ABOUT DELLOITE :

BACKGROUND:
Deloitte Touche Tohmatsu Limited commonly referred to as Deloitte, is one of the Big
Four professional services firms along with PricewaterhouseCoopers (PwC), Ernst &
Young, and KPMG.
Deloitte is the largest professional services network in the world by revenue and by the
number of professionals.
Have more than 200,000 professionals, with operations in over 150 countries.
Key people: Chairman: Stephen Almond, CEO: Barry Salzberg
HQ: Rockfeller Plaza, New York, USA
Revenue: $ 32.41 billion in 2013
Type of company: UK private co, limited by gurantee
History:
In 1845 William Welch Deloitte opened an office in Basinghall Street in London. In 1896 Charles Waldo
Haskins and Elijah Watt Sells formed Haskins & Sells in New York. Later on this 2 merged to
form Deloitte Haskins & Sells in the USA.
In 1947, Detroit accountant George Bailey launched his own organization. Shortly the Canadian
organization Ross and the British organization George A. Touche joined it and in 1960 the firm was
renamed Touche, Ross, Bailey & Smart, becoming Touche Ross in 1969. They added Tohmatsu Aoki &
Co, a firm based in Japan to their network in 1975.
In 1989 Deloitte Haskins & Sells in the USA merged with Touche Ross in the USA to form Deloitte &
Touche.
SERVICES:
1. Audit & enterprise risk services:
i) Assurance: Global offerings, conversion of accounts to those complying with US GAAP and
IFRS, and specialised audit services including detailed investigations etc.
ii) Enterprise risk management: Helps organisations build value by taking a risk-intelligent
approach to manage financial, technological and business risks. This approach helps our clients
to focus on key areas of increased risk, manage them in an effective manner and pursue not
only risk mitigation, but also intelligent risk-acceptance as a means of value creation.
iii) Internal audits: Reviews of existing Internal audit functions, reviews of standard operating
procedures / manuals of various commercial/financial processes and agreed upon procedures
reviews of specific commercial / financial processes.
2. Consulting:
Deliver measurable/ quantifiable improvement in business performance; drive shareholder value
and create sustainable competitive advantage. We have in-depth expertise across a range of
industries. These include financial services, leisure, tourism and hospitality, manufacturing,
technology and media and transport and infrastructure.
i) Business process solutions: Outsourcing based main business activity- includes:
Financial management & Accounting Outsourcing
Accounting process review
Preparation of accounting manual
Corporate secretarial services
Payroll outsourcing services
Application data migration services
Chief Financial Officer Services

ii) Enterprise applications: from the back office to the front desk, from Customer relationship
management (CRM) to Enterprise resource planning (ERP) and includes packages like:
Infor
Oracle
SAP
iii) Strategy & operations: Helps clients make major strategic decisions and implement
business improvements in areas such as business IT strategy enterprise cost reduction,
corporate performance measurements, business process reengineering, customer relationships,
mergers & acquisitions, CFO framework, program leadership and more.
iv) Human capital advisory services: help clients unleash hidden value of your talent by
working with HR departments defining a people strategy . It address a number of issues ranging
from organisation culture, change and performance optimisation to learning strategies. Help
people and organizations perform better, more cost-effectively and with greater flexibility.

v) Technology integration: Helps clients realize the business value from IT and use this tool
as an enabler for organizational success. It includes:
Information management: management of business data and corporate performance
Tech advisory: cost rationalization, sourcing, procurement, architecture.
3. Financial advisory:
Advice clients in a number of industry verticals ranging from corporate finance, transactions,
valuations, forensic & dispute resolution and reorganization with a focus on helping our clients
increase value.
i) Corporate finance advisory: Enhance value through the delivery of strategic advice and
execution services to corporations, financial institutions and public sector companies. Corporate
finance advisory services include:
Mergers & acquisitions
Sales or divesture
Capital raising Private equity or capital markets
Strategic & general corporate advice
Project finance & public private partnerships
Business modeling
Funding assistance
ii) Forensic & dispute services: Identifies and deals with a wide range of financial
irregularities or fraud, misconduct and business disputes, and delivers clear, logical analysis,
and fact finding reports. It includes:
Fraud Risk Management
Anti-Bribery and Corruption Consulting
Anti-Money Laundering Consulting
Business Intelligence services
Whistleblower Hotline

iii) M&A transaction services: Solve accounting, tax, regulatory, cultural and labour issues
common to mergers, acquisitions, leveraged buyouts, joint ventures, divestitures or spin-offs.
iv) Reorganisation services: Identify and address key strategy, operations, infrastructure, and
financial trouble areas and work collaboratively with clients to provide sustainable solutions. It
includes:
Advising underperforming companies
Assisting financial stakeholders
Turnaround management
Exit management
Insolvency & bankruptcy services
Insurance
v) Valuation services: Price allocations across a broad range of industries, including: financial
and professional services, technology, media and communications, manufacturing, natural
resources, distribution and retail, healthcare, hospitality, and waste management. It include:
Business valuation
Intangible asset valuation
Tangible asset advisory services
Dispute resolution support
Fairness opinion
Specialised services (including financial modelling)
4. Tax services:
i) Business tax services: delivers a comprehensive, practical approach to tax planning that
helps multinational businesses meet their worldwide tax and statutory responsibilities.
Also provides legal knowledge on critical business issues.
Helps clients to lower the effective cost of doing business locally and globally by optimizing cash
incentives
ii) Cross-Border Tax: Advise companies on a broad range of inbound and outbound tax
issues, including structuring initial overseas investments, financing international operations,
cross-border transactions, management of the global effective tax rate and business re-
structuring.
iii) Global employer services: Delloite offers MNCs range of services regarding labour and tax
laws in different geographies.
iv) Indirect tax: Help design strategies and structure global transactions to reduce indirect
taxes like GST, VAT etc., customs duty payments and other international trade costs, increase
duty recoveries, and help to ensure legal and regulatory requirements are met in a cost-effective
manner.
5. Integrated Market Offerings:
Provide comprehensive, issue-based solutions to help our clients address the rapidly changing
business environment and stay ahead of their competition.

RECENTLY IN NEWS:
1. Selected by Coal Ministry out of 9 professional service firms for restructuring of Coal
India Ltd.
2. Withdrew audit report of Financial Technologies as the NSEL scam was unearthed
after submission of the report. NSEL is a subsidiary of FT group.
3. HDFC Bank, has appointed Deloitte Touche Tohmatsu India Pvt Ltd the accounting
and audit firm, to carry out an independent forensic enquiry into the allegations made by
Cobrapost representatives, stating that the bank employees are encouraging customers
to evade income tax payments. (March 2013)