History of Deloitte in Timeline

Deloitte is a British multinational professional services network headquartered in London. As the world's largest professional services network by revenue and employee count, it's a key member of the Big Four accounting firms, alongside EY, KPMG, and PwC. The Deloitte network operates through member firms of Deloitte Touche Tohmatsu Limited, a private company limited by guarantee in England and Wales.

1900: Establishment of Touche Niven

In 1900, George Touche joined John Ballantine Niven in establishing the firm of Touche Niven in New York.

1905: Move to No. 54 London Wall Buildings

In 1905, Deloitte's firm moved from No. 4 Lothbury to No. 54 London Wall Buildings in London.

1917: Deloitte presence in China since 1917

Since 1917, Deloitte had a presence in China

March 1933: Testimony Before U.S. Senate Committee

In March 1933, Arthur Hazelton Carter testified before the U.S. Senate Committee, advocating for mandatory independent audits for public companies.

1947: Formation of Touche, Niven, Bailey & Smart

In 1947, George Bailey's organization merged with Touche Niven and A. R. Smart to form Touche, Niven, Bailey & Smart.

1960: Renamed Touche, Ross, Bailey & Smart

In 1960, the firm was renamed Touche, Ross, Bailey & Smart.

September 1964: Move to No. 128 Queen Victoria Street

In September 1964, Deloitte's firm moved its head office to No. 128 Queen Victoria Street in London.

1968: Formation of Tohmatsu Aoki & Co

In 1968, Nobuzo Tohmatsu formed Tohmatsu Aoki & Co in Japan, which later became part of the Touche Ross network.

1969: Renamed Touche Ross

In 1969, the firm became Touche Ross.

1972: Trueblood led committee for Financial Accounting Standards Board establishment

In 1972 Robert Trueblood, Chairman of Touche Ross, led the committee responsible for recommending the establishment of the Financial Accounting Standards Board.

1972: Merger with Haskins & Sells

In 1972, Deloitte merged with Haskins & Sells to form Deloitte Haskins & Sells.

1975: Tohmatsu Aoki & Co joins Touche Ross network

In 1975 Tohmatsu Aoki & Co, a firm based in Japan became part of the Touche Ross network

1989: Merger to form Deloitte & Touche

In 1989, Deloitte Haskins & Sells merged with Touche Ross in the US to form Deloitte & Touche.

1989: Merger with Touche Ross

In 1989, Deloitte merged with Touche Ross in the US to form Deloitte & Touche.

1989: Initial branding as DTT International

In 1989, the UK private company, while named Deloitte Touche Tohmatsu Limited, initially branded itself as DTT International.

1990: Touche Ross merged with Spicer & Oppenheim in the UK

In 1990, Touche Ross merged with Spicer & Oppenheim in the UK.

1992: Deloitte Granted License to Operate in India

In 1992, after India was forced to liberalise, Deloitte was granted a license to operate in India.

1993: Deloitte Audits Livent's Financial Statements

During 1993, Deloitte audited Livent's financial statements, contributing to legal proceedings in April 2014.

1993: Renaming to Deloitte Touche Tohmatsu

In 1993, the international firm was renamed Deloitte Touche Tohmatsu.

1995: Creation of Deloitte & Touche Consulting Group

In 1995, the partners of Deloitte & Touche decided to create Deloitte & Touche Consulting Group (now known as Deloitte Consulting).

1997: Deloitte Audits Livent's Financial Statements

During 1997, Deloitte audited Livent's financial statements, which later led to reduced damages in December 2017.

1998: Deloitte Audits Livent's Financial Statements

During 1998, Deloitte audited Livent's financial statements, contributing to legal proceedings in April 2014.

1998: Deloitte Commences Operations in India

In 1998, Deloitte commenced operations in India under the name of C.C.Chokshi & Co., an existing auditing firm that it arranged an agreement with.

1999: Motor vehicle accident insurance claims had been declining since 1999

In September 2003, Deloitte reported to the Canadian Bar Association (CBA) that motor vehicle accident insurance claims for bodily injury had been declining since 1999 adjusted for inflation, contradicting the government's argument.

2000: Acquisition of Eclipse

In 2000, Deloitte acquired Eclipse to add internet design to its consulting capabilities, later separated into Deloitte Online and Deloitte Digital.

