ASSIGNMENT 2 PARENT COUNTRY OF DELOITTE : (USA) Business Functions of Deloitte in US: Deloitte provides industry-leading audit, consulting, tax, and advisory services to many of the world’s most admired brands, including 80 percent of the Fortune 500. Its people work across more than 20 industry sectors with one purpose: to deliver measurable, lasting results. They help reinforce public trust in their capital markets, inspire clients to make their most challenging business decisions with confidence, and help lead the way toward a stronger economy and a healthy society. As a member firm of Deloitte Touche Tohmatsu Limited, a network of member firms, Deloitte is proud to be part of the largest global professional services network, serving various clients in the markets that are most important to them.
Transcript
ASSIGNMENT 2
PARENT COUNTRY OF DELOITTE : (USA)
Business Functions of Deloitte in US:
Deloitte provides industry-leading audit, consulting, tax, and advisory services to many of the world’s most admired brands, including 80 percent of the Fortune 500. Its people work across more than 20 industry sectors with one purpose: to deliver measurable, lasting results. They help reinforce public trust in their capital markets, inspire clients to make their most challenging business decisions with confidence, and help lead the way toward a stronger economy and a healthy society. As a member firm of Deloitte Touche Tohmatsu Limited, a network of member firms, Deloitte is proud to be part of the largest global professional services network, serving various clients in the markets that are most important to them.
Clients count on Deloitte to help them transform uncertainty into possibility and rapid change into lasting progress. Their people know how to anticipate, collaborate, and innovate, and create opportunity from even the unforeseen obstacle.
Deloitte’s dedication to leadership extends beyond only clients and the commercial marketplace to their own organization and the communities where they work and live. The company’s success depends on cultivating and celebrating diverse skill sets, backgrounds, and values. And they enable leadership throughout their communities through pro-bono and volunteer work that leverages their skills and experience to help others achieve their goals.
In the United States, Deloitte LLP is the member firm of
Deloitte LLP helps coordinate the activities of these
subsidiaries. Deloitte LLP and these subsidiaries are
separate and distinct legal entities. Each of these
subsidiaries is organized under Delaware law, it is
separately capitalized, has its own Chairman and CEO
and Board of Directors, and provides a distinct array of
services.
When you contract for the provision of services with one
of the subsidiaries of Deloitte LLP, only that subsidiary is
responsible for the provision of those services and is the
only entity with potential liability for any claims that may
arise in connection with such services. Certain services
may not be available to attest clients under the rules and
regulations of public accounting.
ABOUT DELOITTE NETWORK
“Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, tax and related services to select clients.
These firms are members of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”). Each DTTL member firm provides services in particular geographic areas and is subject to the laws and professional regulations of the particular country or countries in which it operates. Each DTTL member firm is structured in accordance with national laws, regulations, customary practice, and other factors, and may secure the provision of professional services in its territory through subsidiaries, affiliates, and other related entities. Not every DTTL member firm provides all services, and certain services may not be available to attest clients under the rules and regulations of public accounting. DTTL and each DTTL member firm are legally separate and independent entities, which cannot obligate each other. DTTL and each DTTL member firm are liable only for their own acts and omissions, and not those of each other. DTTL (also referred to as “Deloitte Global”) does not provide services to clients.
Deloitte has more than 220,000 professionals at member firms delivering services in audit, tax, consulting, financial advisory, risk management, and related services in more than 150 countries and
territories. Revenues for fiscal year 2015 were US$35.2 billion.
Business Functions of Deloitte in U.S. INDIA Offices (USI):
Over the last four years, the Deloitte U.S. India offices (USI) have been a playing a pivotal role in enhancing Deloitte’s strategic positioning as an employer of choice in the India Talent marketplace. The organization not only doubled its strength during this period and expanded its footprint to Bengaluru and Delhi, but also significantly expanded Deloitte’s positioning in leading business schools as an organization that attracts, develops and retains top talent.
In a matter of pride for the professionals, Deloitte made a remarkable leap in The Universum’s most attractive employers ranking in APAC and India; and retained its ranking as among top three recruiters at the foremost 21 business schools in India in the annual survey by The Economic Times, one of India’s leading business dailies. In FY14, USI recorded a 22 percent increase in headcount. The steady rise in Deloitte’s positioning in the talent marketplace as a preferred employer bears testimony to USI’s capabilities in delivering a distinct competitive edge to Deloitte.
