Nov 16 2015, 10:19 PM, updated 6y ago
Who are the Big 4 accounting firms?
The Big 4 refers to the four largest accounting firms in the world.
These firms provide an extensive range of accounting and auditing services including external audit, taxation services, management and business consultancy, and risk assessment and control.
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 2014, it earned $34.2 billion and had approximately 210,000 employees in more than 150 countries demonstrating excellence in providing audit, consulting, financial advisory, risk management, and tax services to clients worldwide.
2. PricewaterhouseCoopers (PwC)
With $34 billion revenues in 2014, PWCPwC is one of the world's largest providers of accounting services. It employs more than 195,000 professionals in 157 countries around the world. The company was formed by the merger of two large accounting firms – Price Waterhouse, and Coopers & Lybrand. The two decided to merge in 1998 and dedicated themselves to provide services of value while establishing and maintaining good customer relations.
PwC firms operate locally in different countries around the world. These independently owned and managed firms, like other international companies, share common values and standards. 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 150 countries. It employs people equipped with professional skills and values of integrity, respect, teamwork, enthusiasm, and motivation. These form the core values of Ernst & Young.
The organization also values knowledge and skills development, helping around 190,000 employees achieve their potential through professional training and career growth programs. Ernst & Young offers assurance, advisory, tax, and specialty services. Ernst & Young earned $27.4 billion in 2014.
4. Klynveld Peat Marwick Goerdeler (KPMG)
KPMG is a global network of accounting firms providing audit, tax, advisory, special interest and industry-specific services. It employs approximately 162,000 professionals working together to provide quality service in 155 countries around the world. KPMG earned $24.8 billion in 2014.
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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