2000: Adelphia Financial Statements

In 2000, Deloitte was responsible for Adelphia's financial statements, which later led to SEC charges and a settlement.

2002: Merger with Arthur Andersen practices

In 2002, Arthur Andersen's UK practice agreed to merge with Deloitte's UK practice. Andersen's practices in other countries also agreed to merge with Deloitte.

2002: Deloitte Becomes Auditor for Guangdong Kelon

In 2002, Deloitte became the auditor for Guangdong Kelon Electrical Holdings Company Limited.

September 2003: Deloitte found guilty of unprofessional conduct

In September 2003, Deloitte reported to the Canadian Bar Association (CBA) on motor vehicle accident insurance claims. Following the report, Deloitte communicated confidential information to the Insurance Bureau of Canada without the CBA's knowledge. The Institute of Chartered Accountants of Alberta found Deloitte guilty of unprofessional conduct and fined them $40,000.

2003: Rebranding campaign

In 2003, a rebranding campaign was commissioned by William G. Parrett, the then-CEO of DTT, and led by Jerry Leamon.

2004: A. F. Ferguson & Co. Joined Deloitte

In 2004, A. F. Ferguson & Co., which has been in India for 110 years, joined Deloitte.

2004: Deloitte Resigns from Kelon Account After Qualifying Opinion

In 2004, Deloitte qualified its opinion as to company sales, returns, and allowances for Guangdong Kelon. Deloitte resigned from the Kelon account after completing the 2004 audit, citing that management at the client was not committed to best practices in finance.

April 2005: Deloitte Settles Charges with SEC

On April 26, 2005, the Securities and Exchange Commission announced that Deloitte had agreed to pay $50 million to settle charges relating to Adelphia's 2000 financial statements. The settlement was later reported to be as high as $210m or $167.5m.

2005: Acquisition of Beijing Pan-China CPA

In 2005, Deloitte acquired Beijing Pan-China CPA to become the largest accountancy firm in China.

2005: Tommy Thompson Hired as Chairman

In 2005, Deloitte hired Tommy Thompson, former secretary of health and human services, as chairman of its global healthcare practice.

December 2007: LAUSD Incurred Payments to Deloitte

As of December 2007, LAUSD had incurred a total of $140 million in payments to Deloitte to get the SAP HR system working properly.

2007: Hiring Former CIA Employees

In 2007, Deloitte began hiring former employees of the Central Intelligence Agency (CIA) for their competitive intelligence unit known as Deloitte Intelligence.

2007: Deloitte Settles Class Action Lawsuit

In 2007, a class action launched on behalf of US investors against Philip's Canadian auditor Deloitte & Touche LLP was settled with Deloitte agreeing to pay US$50.5 million.

2008: Adoption of "Always One Step Ahead" brand positioning

In 2008, Deloitte adopted its new "Always One Step Ahead" (AOSA) brand positioning platform.

2008: Payroll Issues Started to Stabilize

In 2008, there was some evidence that the payroll issues had started to stabilize with errors below 1% according to LAUSD's chief operating officer.

2009: Theft from 1MDB

During 2009, Malaysian and U.S. authorities say at least $4.5 billion was stolen from 1MDB between 2009 and 2014 by high-level officials of the fund and their associates.

2009: Purchase of BearingPoint's North American Public Service Practice

In 2009, Deloitte purchased the North American public service practice of BearingPoint for $350 million after it filed for bankruptcy protection.

2009: Deloitte sponsors the United States Olympic Committee

Since 2009, Deloitte LLP has served as the official professional services sponsor of the United States Olympic Committee.

January 2010: Takeover of Drivers Jonas

In January 2010, Deloitte LLP took over the UK property consultants Drivers Jonas.

July 2010: Deloitte Touche Tohmatsu Limited Formation

In July 2010, the members of the Verein became part of Deloitte Touche Tohmatsu Limited (DTTL), a UK private company limited by guarantee without share capital.

2010: GovLab Creation

In 2010, GovLab was created as the internal think tank of Deloitte Consulting LLP's US federal government consulting practice, focused on innovation and government reform and based at New York University.

2010: Deloitte Canada sponsors 2010 Vancouver Winter Olympic Games and Winter Paralympic Games

In 2010, the Canadian member firm of Deloitte was the official professional services supplier for the Vancouver Winter Olympic Games and Winter Paralympic Games.