· Ranked No. 2 among “APAC’s Most Attractive Employers2014” — by The Universum. · Up by three places from No. 5 in 2013 · Ranked No. 5 among “India’s TOP100 Ideal Employers2014” — by The Universum. · Up from No. 21 in 2013 · Ranked No. 3 in “India's Top Recruiters” at the 21 top Bschools in India — by The Economic Times. · Ranked No. 3 in 2013 and among top 5 for the third consecutive year. The rankings measure Deloitte’s level of attractiveness as an employer of choice and stand testament to its values, culture and the opportunities that Deloitte represents, in the Indian marketplace. Taking its commitment towards growth to a new level, and ensuring flexibility for practitioners, the Strategy and Operations (S&O) team at U.S. India (USI) Consulting has recently set foot in the Bengaluru office. This move is in addition to the already existing Technology and Human Capital (HC) Consulting teams, and will help strengthen the Advisory capabilities in Bengaluru. There are about 180 Advisory practitioners (including the Deloitte Consulting Innovation team) currently operating from Bengaluru now. The strategic focus for Bengaluru operations will be to expand the Technology capabilities
and introduce new offerings in Analytics and digital services, as well as to become the USI base for COEs (Center of Excellence). As part of the organization’s commitment to clients and the endeavor to equip USI client service professionals to deliver exceptional value clients, U.S. India offices are making significant investments in Industry Learning. Recently, the U.S. India National Industry Learning Team and the Public Sector Industry team, under the leadership of U.S. India Consulting directors Matt Even and Sejal Madiya, collaborated to execute a first of its kind Public Sector University course for U.S. India professionals aligned to this industry .The two-day program, attended by 40 professionals from across functions and office locations of USI, was facilitated by two accomplished external trainers Kenneth Smith and Sanjeev Sethi. They offered deep insights into what goes behind in taking a potential opportunity from the stage of a proposal to a client engagement, through real life examples.
Driving the vision of ‘One Analytics’ — The USI Analytics Summit For the first time, business functions across Deloitte U.S. India (USI) came together to host the USI Analytics
Summit 2014 at DU (The Leadership Center in India). The initiative brought together more than 500 professionals from across all USI business functions under the ‘One Analytics’ umbrella. Attendees comprised industry experts, leadership from U.S., USI, and other member firms. The conference served as a melting pot of ideas and insight into analytics — undoubtedly the 'next big thing' in the business sphere. It was also an ideal environment for the analytics fraternity at USI to network and learn about best practices and new ideas from thought leaders and peers, and collectively discuss the current state and the future opportunities in the analytics space. Deloitte USI offers business functions in the following services:-
1> AUDIT- Provides the organization's traditional accounting and audit services, as well as internal auditing and IT control assurance to assist clients in achieving their business objectives.
2> CONSULTING- Assists clients by providing services in the areas of enterprise applications, technology integration, strategy & operations,human capital, and short-term outsourcing.
3> FINANCIAL ADVISORY- Deloitte’s financial services industry specialists provide comprehensive, integrated solutions to the
banking and securities, insurance and investment management sectors.
4> ENTERPRISE RISK - Provides offerings in enterprise risk management, information security and privacy, data quality and integrity, project risk and business continuity management.
5> TAX – Deloitte offers clients a broad range of fully integrated tax services. Helps clients increase their net asset value, undertake the transfer pricing and international tax activities of multinational companies, minimize their tax liabilities, implement tax computer systems, and provides advisory of tax implications of various business decisions. CURRENT BUSINESS HEADS OF DELOITTE (US)
The US Technology practice leadership team focuses on understanding the complex needs of their business, and brings their knowledge, insight and experience to offer potential solutions to the most complex business issues. They represent an entire practice of innovators, who are dedicated to help people transform their business through technology.
Craig Hodgetts , US National Managing Director, Technology : Craig, a principal in Deloitte Consulting LLP,
wants to transform the way technology can enable business strategy and performance. In his current role, Craig oversees advisory, implementation, and sustainment services, and the 16,000+ consulting technology professionals in the US and India. Craig has led many large-scale SAP implementations across the Americas, Asia- Pacific, and Europe, and has also played a Quality Assurance role on many of Deloitte’s most complex SAP projects.
Bill Briggs, US Chief Technology Officer :
Bill is a strategist with deep implementation experience – helping clients anticipate the impact that new and emerging technologies may have on their business in the future, and getting there from the realities of today. As CTO, Bill is responsible for helping to define the vision for Deloitte Consulting LLP’s technology services, identifying and communicating technology trends affecting clients’ businesses, and shaping the strategy for Deloitte Consulting LLP’s emerging services and offerings.
