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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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Latin America will survive globalization and prosper October 19, 2006 Buenos Aires, October 19, 2006—Latin America will survive globalization and prosper, despite competition from India, China, and other emerging economies, so long as business and government work cooperatively to meet this goal. Countries such as Argentina, Brazil, Mexico, and Chile, which have come a long way in stabilizing their economies and enhancing their pro-business environments, will lead the way. There is no reason why Latin America, led by these countries, will not return to its prosperous position on the world stage.

These were the sentiments expressed at the inaugural Deloitte Global Forum, launched in Buenos Aires,...

Deloitte CEO announces US$20 billion revenues for FY2006 and sees more consolidation among small to medium-sized firms October 16, 2006 Buenos Aires, October 16, 2006—William G. Parrett, Global CEO, Deloitte Touche Tohmatsu, in releasing the Deloitte Touche Tohmatsu Worldwide Member Firms 2006 Review, announced US$20 billion aggregate member firm revenues for fiscal year 2006, which represents a growth rate of 11.5 percent in local currencies. He also made it clear that more consolidation and change within professional services is likely as mid-sized firms strengthen their capability and capacity, so as to expand their base of globalizing clients. Mr. Parrett made his comments as he welcomed more than 500 new partners of Deloitte member firms in Buenos...
Deloitte Touche Tohmatsu appoints Dr. Otmar Thoemmes global managing partner Clients & Markets October 12, 2006 New York, October 12, 2006—Deloitte Touche Tohmatsu (DTT) today announced the appointment of Dr. Otmar Thoemmes as Global Managing Partner, Clients & Markets. With more than 20 years of experience with Deloitte Germany, Dr. Thoemmes has been involved in both national and international assignments, including a three-year secondment as a tax expert with the European Commission in Brussels. In his new position, Dr. Thoemmes, who will relocate to New York, will be responsible for working with Deloitte member firms to raise the standard of client service.

"Otmar is a terrific partner who brings a great deal of experience in the German,...

Minister Mentor Lee Kuan Yew addresses Deloitte Touche Tohmatsu 2006 Annual World Meeting in Singapore June 22, 2006

Singapore, June 22, 2006—At the Deloitte Annual World Meeting in Singapore, Mr. William G. Parrett, CEO Deloitte, today echoed the remarks of Minister Mentor Lee who discussed the emergence of India and China and their impact on the world. Minister Mentor was the special guest at a gathering of over 250 senior partners and leaders from Deloitte member firms around the globe.

Mr. Parrett said, "I am extremely honored to have Minister Mentor Lee at our annual world meeting and to...

Deloitte announces Deloitte ASEAN: A new approach to delivering client service excellence in Southeast Asia June 20, 2006 Singapore, June 20, 2006—William G. Parrett, CEO Deloitte Touche Tohmatsu, announced today the establishment of Deloitte ASEAN. This development is part of the organization's aggressive plans to double Deloitte's strength in Asia within the next five years.

Deloitte member firms in six countries—Singapore, Malaysia, Indonesia, Thailand, the Philippines, and Guam—make up Deloitte ASEAN, which will comprise more than 150 partners and about 3,500 staff in more than 15 office locations.

In announcing Deloitte ASEAN at a client reception in Singapore, Mr. Parrett said, "Asia Pacific is the No. 1 strategic market for Deloitte,...

Reorganization Services practices of Deloitte Touche Tohmatsu member firms ranked first by The Deal for first quarter 2006 June 12, 2006 New York, June 12, 2006—The reorganization services practices of Deloitte Touche Tohmatsu (DTT) member firms have been ranked No. 1 among non-investment bank financial advisors for the first quarter of 2006 by The Deal, a leading weekly financial publication.

Based on statistics on the number of active cases for the first quarter of 2006, The Deal ranked DTT member firms ahead of other large accounting firms, boutique advisors and specialized stand-alone bankruptcy workout firms, with a total of 283 engagements, compared to 269 and 129 respectively for the next closest reorganization services providers.

This marks the...

Deloitte member firms celebrate community involvement worldwide on annual Impact Day June 12, 2006 New York, June 9, 2006—Deloitte Touche Tohmatsu member firms are starting their global fiscal year with the celebration of IMPACT Day—a day Deloitte member firms dedicate to proactively supporting the development of the communities in which they work and their people live.

"IMPACT Day is just one example of how Deloitte member firms are positively contributing to society in ways that one might expect from a global organization," said William G. Parrett, CEO of Deloitte Touche Tohmatsu. "Through year-round community involvement programs, which include millions of hours and the thousands of people from Deloitte member...

Rigorous management key factor for Indian companies looking to compete globally April 3, 2006 India, April 3, 2006 — William G. Parrett, Chief Executive Officer of Deloitte Touche Tohmatsu, today told a gathering of Indian business executives that Indian companies should go back to business fundamentals if they want to become globally competitive and that "good ideas alone" won't be enough.

In an address before the regional council of the Confederation of Indian Industry, Mr. Parrett said while India’s spirit of competitiveness will help position local companies for global success, creativity and...

More Effort is Needed to Build Diverse Workforces and Help Address Critical Talent Shortages March 16, 2006 Paris, March 16, 2006—As markets and industries around the world face a growing shortage of talented people, business leaders must continue to improve the diversity of their workforces, especially within leadership positions to be sustainable in the long term, William G. Parrett, CEO of Deloitte Touche Tohmatsu said today at a business luncheon at the Paris Stock Exchange, where diversity was debated among government and business leaders.

Mr. Parrett acknowledged that strides have been made to include women and minorities within the workforce, including into leadership positions, but the statistics speak for themselves. He...

Deloitte Celebrates International Women's Day and Recognizes Top Female Talent March 7, 2006 New York, March 7, 2006 — On Wednesday, March 8, Deloitte Touche Tohmatsu and its member firms join organizations around the world in celebrating the 97th annual International Women’s Day. International Women’s Day recognizes the accomplishments of all women in continuing the advancement of equality, justice, and peace.

To honor International Women's Day, Deloitte member firms are hosting various programs that focus on women. These activities range from career development forums and opportunities for networking to breakfasts and program launches that support the advancement of women. Deloitte is also...

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