2010: Deloitte Singapore sponsors Summer Youth Olympics

In 2010, the Singapore member firm of Deloitte was a sponsor of the Summer Youth Olympics.

2011: Auditing of Accounts

During 2011, Deloitte's Malaysia affiliate began auditing of accounts of scandal-linked state fund 1MDB and its unit SRC International.

2011: Autonomy's Sale to Hewlett-Packard

Following Autonomy's 2011 sale to Hewlett-Packard, the British software company was accused of accounting improprieties that contributed to an $8.8 billion write-down of Autonomy's value.

2011: Financial irregularities in Tongaat Hulett's financial statements

From 2011 to 2018, Tongaat Hulett experienced financial irregularities that were not detected by Deloitte, leading to a lawsuit in January 2022.

2011: Acquisition of DOMANI and ClearCarbon Consulting

In 2011, Deloitte acquired DOMANI Sustainability Consulting and ClearCarbon Consulting in order to expand its sustainability service offerings.

2011: Deloitte Audits Serco Geografix Accounts

In 2011, Deloitte audited the accounts of a Serco Group subsidiary, Serco Geografix, leading to a fine in July 2019.

2011: Deloitte Ranked No. 1 in Healthcare Consulting

In 2011, Deloitte was ranked No. 1 by revenue in all areas of healthcare consulting—life sciences, payer, provider, and government health.

January 2012: Acquisition of Übermind

In January 2012, Deloitte acquired Übermind, a mobile advertising agency, marking Deloitte's first entrance into the mobile application field.

August 2012: Deloitte Denies Money Laundering Cover-Up for Standard Chartered

In August 2012, Deloitte Financial Advisory Services (DFAS) publicly denied that it helped Standard Chartered cover up money laundering operations related to Iran. DFAS paid the state of New York a $10 million settlement, and was required to implement reforms.

November 2012: Acquisition of Recombinant Data Corporation

In November 2012, Deloitte acquired Recombinant Data Corporation, a company specializing in data warehousing and clinical intelligence software, and launched Recombinant by Deloitte.

2012: Founding of Deloitte Digital

Deloitte Digital was founded in 2012, and by 2016, Heat was the 11th digital marketing agency purchased by Deloitte Digital since its founding.

2012: Sponsorship of the 2012 Summer Olympics

Deloitte sponsored activities and events, including the 2012 Summer Olympics.

2012: California Judicial Council Terminated Project

In 2012, California's Judicial Council terminated the statewide case management system project citing actual deployment costs and California's budget concerns.

2012: Deloitte Audits Serco Geografix Accounts

In 2012, Deloitte audited the accounts of a Serco Group subsidiary, Serco Geografix, leading to a fine in July 2019.

2012: Deloitte UK sponsors 2012 Summer Olympics and Royal Opera House

In 2012, the UK member firm of Deloitte was a sponsor of the Summer Olympics and the Royal Opera House.

January 2013: Purchase of Monitor Group

On 11 January 2013, Deloitte purchased substantially all of the business of Monitor Group, the strategy consulting firm founded by Michael Porter.

February 2013: Launch of ConvergeHEALTH by Deloitte

In February 2013, Recombinant by Deloitte merged with an internal informatics unit (Deloitte Health Informatics) and launched ConvergeHEALTH by Deloitte.

November 2013: Deloitte partners with Cambridge Union Society

In November 2013, Deloitte entered into a 3-year partnership with the Cambridge Union Society.

November 2013: ActionAid Accuses Deloitte of Tax Avoidance Advice

In November 2013, the international development charity ActionAid accused Deloitte of advising large businesses on how they could use Mauritius to avoid potentially hundreds of millions of dollars of tax in some of the poorest countries in Africa. Deloitte responded by saying that they advise their clients to avail themselves of arrangements that could result in less taxes being paid to the countries in question.

2013: Renaming to Deloitte Real Estate

As of 2013, the Drivers Jonas business unit was known as Deloitte Real Estate.

2013: Acquisition of Monitor Group

In 2013, Deloitte acquired Monitor Group, a large strategy consulting business.

April 2014: Judgment Against Deloitte in Livent Case

In April 2014, its special receiver obtained judgment against Deloitte for $84,750,000 in the Ontario Superior Court of Justice, in relation to Deloitte's failure to exercise its duty of care with respect to the audit of Livent's financial statements during 1993–1998.

