Consultancy firm joins PwC… Court
approves KPMG Canada overtime redress plan… Grant Thornton
maintains AIM market position…

MERGERS AND ACQUISITIONS
Consultancy firm joins PwC

PricewaterhouseCoopers Australia (PwC) has acquired consultancy
firm Franchise Developments Management Consulting. The
Melbourne-based firm provides national specialist strategy and
consulting expertise, including development and documentation. It
will now be integrated into PwC’s private client services team.

PwC national managing partner Doug McCluskey said: “The
acquisition will broaden and deepen PwC’s expertise in franchising,
enabling us to provide an additional dimension of strategic advice
to private businesses wanting to grow in domestic and offshore
markets.”

LEGAL
Court approves KPMG Canada overtime redress plan

KPMG Canada has announced the court approval for an Overtime
Redress Plan (ORP) for the settlement of a class action against the
firm for unpaid overtime. The ORP, which the firm established in
February, was designed to ensure that all eligible current and
former employees were fairly compensated, according to the relevant
provincial laws, for all statutory unpaid overtime since 1 January
2000.

KPMG chief executive Bill MacKinnon said: “We are very pleased
that KPMG’s ORP has now been approved by the court. When the claim
was commenced in September 2007, we conducted a thorough
investigation of our work practices. At that time, we promised that
we would directly and fairly address our employees’ concerns about
unpaid statutory overtime. The prompt implementation of the ORP in
February of this year delivered on our commitment.”

AUDIT
Grant Thornton maintains AIM market position

Grant Thornton continued its dominance of the UK Alternative
Investment Market (AIM) according to the latest Hemscott auditor
rankings. The mid-tier firm, with 228 clients, and KPMG, 185
clients, held on to the top two spots despite each posting a
four-client loss. Deloitte bucked the trend of client losses by
increasing its number of AIM clients by three to 139. This put it
in third place, tied with BDO Stoy Hayward. KPMG continues to lead
in the financial sector with 63 clients, ahead of Grant Thornton
with 45. Grant Thornton continued to assert its dominance as the
auditor with the most clients in the industrials, consumer goods,
consumer services and technology sectors.