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As governments depend on multinational consulting firms not just for advice on COVID-19 but for core policy-making functions, we should question the extent to which such partnerships have really augmented government capacities — or hollowed them out. (Shutterstock)

Consulting firms are the ‘shadow public service’ managing the response to COVID-19

Since the beginning of the pandemic, governments in Canada have spent hundreds of millions of dollars on outside consulting firms like McKinsey, Deloitte and EY with almost no public oversight.
South African protesters hold placards as they march against corruption. Reuters/Siphiwe Sibeko

Lessons from KPMG: be on guard, South Africans are on your case

The South African arm of the international accounting firm KPMG has learnt the hard lesson: Don’t break the 11th commandment - don’t get caught. That’s because South Africa’s citizens are fed up with corruption.
Gloomy times for BB&T bank, as it misses out on $660m in tax credits. zen Sutherland

Barclays and KPMG involved in $660m tax ‘sham structure’

What are the chances that in the face of public criticisms, big business would curb its tax avoidance practices? Well, not much, as evidenced by a case decided by the US Court of Federal Claims. Salem…
Opportunities in Asia and an increased focus on management consulting could see the Big Four bounce back from revenue slump. yago1 via Flickr

Despite revenue hiccups, the future remains bright for the Big Four accounting firms

The revenue of Australia’s Big Four accounting firms has come under pressure as demand for traditional services such as auditing weakens. But a move into strategic consulting and the potential for more…

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