Deloitte is the consultant selected by the University of Kentucky administration for Project Accelerate.  Deloitte has failed to properly audit companies according to the US Justice Department, allowing financial wrongdoing to go undetected. Examples include the collapse of mortgage lender Taylor, Bean & Whitaker and the accounting irregularities at retail giant Steinhoff International.

Office of Public Affairs | Deloitte & Touche Agrees to Pay $149.5 Million to Settle Claims Arising From Its Audits of Failed Mortgage Lender Taylor, Bean & Whitaker | United States Department of Justice

The United States alleged that Deloitte's audits knowingly deviated from applicable auditing standards and therefore failed to detect TBW's fraudulent conduct ...

 

Deloitte conducts bad audits to help its clients, and not just in the USA. In Canada, Deloitte was involved in a tax scheme that allowed clients to avoid paying millions in taxes. The firm resisted disclosing the names of clients who participated in the scheme.

How Deloitte masked scandals in business and politics | Canada's National Observer: Climate News

After Deloitte refused to divulge their names, the CRA went to court to find out who they were – with Deloitte strongly resisting.

 

In 2019, Deloitte admitted to misusing confidential information on multiple occasions. This raised concerns about conflicts of interest and the firm's ability to maintain impartiality during audits.

Deloitte admits wrongdoing, widening scandal's grip on consultancy firms - Business & Economy News - WION

The accounting firm revealed that the Home Affairs Department dropped it after failing to disclose a conflict of interest, similar to a breach identified during ...

 

In fact there is a pattern of scandals that have damaged Deloitte's reputation and raised questions about the effectiveness of the auditing profession.

How Deloitte has repeatedly failed to live up to the high ethical and professional standards | by Atul Chanpuriya | Medium

However, in recent years, the firm has been involved in several scandals and controversies that have tarnished its reputation and raised ...