2014: Auditing of Accounts

During 2014, Deloitte's Malaysia affiliate concluded auditing of accounts of scandal-linked state fund 1MDB and its unit SRC International.

2014: Introduction of Rubix

In 2014, Deloitte introduced Rubix, a blockchain consultancy providing advisory services.

2014: KPMG terminates partnership with McLaren Applied Technologies

Prior to Deloitte's partnership with McLaren Applied Technologies (MAT), MAT had entered into a partnership with competitor KPMG in a ten-year deal in 2014, but it was terminated by KPMG in 2017.

2015: Deloitte Audits SIG plc

During 2015, Deloitte audited the British subsidiary of Swiss building materials firm SIG plc, leading to a fine in December 2022.

January 2016: Ontario Court of Appeal Upholds Ruling

In January 2016, the ruling against Deloitte was upheld by the Ontario Court of Appeal in the Livent case.

June 2016: Branding Change and New Logo

In June 2016, Deloitte changed its branding and adopted a new logo, with Deloitte written in the color black instead of the earlier blue.

September 2016: Partnership with Apple Inc.

In September 2016, Apple Inc. announced a partnership with Deloitte aimed at boosting sales of Apple phones and other mobile devices to businesses. The partnership included the launch of Enterprise Next.

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October 2016: Creation of Deloitte North West Europe

In October 2016, Deloitte announced the creation of Deloitte North West Europe, combining member firms from several European countries.

October 2016: Cyberattackers potentially gained access to Deloitte's systems

In September 2017, it was reported that cyberattackers may have had access to Deloitte's systems from as early as October 2016, breaching the confidentiality of its clients and staff.

2016: Deloitte Accountants B.V. fined by AFM for duty of care failure

During 2016, the Netherlands Authority for the Financial Markets (AFM) imposed an administrative fine of €1.81 million (~$2 million) on Deloitte's Dutch affiliate, Deloitte Accountants B.V., for failing to comply with its duty of care in inspection audits.

2016: Acquisition of Heat Advertising Agency

In 2016, Deloitte acquired the advertising agency Heat of San Francisco.

2016: Creation of Blockchain Lab in Dublin

In 2016, Deloitte created its first blockchain lab in Dublin.

2016: Audit of British outsourcing firm, Mitie plc

In 2016, Deloitte's UK affiliate audited British outsourcing firm, Mitie plc, leading to a fine in April 2022.

2016: Deloitte Consulting awarded improperly-awarded contracts

In October 2019, Eskom announced that it was suing Deloitte Consulting, because in 2016, Deloitte Consulting received consulting contracts that were improperly-awarded.

January 2017: Launch of Second Blockchain Hub in New York

In January 2017, Deloitte launched a second blockchain hub in New York.

April 2017: Deloitte notices suspicious activity

In September 2017, it was reported that Deloitte first noticed suspicious activity in April 2017, leading to the discovery of a cyberattack.

May 2017: Deloitte became a member of the Ethereum Enterprise Alliance and the Hyperledger Project

In May 2017, Deloitte became a member of the Ethereum Enterprise Alliance and the Hyperledger Project sponsored by the Linux Foundation.

May 2017: Deloitte partners with McLaren Applied Technologies

In May 2017, Deloitte partnered with McLaren Applied Technologies (MAT) to combine Deloitte's consulting experience with MAT's expertise in engineering, sensors, simulation, and analytical analysis.

June 2017: Deloitte North West Europe came into effect

On 1 June 2017, Deloitte North West Europe came into effect, estimated to have 28,000 partners and people generating over €5bn in annual revenue.

September 2017: Deloitte suffers cyberattack

In September 2017, The Guardian reported that Deloitte suffered a cyberattack that breached the confidentiality of its clients and 244,000 staff, allowing attackers to access usernames, passwords, IP addresses, architectural diagrams for businesses and health information.

October 2017: Deloitte responds to cyberattack

As of October 2017, following a cyberattack, Deloitte contacted legal authorities and six clients. Deloitte also increased security measures and the New York attorney general's office began an investigation.

October 2017: Client accounts compromised in Deloitte data breach

In October 2017, The Guardian reported that client accounts compromised in the Deloitte breach included the US Department of Defense, the US Department of Homeland Security, the US State Department, the US Department of Energy, mortgage companies Fannie Mae and Freddie Mac, the National Institutes of Health (NIH), and the US Postal Service. However, Fannie Mae and Freddie Mac denied their data was compromised.

