Big 4 Auditing Firms For CMA Students
The Big 4 are the four largest international professional services networks, offering
- corporate finance and
- legal services.
They handle the vast majority of audits for publicly traded companies as well as many private companies, creating an oligopoly in auditing large companies.
It is reported that the Big Four audit 99% of the companies in the FTSE 100, and 96% of the companies in the FTSE 250, an index of the leading mid-cap listing companies.The Big Four firms are shown below, with their latest publicly available data.
The following are the members of this internationally renowned group:
Revenue per Employee
1. Deloitte Touche Tohmatsu Limited
Deloitte Touche Tohmatsu, popularly known as just “Deloitte”, is probably the biggest professional service organization in the world. The firm was founded by William Deloitte in 1845. It went through a series of mergers and reorganizations but kept its brand name along with its quality standards and company values. Now, it emerges as one of the most successful brands in the world.
In 2012, it had approximately 193,000 professionals in more than 150 countries demonstrating excellence in providing audit, consulting, financial advisory, risk management, and tax services to clients worldwide.
2. PricewaterhouseCoopers (PwC)
PwC is one of the world’s largest providers of accounting services. It employs 180,000 professionals in 159 countries around the world. The company was formed by the merger of two large accounting firms — Price Waterhouse, and Coopers & Lybrand.
PwC provides excellent assurance, consulting, and tax services.
3. Ernst & Young (E&Y)
Ernst & Whinney merged with Arthur Young to create Ernst & Young in 1989. Ernst & Young is a global organization of member firms in more than 140 countries.
Ernst & Young offers assurance, advisory, tax, and specialty services.
4. Klynveld Peat Marwick Goerdeler (KPMG)
KPMG is a global network of accounting firms providing audit, tax, advisory, special interest and industry-specific services.
The organization was formed in 1987 through the merger of Peat Marwick International and Klynveld Main Goerdeler. Like other professional service organizations, KMPG places great value on its people and quality of service.
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