Catherine is a director in Deloitte Consulting LLP with 20 years of experience delivering technology solutions to public sector clients. She is the Chief Talent Officer for the Technology service area, with leadership
Bonnie is a principal with Deloitte Consulting LLP and has 25 years of large technology advisory, development, and implementation experience with both custom and package applications. She focuses on complex systems integration projects in the ERP, customer relationship management, and data warehousing arenas. She has also played numerous leadership roles, including overseeing the Western Technology Practice and Deloitte’s global technology development and delivery centers in India and the US.
John Ciaramella , Global Application Management Services Leader :
John is a principal with Deloitte Consulting LLP and the Global Application Management Services (AMS) leader. In this role, he helps clients achieve value opportunities with AMS. His deep insights and experience help him develop services for clients that can bring change that produces results.
Paul Fitzgerald, Principal, Federal Technology:
Paul Fitzgerald is a senior partner in the Technology Service Area where he has specialized in providing
strategic services to CIO’s of large corporations and government agencies for more than 25 years. His focus areas have included the adoption of emerging technologies, the management and reorganization of complex IT organizations, the implementation of IT Management Best Practices, and the impact and synergies to be achieved from large complex corporate mergers.
Tom Galizia, US Technology Strategy and Architecture Leader :
Tom focuses on new, innovative, and enabling technologies to help clients navigate changing market dynamics, deliver transformational business strategies, and drive efficient IT operations. Tom has 21 years of experience across many industries, with a primary focus on technology. Specific areas include cloud advisory, Internet of Everything applications, smart cities, industry vertical solutions, emerging markets, project portfolio management, and M&A diligence/integration.
Haissam Issa, US Systems Integration Leader : Haissam is a principal with Deloitte Consulting LLP. He specializes in delivering custom and integrated cross-platform technology-enabled solutions. His delivery experience spans business design, systems integration, architecture, end-to-end implementation, and outsourcing.
Andy is a principal with Deloitte Consulting LLP, and US leader for Deloitte Digital. In this role, he helps clients gain business value by using digital to improve their engagement with customers, employees, partners, communities, and suppliers at every touch point along the journey.
Karen Mazer, Client Excellence National Managing Director : Karen is a principal with Deloitte Consulting LLP and co-leads Deloitte’s CIO Program. Karen specializes in serving Consumer and Industrial Products clients, with a focus on large scale transformation efforts, including operations improvement and technology implementations. Prior to this, she has held various geography, industry, and alliance partner leadership roles–as well as had global responsibility for the development, deployment, and support of our methods and tools. Karen currently serves on Deloitte’s US Board of Directors.
Roxana Rascoe, US Oracle Leader :
Roxana, a principal with Deloitte Consulting LLP, has 31 years of experience in Finance Transformation and Supply Chain projects that leverage Oracle technologies, including EBS and JD Edwards. She has had global experience including LATAM and EMEA and experience
serving clients in a number of industries including Telecom, High-Tech, Defense, Media, Insurance, and Real Estate.
Doug Shoupp, Chief Strategy Officer, US Technology Practice :
Doug is a principal with Deloitte Consulting LLP. He has more than 20 years of experience helping clients apply technology to solve their most complex and critical business challenges. He specializes in enterprise and application architecture, large-scale testing, performance management, order management, transaction processing, and services architecture.
Mark Shilling, US Information Management Leader :
Mark is a principal with Deloitte Consulting LLP where he leads an organization of dedicated professionals who help clients address business challenges by unlocking the value buried deep in their data. His focus is to help organizations cut costs, improve controls, more effectively manage the business, and foster future growth–grounded in leveraging information management and ERP solutions.
Erica Volini, US HR Transformation Leader :
As the US HR Transformation practice leader, Erica works with organizations to determine how best to deliver HR
services which enable global growth and drive enhanced profitability. Erica has led global HRT projects involving Workday, SAP, Success Factors, PeopleSoft and Oracle. Erica also serves on Deloitte’s board advisory council and is the leader for the Service Delivery Transformation practice which focuses on transformation across HR, finance, IT, and procurement.
Jan Waals, Global SAP Alliance Leader :
In his over 21 years of consulting, Jan has helped companies headquartered in the US, Europe, and Asia with global implementations through Deloitte’s network of member firms. Jan is accountable for achieving operational and financial performance plans, developing differentiated talent, implementing quality and risk initiatives, and leading SAP market strategies.
Kevin Walsh, Global Technology Consulting Leader :
Kevin has procured, designed, developed and delivered complex transformation programmes for over 20 years. As leader of the UK's Technology practice, Kevin is responsible for the development of Deloitte's capabilities in IT strategy, governance, systems development, systems integration, and infrastructure management. He leads over 650 practitioners who combine business understanding with technology insight and depth across all industry sectors.
