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Deloitte People
Deloitte is a multinational professional services network based in London, United Kingdom. It is the largest professional services network in the world by revenue and number of employees, and is one of the Big Four accounting firms, along with EY, KPMG, and PwC. The Deloitte network is composed of member firms of Deloitte Touche Tohmatsu Limited ( ) a private company limited by guarantee incorporated in England and Wales. The firm was founded by accountant William Welch Deloitte in London, England in 1845 and expanded into the United States in 1890. It merged with Haskins & Sells to form Deloitte Haskins & Sells in 1972 and with Touche Ross in the US to form Deloitte & Touche in 1989. In 1993, the international firm was renamed Deloitte Touche Tohmatsu, later abbreviated to Deloitte. In 2002, Arthur Andersen's practice in the UK as well as several of that firm's practices in Europe and North and South America agreed to merge with Deloitte. Subsequent acquisitions have include ...
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Private Company Limited By Guarantee
A company limited by guarantee (CLG) is a type of company where the liability of members in the event the company is wound up is limited to a (typically very small) amount listed in the company's articles or constitution. Most have no share capital, although rare exceptions exist. The form originated in the United Kingdom, and now exists under the company law of the Australia, Bermuda, Gibraltar, Hong Kong, Gambia, and Ireland, and in the Canadian provinces of Alberta and Nova Scotia. It previously existed in New Zealand. It is used primarily but not exclusively by non-profit organisations (including charities) that require legal personality. Other uses include mutual insurance companies and quasi-governmental bodies. Characteristics In the UK, a company limited by guarantee can distribute its profits to its members, if allowed by its articles of association. However, in Australia this is not allowed. In many countries, a company limited by guarantee must include the ...
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Arthur Andersen
Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. By 2001, it had become one of the world's largest multinational corporations and was one of the "Big Five" accounting firms (along with Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers). The firm collapsed by mid-2002, as details of its questionable accounting practices for energy company Enron and telecommunications company WorldCom were revealed amid the two high-profile bankruptcies. The scandals were a factor in the enactment of the Sarbanes–Oxley Act of 2002. History Founding Born on May 30, 1885, in Plano, Illinois, and orphaned at the age of 16, Arthur E. Andersen began working as a mail boy by day and attended school at night, eventually being hired as the assistant to the comptroller of Allis-Chalmers in Chicago. In 1908, after attending courses at night while working f ...
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Lothbury
Lothbury is a short street in the City of London. It runs east–west with traffic flow in both directions, between Gresham Street's junction with Old Jewry and Coleman Street to the west, and Bartholomew Lane's junction with Throgmorton Street to the east. History The area was populated with coppersmiths in the Middle Ages before later becoming home to a number of merchants and bankers. According to Stow, the street was: Lothbury was the location of the Whalebone, a meeting place for the radical Leveller movement in the mid seventeenth-century. At the beginning of the twentieth century, the Great Northern & City Railway planned an underground railway station at Lothbury, but this was abandoned because of financial constraints. Today the nearest London Underground station is Bank, a short way to the south. The nearest mainline railway station is Liverpool Street, with National Rail services towards East Anglia. Buildings The Bank of England moved to its present site on ...
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Great Western Railway
The Great Western Railway (GWR) was a History of rail transport in Great Britain, British railway company that linked London with the southwest, west and West Midlands (region), West Midlands of England and most of Wales. It was founded in 1833, received its enabling act of Parliament on 31 August 1835 and ran its first trains in 1838 with the initial route completed between London and Bristol in 1841. It was engineered by Isambard Kingdom Brunel, who chose a broad gauge of —later slightly widened to —but, from 1854, a series of Consolidation (business), amalgamations saw it also operate Standard gauge, standard-gauge trains; the last broad-gauge services were operated in 1892. The GWR was the only company to keep its identity through the Railways Act 1921, which amalgamated it with the remaining independent railways within its territory, and it was finally merged at the end of 1947 when it was Nationalization, nationalised and became the Western Region of British Railways. ...
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Basinghall Street
Basinghall Street (sometimes written as "Bassinghall") is a street in the City of London, England. It lies chiefly in the ward of Bassishaw (originally the street and the courts and passages leading off from it) with the southern end in Cheap (ward), Cheap and Coleman Street wards. The street and ward are named after the Bassing family, who built a hall house here in the 13th century and who were given certain privileges by the King. The Guildhall, London, Guildhall, of a few separate "wings" has entrances around Guildhall Yard abutting, as well as another street, the west of the street; and the allied Mayor's and City of London Court forming "Guildhall Buildings" and its tree-lined walkways. The street was a direct link between Gresham Street, south then is cut off by building, most directly, from the road aspect of London Wall north. The latter is accessed from the street's north-western spur and Aldermanbury Squares in London, Square and footway by Brewers Hall, or longer nor ...