December 2017: Supreme Court of Canada Allows Appeal in Part

In December 2017, the Supreme Court of Canada in Deloitte & Touche v Livent Inc allowed an appeal in part, declaring that liability existed only in respect of Deloitte's negligence in conducting the audit for Livent's 1997 fiscal year, and reduced the amount of damages awarded to $40,425,000.

2017: Major Cyberattack

In 2017, Deloitte suffered a major cyberattack, causing a breach in client confidentiality and publicizing employee information.

2017: Recognition as Best Company to Work For

In 2017, Deloitte, along with KPMG, PwC and PA Consulting Group were recognized among the UK's best companies to work for and was ranked as one of the 10 best places to work for paternity leave by Fatherly.

2017: Role in "Strategic Billing" Adoption

In the book An American Sickness (2017), Dr. Elisabeth Rosenthal attributed to Deloitte a key role in counseling the adoption of "strategic billing" as a way of increasing revenues from hospital business.

January 2018: Carillion Went into Liquidation

In January 2018, construction and services giant Carillion went into liquidation, where Deloitte had acted as internal auditor.

May 2018: FRC Launches Disciplinary Action Against Deloitte

In May 2018, the UK-Based Financial Reporting Council (FRC) launched disciplinary action against Deloitte, Autonomy's auditor at the time of the 2011 sale to Hewlett-Packard.

May 2018: Publication of Report on Carillion's Collapse

On May 16, 2018, the final report of the Parliamentary inquiry into Carillion's collapse was published, criticizing Deloitte for its involvement in the company's financial reporting practices.

June 2018: Class Action Legal Proceedings Instituted Against Deloitte's Dutch Affiliate

In June 2018, Dutch investors' organisation VEB instituted class action legal proceedings against Deloitte's Dutch affiliate on behalf of shareholders who suffered losses as a result of the fraud committed by Steinhoff International. VEB claimed that Deloitte was liable for deficiencies in the audit of Steinhoff.

August 2018: Deloitte Named #1 Accounting Firm

In August 2018, Deloitte was named the #1 accounting firm for the 10th year in a row by Inside Public Accounting. Also in 2018, the research firm Gartner stated that Deloitte has consistently ranked number one globally in "Security Consulting Services" based on revenue.

2018: Financial irregularities in Tongaat Hulett's financial statements

From 2011 to 2018, Tongaat Hulett experienced financial irregularities that were not detected by Deloitte, leading to a lawsuit in January 2022.

2018: Deloitte Australia a Founding Partner of Invictus Games Sydney 2018

In 2018, the Australian member firm of Deloitte was a Founding Partner of Invictus Games Sydney 2018.

2018: Deloitte China failed to comply with auditing requirements

In September 2022, it was revealed that Deloitte-China, also known as Deloitte Hua Yong, self-reported deficiencies found in 12 fiscal year 2018 audits.

April 2019: Bondfield Construction Files for Creditor Protection

In April 2019 CPA Ontario brought disciplinary charges against two Deloitte partners, Felice "Phil" Iorio and Steve Kostich, for professional misconduct related to their work on audits for failed Bondfield Construction. Bondfield filed for creditor protection in April 2019.

July 2019: Financial Reporting Council Fines Deloitte

On 4 July 2019, the Financial Reporting Council fined Deloitte for its failure to properly audit the accounts of a Serco Group subsidiary, Serco Geografix, in 2011 and 2012. The United Kingdom's watchdog fined Deloitte £4.2 million and an additional £300,000 towards the costs of the investigation.

October 2019: Eskom sues Deloitte Consulting for improperly-awarded contracts

In October 2019, South African power utility Eskom announced it was suing Deloitte's South African affiliate, Deloitte Consulting, to recover R207 million paid for two consulting contracts that were improperly-awarded in 2016.

2019: Deloitte Ranked Among Best Companies to Work For

In 2019, Fortune magazine ranked Deloitte as one of the 100 Best Companies to Work For and Bloomberg Business has named Deloitte as the best place to launch a career.

2019: Deloitte Ranked No. 1 Consulting Service Provider

In 2019, Gartner stated that Deloitte was the No. 1 consulting service provider worldwide by revenue.