Renjen is chief executive officer of Deloitte Global. Previously, he served as chairman of the board, Deloitte LLP (U.S.), and prior to that, chairman and CEO of Deloitte Consulting LLP. Punit most recently served as Chairman of the Board, Deloitte LLP (U.S. member firm) from June 2011-March 2015. As chairman, Punit led the board in providing governance and oversight as well as guidance on priority matters such as firm strategy, risk mitigation, and talent development.
Amry Junaideen (ERS India President) :
Amry Junaideen is President, Enterprise Risk Services, with more than 24 years of diversified global experience in the private and public sector. He has served a variety of multi-national clients over the years and has led global teams on many risk management and information technology related initiatives. In his role, he is responsible for all risk advisory services provided in the Indian market. He sits on the US Advisory Operating Committee, the India Firm Executive Committee, and the Asia Pacific Enterprise Risk Services Executive Committee. He is also on the US Firm Board of Directors Board Council and Global Committee.
Sumeeta Hari ( QRM DIRECTOR ):
Sumeeta Hari is Director, Quality And Risk Management at U.S. India Consulting, was recently recognized as one of the ‘50 Most Talented Quality Professionals of India’ at a global awards ceremony hosted by the World Quality Congress in Mumbai. Competency criteria included strategic perspective, business goal management, risk management, team orientation, networking etc. are. She was also recognized for factors like internal perception within the organization and external perception based on credibility, achievement, integrity, value contribution to the business, and work life balance. Nikita Tete (Vice President Knowledge Services): The Global Knowledge Management Congress 2014 felicitated Nikita Tete, vice president — Knowledge Services with the prestigious Knowledge Management Leadership Award .The award recognizes Nikita’s contributions to the field of knowledge management as a strategic and an iconic leader. At Deloitte she has showed her commitments to leverage the value of knowledge management for growth, innovation and exceptional client service.
WORKING RELATIONSHIP BETWEEN DELOITTE US AND DELOITTE INDIA Deloitte India (Deloitte Haskins & Sells) looks after the Indian operations and serves majorly Indian clients in matters of taxation, etc and carries out audits. On the other hand, Deloitte US India is a offshore unit of Deloitte US, where the work is done in collaboration with the US entity and the clients are mostly US based. Both are seperate legal entities.
Clients: Deloitte India, as the name suggests, deals primarily with Indian, and to an extent, SAARC, ME and African clients, in which USI deals with outsourced work from US and Europe.
Working style: India offices need one to do end-to-end work at client place directly, while USI requires one to do specialized outsourced work from office.
Facilities and perks: USI offices have greater facilities and perks, compared to India offices, as they have to target more retention in USI due to office nature of the job. That being said, USI has greater onsite opportunities, and lower office formalities. Deloitte consulting INDIA have actual US clients while other entities like Deloitte
Canada, Deloitte Belgium , Deloitte UK etc are clients of Deloitte SSLP.
Deloitte LLP and each of its primary subsidiaries — Deloitte & Touche LLP, Deloitte Tax LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, and Deloitte Transactions and Business Analytics LLP — are private partnerships registered under the laws of the State of Delaware as limited liability partnerships. These subsidiaries provide audit and enterprise risk services, tax, consulting, and financial advisory services. Each of the subsidiary partnerships is capitalized separately, operates as a separate legal entity with its own management and governance, and provides a distinct though complementary array of services. This structure was designed to align the legal structure to conduct their business. Each of these subsidiaries is owned, directly or indirectly, by Deloitte LLP and by the partners and principals who actively participate in the practice of that subsidiary. Deloitte LLP facilitates the coordination of the activities of its subsidiaries and has a management structure and a board of directors to provide governance across the organization. Deloitte LLP does not provide services to clients; services are performed by each of the primary subsidiaries. Where required by state accountancy laws, Deloitte LLP and its subsidiaries are
appropriately licensed to practice public accountancy, and the owners of the partnerships are also subject to the requirements of state laws regarding the licensing of certified public accountants (CPAs) and the operations of the partnerships. Deloitte & Touche LLP, a subsidiary of Deloitte LLP, is focused on providing quality audits to US-based multinational audit clients through a globally consistent methodology executed locally in more than 150 countries and territories. Performing audits of multinational companies with subsidiaries around the world involves complexities regarding scoping, coordinating, and executing audit work, whether performed by the US lead engagement team or component auditors in non-US locations. The need for an independent, objective, trusted voice in the global capital markets is more important than ever. Deloitte remains committed to transparency and maintains a good working relationship among its subsidiaries and will continue to engage constructively with their regulators, elected officials, and other stakeholders in pursuit of policies that further strengthen the quality of financial reporting for the investing public. As professionals committed to excellence, Deloittians are
dedicated to providing the investing public with audits they can trust.
