NEW YORK, NY - (IBWire.net Jan 30, 2012) - Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC announced today the release of its weekly news video.
Each week Big4.com covers key news, events, happenings, opinions and blogs relating to all the Big Four accounting and consulting firms. The video can be viewed on the Big4.com website and on Big4.com's channel on Youtube.
This week Big4.com covers the following developments:
Uncertainty About Medicare ACO Participation
ITEM Club Forecasts UK Recovery Paralysis
Eurozone Crisis Continues To Challenge Resilient RGMs
Companies Inadequately Prepared For The New Risk Landscape
New Partners Position Deloitte In Papua New Guinea For Additional Growth
Global Powers Of Retailing 2012 Report Released
KPMG: Uncertainty About Medicare ACO Participation
According to a poll conducted by KPMG LLP, the U.S. audit, tax and advisory firm, Epstein Becker Green, a national law firm and The JHD Group, senior executives at hospitals, health systems, and insurers surveyed said their organizations do not have a comprehensive understanding of the various Centers for Medicare and Medicaid Services and their financial implications, even after publication of final rules.
According to responses from healthcare leaders polled in November, 57 percent of hospital and health system respondents said they still don’t know how the final rules will impact their organization’s participation in the MSSP program.
Ernst & Young: ITEM Club Forecasts UK Recovery Paralysis
UK GDP is expected to flatline for the rest of year according to the latest quarterly forecast from the Ernst & Young ITEM Club. ITEM Club’s winter forecast says that deteriorating levels of confidence will see business investment stagnate in 2012, whilst export prospects have already slowed. According to the report, the UK is probably already in a technical recession and will struggle to reach positive growth until 2013.
The report also states, the UK’s recovery is still heavily dependent on exports. Exports accounted for most of last year’s growth, adding 0.9 percentage points to GDP in 2011.
Ernst & Young: Eurozone Crisis Continues To Challenge Resilient RGMs
The rapid-growth markets or RGMs are expected to grow collectively by 5.3% in 2012, in stark contrast to the mild recession expected in the Eurozone in H1 2012 and modest growth in the US, according to Ernst & Young’s quarterly Rapid-Growth Markets Forecast .
While growth in 2012 is expected to be lower than forecast by RGMF in October 2011, these markets will continue to contribute nearly half of the world’s growth over the next three years. Despite a bullish outlook for the medium-term, RGMF anticipates a significant slowing in growth in the near term for RGMs, well below the buoyant recovery in 2010.
PwC: Companies Inadequately Prepared For The New Risk Landscape
A new PwC paper, Black swans turn grey: the transformation of risk, stresses that businesses need to be more innovative to achieve wider risk resilience if they are to combat catastrophic ‘black swan’ events, such as terrorist attacks, tsunamis or major oil spills.
The paper suggests that comprehensive risk management practice, when properly embedded, can help protect a corporation’s reputation and enhance resilience, while providing a clear view of the board’s attitude to integrity, risk and safety. There is growing evidence to indicate businesses that are seen to establish a risk-aware culture and behaviors are more highly valued by the markets.
Deloitte: New Partners Position Deloitte In Papua New Guinea For Additional Growth
According to Paul Barber, Office Managing Partner of PNG, Deloitte in Papua New Guinea, the company is changing its structure to meet the growing demand for advisory and consulting services in addition to the more traditional compliance services. He recently said the promotions of three individuals were well deserved and will help the PNG office respond to the increasing demand for services and increase revenue.
Deloitte in Papua New Guinea recently promoted Ernie Gangloff, Kirsty Laird and Bouke Wagenaar as partners to cater for increased revenue growth.
Deloitte: Global Powers Of Retailing 2012 Report Released
A new report from Deloitte indicates that 250 of the world’s largest retailers recorded sales growth in excess of 5 percent in FY10 encompassing fiscal years ended through June 2010. This represents a substantial improvement on 1.2 percent growth in FY09.
The 2012 Global Powers of Retailing report from Deloitte Touche Tohmatsu Limited (DTTL), in conjunction with STORES Media, forecasts a cloudy outlook for India with tighter monetary policy slowing its economy.
The report also states that foreign investments in multi-brand retail would positively impact India’s economic growth. The move could lead to a rationalization of the supply chain.
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