2019: Deloitte Malaysia reprimanded over Islamic Finance Programme

In 2019, the Securities Commission Malaysia (SC) reprimanded Deloitte's Malaysian affiliate and imposed penalties of RM2.2 million (~$0.5 million) relating to the Islamic Finance RM2.4 billion (approximately $0.6 billion) Sukuk Murabahah Programme.

2019: U.K. Partners' Average Pay

In 2019, the U.K. partners in Deloitte received average pay of £882,000.

March 2020: Two directors resign from Deloitte

In April 2020, Deloitte told AmaBhungane that two directors, Pillay, and the lead consultant on the Eskom contracts, Shamal Sivasanker, had resigned from the firm effective 31 March 2020.

March 2020: Eskom and Deloitte reach out of court settlement

On 21 March 2020, Eskom and Deloitte reached an out of court settlement where Deloitte agreed to pay back R150 million of the R207 million originally sought by Eskom. There was no evidence of corruption in the deal, but technical irregularities were present in the procurement process.

April 2020: Two directors resign from Deloitte

In April 2020, Deloitte told AmaBhungane that two directors, Pillay, and the lead consultant on the Eskom contracts, Shamal Sivasanker, had resigned from the firm effective 31 March 2020.

May 2020: Security weaknesses revealed in Deloitte-built unemployment insurance web portals

In May 2020, it was revealed that major security weaknesses existed in the unemployment insurance web portals across Ohio, Colorado and Illinois, built by Deloitte Consulting. Proposed class actions were filed against the company. An investigation was ordered by Florida Governor Ron DeSantis, finding that Deloitte ran insufficient stress testing of the CONNECT site.

June 2020: Deloitte extends partnership to McLaren Racing

In June 2020, the partnership between Deloitte and McLaren Applied Technologies was extended to McLaren Racing, where Deloitte would work to enhance the performance of the team and its cars.

October 2020: Deloitte firms contribute to Steinhoff settlement

In October 2020, the Dutch and South African Deloitte firms agreed to contribute a combined €70 million towards a settlement offered by Steinhoff to settle claims resulting from fraud. VEB withdrew its case following this agreement.

2020: Deloitte Fined by FRC

During 2020, Deloitte was fined a record £15 million and two of its former partners involved in the audits were also fined and sanctioned by the UK accounting watchdog, the FRC.

2020: Deloitte settles over troubled computer system for Rhode Island

During 2020, Deloitte's US consulting arm agreed to pay the State of Rhode Island and the US federal government $50 million as a settlement relating to its design of a troubled computer system for its state benefits programs.

2020: Deloitte's UK Affiliate Fined by FRC

During 2020, the UK accounting regulator, the Financial Reporting Council, fined Deloitte's UK affiliate £362,500 and reprimanded both the firm and an unnamed audit partner over failures in its audit work for Johnston Press.

2020: Deloitte Ranked No. 1 Consulting Service Provider

In 2020, Gartner stated that Deloitte was the No. 1 consulting service provider worldwide by revenue.

November 2021: Deloitte selected as Eskom's new external auditor

In November 2021, Eskom announced that Deloitte had been selected as Eskom's new external auditor, after the expiration of its contract with Grant Thornton.

2021: Deloitte Malaysia Agrees to Pay Settlement

During 2021, Deloitte's Malaysia affiliate agreed to pay the Malaysia government $80 million to resolve all claims related to its auditing of accounts of scandal-linked state fund 1MDB and its unit SRC International from 2011 to 2014.

2021: Deloitte Canada fined by PCAOB for quality control failures

During 2021, the US Public Company Accounting Oversight Board (PCAOB) fined Deloitte's Canadian affiliate $350,000 as a civil penalty for failure to institute reasonable assurance quality controls.

2021: Consulting is Deloitte's Largest Business

In 2021, Consulting is Deloitte's largest business, bringing over 40% of total revenues.

2021: Deloitte Ranked No. 1 Consulting Service Provider

In 2021, Gartner stated that Deloitte was the No. 1 consulting service provider worldwide by revenue.

January 2022: Tongaat Hulett sues Deloitte for financial irregularities

In January 2022, South African sugar producer Tongaat Hulett announced it was suing Deloitte for failing to detect irregularities in its financial statements from 2011-2018, which led to an overstatement of the company's equity by R12 billion.