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Cyberattack
A cyberattack (or cyber attack) occurs when there is an unauthorized action against computer infrastructure that compromises the confidentiality, integrity, or availability of its content. The rising dependence on increasingly complex and interconnected computer systems in most domains of life is the main factor that causes vulnerability to cyberattacks, since virtually all computer systems have bugs that can be exploited by attackers. Although it is impossible or impractical to create a perfectly secure system, there are many defense mechanisms that can make a system more difficult to attack, making information security a field of rapidly increasing importance in the world today. Perpetrators of a cyberattack can be criminals, hacktivists, or states. They attempt to find weaknesses in a system, exploit them and create malware to carry out their goals, and deliver it to the targeted system. Once installed, the malware can have a variety of effects depending on its purpose. ...
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2012 Summer Olympics
The 2012 Summer Olympics, officially the Games of the XXX Olympiad and also known as London 2012, were an international multi-sport event held from 27 July to 12 August 2012 in London, England, United Kingdom. The first event, the group stage in Football at the 2012 Summer Olympics – Women's tournament, women's football, began on 25 July at the Millennium Stadium in Cardiff, Wales, followed by the opening ceremony on 27 July. There were 10,518 athletes from 206 National Olympic Committees (NOCs) who participated in the 2012 Olympics. Following a bid headed by former Olympic champion Sebastian Coe and the then-Mayor of London, London mayor Ken Livingstone, London was selected as the host city at the 117th IOC Session in Singapore on 6 July 2005, defeating bids from Moscow, New York City, Madrid, and Paris. London became the first city to host the modern Olympics three times, having previously hosted the Summer Games in 1908 Summer Olympics, 190 ...
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Fiscal Year
A fiscal year (also known as a financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many jurisdictions require company financial reports to be prepared and published on an annual basis but generally with the reporting period not aligning with the calendar year (1 January to 31 December). Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, which usually corresponds to the fiscal year used for government purposes. The calculation of tax on an annual basis is especially relevant for direct taxes, such as income tax. Many annual government fees—such as council tax and license fees are also levied on a fiscal year basis, but others are charged on an anniversary basis. Some companies, such as Cisco Systems, end their fiscal year on the same day of the week each ye ...
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Legal
Law is a set of rules that are created and are law enforcement, enforceable by social or governmental institutions to regulate behavior, with its precise definition a matter of longstanding debate. It has been variously described as a Social science#Law, science and as the art of justice. State-enforced laws can be made by a legislature, resulting in statutes; by the executive through decrees and regulations; or by judges' decisions, which form precedent in common law jurisdictions. An autocrat may exercise those functions within their realm. The creation of laws themselves may be influenced by a constitution, written or tacit, and the rights encoded therein. The law shapes politics, economics, history and society in various ways and also serves as a mediator of relations between people. Legal systems vary between Jurisdiction (area), jurisdictions, with their differences analysed in comparative law. In Civil law (legal system), civil law jurisdictions, a legislature or othe ...
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Enterprise Risk Management
Enterprise risk management (ERM) in business includes the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives. ERM provides a framework for risk management, which typically involves identifying particular events or circumstances relevant to the organization's objectives (threats and opportunities), assessing them in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring process. By identifying and proactively addressing risks and opportunities, business enterprises protect and create value for their stakeholders, including owners, employees, customers, regulators, and society overall. ERM can also be described as a risk-based approach to managing an enterprise, integrating concepts of internal control, the Sarbanes–Oxley Act, data protection and strategic planning. ERM is evolving to address the needs of various stakeholders, who want to understand the broad sp ...
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Corporate Services
Corporate services or business services are activities which combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. The term corporate services providers (CSPs) is also used. Corporate Service Providers may work in a diverse set of fields such as finance, consulting, IT service management, advisory services, auditing and so forth. Typically the emphasis of the service agreement is on providing clients with an improved functional and experiential quality over time. In the United Kingdom, the public audit agencies produced a report in May 2007 called "Value for Money in public sector corporate services". This provides performance indicators in five categories: Finance, Human Resources, Information & Communication Technology, Procurement, and Estates Management. Examples of corporate services Business advisory servic ...
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Consultant
A consultant (from "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice or services in an area of specialization (generally to medium or large-size corporations). Consulting services generally fall under the domain of professional services, as contingent work. The Harvard Business School defines a consultant as someone who advises on "how to modify, proceed in, or streamline a given process within a specialized field". Subject-matter expert vs. consultant According to ''Institute of Management Consultants USA'', "The value of a consultant s compared to a subject-matter expert (SME)is to be able to correctly diagnose and effectively transform an often ill-defined problem and apply information, resources and processes to create a workable and usable solution. Some experts are good consultants and vice versa, some are neither, few are both." Another differentiation would be that a consultant sells adv ...
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