Video: Can consultancies regain the trust they've lost?

Sun 20 Jan 2019 11:00 AM GST
You wouldn't be able to tell at first glance, but the world of professional services - management consultants, advisors, chartered accountants and especially auditors - is under silent siege.

All it takes is Googling the right things to see: a management consultancy apologising to the people of South Africa for alleged graft and being unable to fix rolling blackouts in the country; another facing inquiries into nearly $33m in billings for a hospital in Sweden two years overdue and plagued with operational failures; an audit firm curiously placed amid the wreckage in Dubai of the largest private equity fund in the developing world; another that bungled the envelopes so badly that the wrong movie was announced ‘Best Picture’ at the Oscars.

That last one in 2017 might have been an honest (and embarrassing) mistake, possibly not in the same vein as the others. But it’s hard to ignore it when considering the long line of costly controversies that have been cropping up in the news lately.

(Source: Arabianbusiness.com YouTube channel)