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The latest news and information from Deloitte LLP and its subsidiaries. Press releases date back approximately 12 months, with the most recent appearing at the top of the page.

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Deloitte Study Recommends a Better Approach to Dealing with Congested Roadways in the United States September 16, 2008 WASHINGTON, D.C., September 16, 2008 — Road user pricing is an effective approach to the gridlocked traffic facing many communities in the United States, according to a new study from Deloitte. Changing Lanes: Addressing America’s Congestion Problems Through Road User Pricing details ways various road user pricing systems can be implemented to help reduce congestion, raise necessary funds for infrastructure improvements and reduce the environmental impact of congested roads.

From Los Angeles to Chicago...

Deloitte Forecasts 2.5 to 3.0 Percent Increase September 16, 2008 NEW YORK, September 16, 2008 – With many economic factors weighing heavily on consumers’ minds and wallets, retailers should expect only a modest increase in holiday sales over the 2007 season, Deloitte forecast today.

“Higher energy and food prices are making a dent in consumers’ wallets, and the dramatic drop in home mortgage refinancings has dried up a substantial source of discretionary funds,” said Carl Steidtmann, chief economist with Deloitte Research, a subsidiary of Deloitte Services LP.  “In addition,...

Deloitte Issues White Papers on IFRS for Retail and Life Sciences Sectors September 15, 2008 NEW YORK, September 15, 2008

What:    New white papers:

  • “International Financial Reporting Standards Considerations for the Retail Industry"
  • “IFRS in the Life Sciences: Broad Implications”

When:    Available immediately

Where:  www.deloitte.com/us/ifrs/retail
              www.deloitte.com/us/ifrs/lifesciences
   

Deloitte 7th Annual Fair Value Pricing Survey Reveals Mutual Funds Converging Around Universal Fair Value Practices September 15, 2008 NEW YORK, September 15, 2008 - In a valuation environment complicated by structured products, rising price challenges associated with market unrest and defaults and a new FAS 157 landscape, U.S. mutual funds are responding with a strong commitment to achieving fair value via an increased focus on policies, procedures and investment of resources, according to Deloitte’s 2008 Fair Value Pricing Survey, released today. 

“Mutual funds have been challenged over the last year to perform daily pricing in very uncertain times.  Deloitte’s Fair Value Pricing Survey results confirm...

Deloitte Consumer Spending Index Falls September 12, 2008 NEW YORK, September 12, 2008 — The Deloitte Research Leading Index of Consumer Spending fell in August, due primarily to a continued soft housing market and a worsening labor market. The Index attempts to track consumer cash flow as an indicator of future consumer spending.

“The economy continues to be weighed down by a labor market that is getting worse and the continued softness in the housing market,” said Carl Steidtmann, chief economist with Deloitte Research, a subsidiary of Deloitte Services LP, and author...

Ken Robinson Joins Deloitte to Lead Tax for Health Plans Industry Group September 11, 2008 WASHINGTON, D.C., September 11, 2008 — Ken Robinson, a seasoned, 25-year tax industry veteran, has joined Deloitte as the new U.S. Tax Leader for Deloitte’s Health Plans industry group.

Robinson joins Deloitte from Coventry Health Care, where he served 10 years as the vice president of the company’s tax organization. While at Coventry, he led all related tax functions and set corporate tax policy.  Robinson brings to Deloitte deep experience in mergers and acquisitions, statutory tax (SSAP No. 10), Statement of Financial Accounting Standards No. 109 and FASB Interpretation No. 48 on tax...

Deloitte Launches Leadership Group for the Anti-Money Laundering Industry September 10, 2008 NEW YORK, September 10, 2008 - The anti-money laundering (AML) environment continues to evolve quickly. To provide compliance officers the tools they may need to establish and maintain an AML and sanctions compliance programs consistent with regulatory expectations, Deloitte today announced the launch of the Deloitte Anti-Money Laundering Strategic Leadership Group  (Deloitte AML SLG), an organization consisting of more than 1700 members from over 170 institutions.

The AML Strategic Leadership Group was founded by Joe Hanvey in 2002 prior to his joining Deloitte.  The group was used as a forum to discuss the...

Colonel Gary A. McAlum, Former Chief of Staff, Joint Task Force for Global Network Operations Joins Deloitte & Touche LLP September 9, 2008 WASHINGTON, D.C., September 9, 2008 — Colonel Gary A. McAlum, the former chief of staff and director of operations for the Joint Task Force Global Network Operations (JTF-GNO) at the U.S. Strategic Command, has joined Deloitte & Touche LLP in the organization’s Federal Government Services Practice. In his new role, McAlum will be a key player involved in developing cyber security strategies and solutions for federal and commercial clients.

“Col. McAlum has had a distinguished military career, and we’re very pleased to have him on our team at Deloitte,” said Gene Procknow, principal and managing director, Federal...

IFRS White Papers For Automotive and Aerospace & Defense Industries Available From Deloitte September 5, 2008 NEW YORK, September 5, 2008 — Deloitte has issued two new white papers that provide information to chief financial officers, senior finance leaders and other corporate executives regarding the adoption of International Financial Reporting Standards (IFRS) for the automotive and aerospace & defense industries.

The papers, part of a series launched by Deloitte, are particularly timely given the Securities and Exchange Commission’s recently proposed IFRS Roadmap to mandatory adoption of IFRS and proposed rule changes that would allow certain U.S. companies the option to prepare and issue financial...

Deloitte Book Designed to Help CFOs Assess Cost-Cutting Compliance, Earnings Guidance, Going Green and Other Key Issues September 3, 2008 NEW YORK, September 3, 2008When CFOs Debate, a new book released today from Deloitte, is designed to help chief financial officers as they think through some of the most pressing issues they face and see all sides of the argument when it comes to critical business decisions. Issues covered in the book include: automating financial systems, providing earnings guidance, offshoring, investing in going “green,” adopting International Financial Reporting Standards and attracting and retaining the best talent.

“This is an unprecedented and demanding time for CFOs. They are torn between...

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