E&Y launches telco centre in
China…

UK public sector delays IFRS…

Audit firm joins Baker Tilly…

KPMG strengthens forensic team…

STRATEGY
E&Y launches telco centre in China

Ernst & Young Global has opened a new global telecommunications
centre in Beijing. The centre will act as a hub to serve the
increasing demands of the telecommunications industry in the
region. It will offer services that focus on assurance, risk, tax,
transactions advisory, finance and operations-related issues facing
telecommunications executives in China. The centre is one of four
of its kind – the others are in Paris, San Antonio in the US and
Delhi.

IFRS
UK public sector delays IFRS

The UK government has announced a delay to the implementation of
IFRS in the government’s accounts until the 2009-2010 financial
year. KPMG UK said the extra year will be valuable to enable the
government to prepare thoroughly and restate its previous year’s
accounts for comparative purposes. PricewaterhouseCoopers UK said
the deferral of the implementation date to 1 April 2009 will help
to ease these pressures but should not be a reason to lose any
momentum gained recently.

MERGERS AND ACQUISITIONS
Audit firm joins Baker Tilly

Lithuanian audit firm Scandinavian Accounting and Consulting has
joined mid-tier network Baker Tilly International. The two-partner
firm is headquartered in the city of Kaunas and provides audit,
accountancy, tax and consultancy services. “We are delighted to
further strength our capabilities with the addition of a quality
member firm in what is one of the fastest growing economies within
the European Union,” Baker Tilly International president and chief
executive Geoff Barnes said.

PEOPLE
KPMG strengthens forensic team

KPMG has recruited Stephen Gallagher as a partner in its European
forensic technology team. Gallagher joins KPMG from Accenture where
he led the European business intelligence practice. He worked for
KPMG Consulting earlier in his career, where he helped to build its
business intelligence practice. KPMG’s Forensic practice expanded
from £30 million ($60 million) in 2005 to £53 million in 2007.
Forensic technology revenue grew 60 percent. Adam Bates, global
chairman of KPMG Forensic, said: “Forensic technology is one of the
key pillars in the fight against fraud, and analytical technologies
and processes are integral to that.”