View the media release archives for the last two years. Most recent media releases are listed at the top of the page.
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| Deloitte welcomes AASB's moves on business combination accounting |
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10 May 2005 |
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Professional services firm Deloitte, today welcomed news that the Australian Accounting Standards Board (AASB) was proposing key changes to the way in which certain transactions such as IPOs, floats and demergers are accounted for under Australian Equivalents to International Financial Reporting Standards (A-IFRS). A-IFRS, the AASB’s Australianised version of International Financial Reporting Standards will be applied by Australian entities from 1 January 2005. The proposed changes will reinsert exemptions for a critical range of so-called ‘business combinations involving entities or businesses... |
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| Business taking risky short cuts with physical asset controls |
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04 May 2005 |
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Many Australian businesses are taking high-risk short cuts with the most basic controls relating to physical assets and their valuation, according to a new survey by Macquarie Collins, a specialist business advisory firm associated with professional services firm, Deloitte.
This survey is the first assessment in Australia of the performance of directors and executive management in physical asset control and valuation - a notoriously difficult and neglected area of corporate governance.
Macquarie Collins Managing Director, Stuart Hayes, said the survey found that basic controls such as physical inspection... |
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| Receivers appointed to Sam's Seafood |
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04 May 2005 |
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Rabobank has appointed Deloitte partners, John Greig and David Lombe, as Receivers and Managers of the Sam’s Seafood Group, due to deteriorating profitability of the Group. Sam’s Seafood distributes and processes a wide range of fresh and frozen seafood for the local and export markets. In addition, Sam’s Seafood operates restaurants on the Gold Coast and Brisbane, as well as a chain of fast food franchises in Queensland and New South Wales. Headquartered in Brisbane, Sam’s Seafood has an annual turnover of approximately $70 million and in excess of 340 employees throughout Queensland and New South... |
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| Deloitte appoints Wayne Goss as new Chairman |
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26 April 2005 |
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Big Four professional services firm Deloitte announced today that Wayne Goss, former lawyer, Queensland Premier and Deloitte Queensland Managing Partner, had been elected Chairman of Deloitte Australia by the firm’s partners. On June 1 Wayne Goss will take over the reins from outgoing Chairman Harley McHutchison who is retiring after two years as Chairman and 44 years with Deloitte. "I look forward with pleasure to Wayne becoming Chairman of the Deloitte Board and leading us into an exciting new era," Deloitte’s CEO Giam Swiegers said.
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| Boards must tackle security or risk staggering losses and reputation damage, according to Deloitte |
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19 April 2005 |
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A single breach of security anywhere in a company’s supply chain can result in staggering losses and reputation damage according to a new study by Deloitte which shows that security is increasingly becoming a focus for directors of corporate boards who view it as a strategic investment that can reap measurable benefits. In its comprehensive study, Prospering in the Secure Economy, Deloitte reveals the cost of cyber attacks against companies worldwide reached AUD$16 billion in 2003, and a case of mad cow disease in 2002 cost the Canadian beef industry AUD$3.2 billion.
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| Victoria leading the way in implementing new accounting standards |
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24 March 2005 |
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At a breakfast forum today, John Brumby, Treasurer of Victoria, said that the Government’s 2005-06 Budget will be the first IFRS based report for any Australian entity and one of the first for any Government in the world. John Brumby outlined the Victorian Government’s approach at a breakfast forum hosted by Deloitte and attended by over 100 senior departmental heads, departmental secretaries, CEOs, CFOs, senior representatives of major statutory authorities and attendees drawn from the private sector. Commenting at the forum on the State’s IFRS preparedness, the... |
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| Trowbridge Deloitte announces changes to its GI actuarial practice |
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22 March 2005 |
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Deloitte announced today that the partners and staff of Trowbridge Deloitte’s general insurance actuarial division will be separating from Deloitte Touche Tohmatsu (DTT) to form a specialist actuarial and insurance consulting practice called Finity Consulting Pty Ltd. The separation is amicable and recognises the trend towards greater statutory actuarial responsibilities in general insurance in Australia, including the recent changes to the Approved Actuary role. Unique to Australia, these requirements make it more difficult to provide both statutory actuarial services and a wide range of... |
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| Deloitte voted most innovative professional services firm |
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22 March 2005 |
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Deloitte, a principal sponsor of the Australian Innovation Festival, was recently voted Australia’s Most Innovative Professional Services firm by the people who matter most – the clients. Deloitte’s innovative approach to its clients has been spearheaded by its web and software development company, Eclipse, who also created the festival’s dynamic and interactive website. The BRW-St George Client Choice Award was decided after the business magazine polled 6,500 professional service clients and asked them to rate 150 professional services firms across a range of industries. Deloitte was selected as the “standout winner” in... |
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| Deloitte wins Clients’ Choice Award |
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21 March 2005 |
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Deloitte was voted “Most Innovative Firm in Professional Services” in the inaugural BRW-St George Client Choice Awards in March. The business magazine polled 6,500 professional services clients who were asked to rate 150 professional services firms across a range of industries. Deloitte was the “standout winner” in the area of innovation, according to judges. “The award supports our decision to do things differently at Deloitte,” Deloitte CEO Giam Swiegers said. “The award validates the decision we took a couple of years ago to retain our consulting business and develop innovative solutions to the big, complex challenges... |
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| Deloitte appoints two partners to Consulting division to focus on CIO Services and Public Sector |
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01 March 2005 |
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Deloitte today announced that it has appointed two new partners to its Consulting division. Peter Bars joins Deloitte from Gartner Australasia where he led the consulting team as Group Vice President Australia and Asia Pacific. Peter has over 20 years’ IT and management consulting experience in Australia, Asia and Europe. He has previously held senior positions at KPMG and Coopers & Lybrand. Peter joins the CIO Services team providing consulting services to clients in areas such as IT strategic planning, system selection and vendor... |
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