March 2022: Acquisition of Etain

In March 2022, Deloitte acquired Etain, a data and digital transformation specialist company based in Northern Ireland.

March 2022: Withdrawal from Russia and Belarus

In March 2022, Deloitte announced it would no longer conduct business in Russia or Belarus due to the Russo-Ukrainian War.

April 2022: Deloitte's UK Affiliate Fined by FRC

In April 2022, Deloitte's UK affiliate was fined £2 million by the UK accounting regulator, Financial Reporting Council, over its 2016 audit of British outsourcing firm, Mitie plc.

May 2022: Deloitte becomes title sponsor of Singapore Women’s Premier League

In May 2022, Deloitte signed a three-year sponsorship deal worth more than USD300,000 with the Football Association of Singapore, becoming the first title sponsor of the Singapore Women’s Premier League, known as the Deloitte Women's Premier League.

June 2022: Potential Firm Division

In June 2022, The Wall Street Journal reported Deloitte might divide itself into two companies: one accounting firm and one advisory firm.

September 2022: Deloitte China to pay $20 million to settle SEC charges

On 29 September 2022, the Securities and Exchange Commission announced that Shanghai-based Deloitte Touche Tohmatsu Certified Public Accountants LLP (Deloitte-China) had agreed to pay $20 million to settle charges relating to failures in complying with requirements for auditing US companies in China and Chinese companies in the US.

December 2022: Deloitte's UK Affiliate Fined by FRC

In December 2022, Deloitte's UK affiliate was fined £0.9 million by the Financial Reporting Council for failing to obtain and supply enough audit evidence in connection with the 2015/16 audit of the British subsidiary of Swiss building materials firm SIG plc.

2022: Deloitte Israel gave unqualified audit opinion on Tingo Group's accounts

In 2022, Brightman Almagor Zohar & Co., known as Deloitte Israel, gave an unqualified audit opinion on the accounts of Tingo Group, Inc. This became controversial after a report identified "obvious errors" in Tingo's financials, and the SEC accused Tingo Group of fraud.

February 2023: Tongaat and Deloitte reach a settlement

In February 2023, Tongaat and Deloitte reached a settlement where Deloitte would pay Tongaat R260 million for six years of audited financial statements without admitting liability.

March 2023: China Fines Deloitte for Illegal Auditing Deficiencies

In March 2023, China's Ministry of Finance fined Deloitte 211.9 million yuan ($30.8 million) for illegal auditing deficiencies in the audit of China Huarong Asset Management Co. The Ministry found that Deloitte had failed to maintain professional skepticism during the audit.

May 2023: Deloitte and McLaren Racing sign partnership extension

In May 2023, Deloitte and McLaren Racing signed a multi-year partnership extension.

November 2023: Supply contract with Henchmann

In November 2023, Deloitte entered into a supply contract with Henchmann, a provider of contract drafting and negotiation software.

2023: Deloitte sponsors TGR Team Deloitte TOM'S in Super GT series

In 2023, Deloitte is the title sponsor for the No. 37 TOM'S Toyota Supra team as TGR Team Deloitte TOM'S in the Super GT series.

2023: Average Income of Deloitte Partners in the U.K. Topped £1,000,000

In 2023, the average income of Deloitte partners in the U.K. topped £1,000,000 for the third year in a row.

2024: Funding for Cancer AI Alliance

In 2024, Deloitte, Nvidia, Microsoft and Amazon Web Services provided a combined $40 million in funding to multiple cancer institutes to support the establishment of the Cancer AI Alliance.

2024: FY 2024 Revenues

In FY 2024, the network earned revenues of US$67.2 billion in aggregate.

May 2025: Potential pay cuts in UK Consulting division

In May 2025, the company informed its UK consulting division it planned to reduce pay rises and cut bonuses by 20 per cent following poor financial performance.

2025: Deloitte Global Operations

As of 2025, Deloitte operates across the world in more than 700 locations and over 150 countries, with nearly 470,000 employees.

January 2026: Deloitte expands partnership with McLaren Racing

In January 2026, Deloitte and McLaren Racing expanded their partnership, with Deloitte becoming the official transformation partner, supporting the McLaren F1 Team, the McLaren IndyCar Team, and the upcoming McLaren WEC Hypercar Team. The deal also includes the Deloitte logo appearing on the cars across the three teams.