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Press Releases
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. To receive the latest news and information from Deloitte—delivered to your desktop — sign up for our RSS feeds. Learn more from our media contacts or connect with us at a Deloitte event.
| Deloitte Book Designed to Help CFOs Assess Cost-Cutting Compliance, Earnings Guidance, Going Green and Other Key Issues |
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September 3, 2008 |
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NEW YORK, September 3, 2008 — When 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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| Deloitte Launches Series of IFRS Industry-Specific White Papers |
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August 29, 2008 |
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NEW YORK, August 28, 2008 — With the Securities and Exchange Commission’s (SEC) recently approved proposed IFRS Roadmap and rule that would permit certain U.S. companies to prepare and issue financial statements using International Financial Reporting Standards (IFRS), Deloitte has launched a series of white papers that offer considerations and guidance on IFRS conversion for specific industry sectors. The first three papers in the series address IFRS considerations in the |
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| Deloitte Report Recommends Careful Consideration of Global Tax Implications of IFRS Conversions |
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August 28, 2008 |
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NEW YORK, August 28, 2008 – A new report issued today by Deloitte strongly urges corporate tax executives to closely watch other countries’ transition to International Financial Reporting Standards (IFRS), which could have a significant bearing on global tax planning. "Yesterday’s SEC [Securities and Exchange Commission] action paving the way for certain U.S.-based multinationals to adopt IFRS represents the latest step forward in a... |
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| Deloitte Announces David J. Fornari As National Managing Director Of Energy And Resources, Federal Government Services |
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August 21, 2008 |
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WASHINGTON, D.C., August 21, 2008 — Deloitte recently announced that David J. Fornari, principal of Deloitte Consulting LLP, will lead client services for the U.S. Department of Energy, and will serve as national managing director of the Energy and Resources services for their Federal Government Services segment.
“Dave brings a wealth of experience to our Federal service delivery team, and we are pleased that he is heading up Energy and Resources,” said Gene A. Procknow,... |
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| IFRS Not Just About Technical Accounting; Technology and Systems Important for Successful Implementation |
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August 18, 2008 |
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NEW YORK, August 18, 2008 — Much of the talk around convergence and adoption of International Financial Reporting Standards (IFRS) has understandably focused on the impact on accounting and financial reporting functions. However, in a paper released by Deloitte, the impact of IFRS on technology systems should not be underestimated and left too late in the planning process. The Deloitte paper, “Technology Implications of IFRS Adoption for U.S. Companies,” focuses C-suite executives, particularly the chief financial... |
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| Deloitte Survey: Fraud Events, Disputes and Other Events Represent “Moment of Truth” for Card Issuers |
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August 6, 2008 |
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NEW YORK, August 6, 2008 — For credit card users, a trust-damaging event like fraud can be the “moment of truth” in their relationship with their issuer and a negative experience can lead them to switch providers, according to a new survey of consumers in the United States conducted by Deloitte. Among those surveyed who have been victims of fraud, almost one-third reported reducing their business or terminating their relationship entirely. “With payments estimated to drive as much as 30 to 50 percent of an average bank’s revenue, financial institutions can ill afford to make mistakes that may result in losing customers... |
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| Deloitte Opens Electronic Discovery Solutions Center |
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August 5, 2008 |
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NEW YORK, August 5, 2008 — Deloitte’s Discovery practice is expanding with the launch of its new, state-of-the-art Electronic Discovery Solutions Center. Located near Nashville, Tenn., the centralized, 13,180 square-foot facility will enable Deloitte’s clients to more quickly and effectively address discovery challenges. Discovery is generally defined as the evidence collection process that precedes any lawsuit or legal proceeding. The discovery process is one of the most costly processes facing corporate legal teams as the type and quantity of electronic files proliferate. Since a... |
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| Full Adoption of IFRS Expected; Becoming Important for Companies to Develop Response, Implementation Plan |
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August 5, 2008 |
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NEW YORK, August 5, 2008 — International Financial Reporting Standards (IFRS) implementation is expected to result in significant changes for companies and, in light of the regulatory landscape, the time is now for companies to develop a plan for the accounting switch according to a paper released today by Deloitte. The Deloitte paper, “International Financial Reporting Standards for U.S. Companies: Planning for IFRS Adoption,” provides analysis of the planning process, which includes assessing technical accounting and... |
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| Deloitte Poll: Two Out of Five Executives Say Company Data Volume is Increasing in Size and Becoming Unmanageable |
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August 4, 2008 |
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NEW YORK, August 4, 2008 — The Federal Rules of Civil Procedure were amended 18 months ago, requiring that companies have the ability to access quickly an inventory of various electronically stored information in the event of litigation. Yet, a recent online poll, conducted by Deloitte, found that nearly two out of every five executives (39.7 percent) felt that data volumes in the organizations they’ve worked for are increasing in size and becoming unmanageable. “Discovery is a very serious issue to business today. There are real stakes and real penalties associated with poorly handled discovery. In the past few... |
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| Sondra L. Stokes Joins Deloitte’s Audit & Enterprise Risk Services Practice |
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July 31, 2008 |
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NEW YORK, July 31, 2008 — Former Securities and Exchange Commission Associate Chief Accountant, Sondra L. Stokes, CPA, recently joined Deloitte & Touche LLP as a partner in the SEC Services practice. Stokes specializes in U.S. and international accounting and financial reporting. Her responsibilities include performing pre-filing reviews of SEC filings, assisting clients with the SEC comment process and providing assistance and interpretive guidance to clients on SEC issues, including the application of International Financial Reporting... |
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