Description: McKinsey and Company, one of the world’s best known consulting firms, has been doing well in terms of its billings to the federal government in Ottawa. During Prime Minister Justin Trudeau’s time as prime minister, McKinsey earned roughly $66 million in revenue from the Canadian taxpayer, with close to half of that amount in fiscal year 2021-22. Radio-Canada has reported that a number of the contracts with McKinsey are sole-sourced. Professor Isabelle Fortier, of the École nationale d’administration publique in Quebec, would like to see greater accountability for the use of consultants by the government, including a public inquiry of the issue.
Date: January 4, 2023
1) Have you considered a career in consulting after you conclude your university studies?
2) What do you think may have prompted the Trudeau administration to draw on Mckinsey for so much consulting advice?
3) Page 3-10 of Wiley’s Managerial Accounting: Tools for Business Decision-Making mentions the concept of accountability. When you hear this term “Accountability” used, how do you define it?