Deloitte Consulting changes name, will break from parent by year's end - Kansas City Business Journal:

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"The plan is to separate by the end of thecalendar year," said Chuck Nunamaker, managing director of Deloittes Consulting's Heartland Practice. A Deloitte spokeswoman said earliefr this year that the separation was due to publicc concern about conflicts of interest in the aftermath of rivallfirm Andersen's role in the Enron collapse. New York-based Deloitte Touche the parent company ofDeloitte & reluctantly announced in February plans to separate Deloitte Last week, Deloitte Consulting changed its name to Ernst & Young LLP, KPMG LLP and fast-fadingh Andersen separated their consulting practices in 2000 and 2001.
PricewaterhouseCooperds announced earlier this year that it woulrd separate PWC Consulting in an initial public The new firm will change its name to Deloitteand PricewaterhouseCoopers, the last two big firma retaining their consulting units, came undedr heavy client pressure to cut said Arthur Bowman, editor of Bowman's Accounting Report in Atlanta. "Clientsx were afraid of the perception that the consultintg contracts were impugning the integrity oftheir audits," he "Deloitte Consulting said they were being excludeds from bidding on contracts (with Deloitte & Touch clients) because they were associated with the accountinf firm.
" Unlike Andersen Kansas City's consultinf practice, which formed independen firm MarketSphere Consulting LLP in July and no longer has an affiliationh with a big firm, Nunamaker's practice stil can count on a global networ k of consultants. In fact, the separation couldf provide more opportunities because Deloitte Consulting was limited as to whic hDeloitte & Touche clients it couldd serve, he said. "I don't see any negativer ramifications in terms of our services or our Nunamaker said. Deloitte Consultingg has about 68 employees in Kansas down from 99last year.
Ernsr & Young was the first Big Five firm to drop selling its division to Cap Gemini inFebruary 2000. It seemed like a strange move atthe time, though the accounting firm raises roughly $11 billion in the cash-and-stock Ernst & Young's decision seems prophetic, Bowmamn said. It remains to be seen whether it or the othed remaining Big Four return to consulting after thefuror subsides, he