainable governance, risk and compliance (GRC) management processes. "With this alliance and broad services capability, Deloitte member firms are uniquely positioned in the governance, risk and compliance space with unequaled depth and breadth of competencies to deliver on their GRC vision," said Deloitte Consulting LLP, USA, Principal Lee Dittmar, global leader... |
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| Innovation key to securing a competitive advantage for Indian manufacturing |
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April 22, 2007 |
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New Delhi, 23 April, 2007 — "Made in India" may well be espoused in the future by consumers around the globe. While the pace of change in the Indian manufacturing sector has been at a blistering pace over the last decade, there remain significant challenges ahead for the industry to achieve world-class prominence. However, according to a new report released today on "Globalizing Indian Manufacturing. Competing in Global Manufacturing and Service Networks," overcoming these hurdles is well worth the effort and will help manufacturing in India to thrive by fostering further expansion of domestic enterprises and boosting investments by global... |
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| Top government and business leaders call for innovative solutions to address serious deficit in public infrastructure worldwide |
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April 10, 2007 |
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Washington, D.C. – April 10, 2007 — Top Government officials and business leaders called today for innovative solutions to face the significant deficit in public infrastructure around the world. At the Deloitte Global Forum, held today in Washington DC, speakers encouraged the government and private sector to join forces to help address the growing global infrastructure gap. In the US and around the world, crucial improvements in infrastructure have been under funded or neglected altogether for years, hampering economic development, sustainable business development and citizens' standard of living. "The traffic in the US is so bad... |
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| New Deloitte survey: Companies still in the dark about their overall health |
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April 3, 2007 |
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New York, April, 3 2007— Many board members and senior executives are still in the dark about the overall health of their organizations because they lack high-quality non-financial information. According to the second edition of the Deloitte Touche Tohmatsu survey, “In the Dark II: What many boards and executives still don’t know about the health of their businesses,” developed in conjunction with the Economist Intelligence Unit and released today, 78 percent of the CEOs surveyed say that financial indicators alone do not adequately capture their company’s strengths and weaknesses. Those surveyed admit they need information on non-financial... |
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| Government and business leaders say competitiveness, trade, talent essential to sustainable development in China |
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March 27, 2007 |
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Shanghai, China – March 27, 2007 — At the Deloitte Global Forum today, Government officials and business leaders gathered to discuss future opportunities for domestic and foreign investors in China in terms of trade, talent management, and competitiveness, as China heads for a more mature and sustainable economic environment. The focus of the forum was on achieving fair and stronger competition in China, and tackling the shortage of skilled workers, two areas identified as needing attention, if business is to take the next quantum leap and help China realize its full potential. “It has been five years since... |
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| Deloitte announces new global CEO nominee and elects new Chairman of the Board |
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March 1, 2007 |
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New York, March 1, 2007—The Deloitte Touche Tohmatsu Board today announced the approval of the nomination of James. H. Quigley as the next Global Chief Executive Officer of Deloitte, one of the largest professional services organizations. He succeeds William G. Parrett whose term ends on May 31, 2007. Mr. Quigley's nomination is now subject to a vote by the member firm partners worldwide. Also announced today was the approval of John P. Connolly as the new Chairman of the Board of Deloitte Touche Tohmatsu. Mr. Connolly will succeed Mr. Piet Hoogendoorn who has been Chairman since June 2000 and whose term also finishes on... |
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| To mark National Corporate Philanthropy Day, Deloitte people earn honors for individual efforts to address social issues through community involvement |
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February 26, 2007 |
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New York, February 26, 2007 – Deloitte Touche Tohmatsu today awarded five people from its member firms US$500.00 each to help support their individual locally driven efforts to address global issues. The award was the result of a global community involvement contest that asked participants to share how his or her community-focused initiatives can help shape the world. This announcement from Deloitte Touche Tohmatsu CEO William G. Parrett came as part of the organization’s celebration of National Corporate Philanthropy Day... |
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| Distinctive growth needs distinctive action to continue India's trajectory as a leading global services economy |
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January 26, 2007 |
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Davos, Switzerland, January 26, 2007—It’s time to abandon manual-intensive processes, strengthen India's educated workforce and fix infrastructure, according to a new white paper from Deloitte Touche Tohmatsu, "India: Linking into the global services economy." "India had enough of the right ingredients to become the services-driven economy it is today, including a suitable regulatory environment, available workers at the right age and connectivity to global technology infrastructure," Deloitte Touche Tohamtsu CEO William G. Parrett told an audience at the World Economic Forum at Davos on Thursday. "But these are the very... |
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