The Big 4 refers to the world’s largest certified public accounting (CPA) firms dealing in auditing and accounting services. Like their nickname, The Big 4, they are 4 in number; Deloitte Touche Tohmatsu, PricewaterhouseCoopers, KPMG, and Ernst & Young. These firms offer wide-ranging auditing and accounting services comprising;
- External audit
- Management and business consultancy
- Taxation services
- Risk assessment and control
Apart from these, they also provide massive opportunities in career development and employment. Those interested in bookkeeping services, and other accounting services can therefore always join their training. Otherwise, they can join in as employees.
Below are the members of this globally renowned group.
Deloitte Touche Tohmatsu Limited
Many people know it as ‘Deloitte.’ It was founded in 1845 by William Deloitte. Up until now, it underwent a series of unification and reorganizations, which, however, did not change a lot on it. It still maintained its brand name, values, and quality standards of operation. Currently, it is one of the world’s most prosperous brands classified among the big four accounting firms.
In 2019, Deloitte earned $46.2 billion. By this time, it had approximately 312,000 employees and offered services across 150+ countries.
The PricewaterhouseCoopers (PwC) emerged from the collaboration of Price Waterhouse and Coopers & Lybrand companies in 1998. The motive behind this union was to erect a company that would provide more valued services. One way they were going to do this was by forming and upholding quality customer relations.
As for being one of the top accounting firms, it offers lots of employment opportunities, generates enormous revenues, and covers many countries. Its 2019 report indicates; $42.5 billion revenues, 276,000 employees, and 158 countries of operation. Thus it maintains being on the big 4 lists.
PwC specializes in assurance, consulting, and tax services. For those within its operation boundaries, it is, therefore, one of your best accounting firms near me option.
Ernst & Young (E&Y)
E&Y Company was founded in 1989 when Ernst & Whinney unified with Arthur Young. Today it is an international CPA firm operating in 150 countries. As before, the company still holds its core values and skills in handling matters on financial statement analysis and audit plus accounting in general.
The E&Y offers excellent support for the development of skills and knowledge towards their services. It now offers 284,000 employment opportunities viable for anyone interested in its career growth package. In 2019, its revenues were $36.4 billion, and that, therefore, indicates why it qualifies to be one of the world’s big four accounting firms.
E&Y specializes in assurance, tax, advisory, and specialty services. They have quite a high reputation on any of these.
Klynveld Peat Marwick Goerdeler (KPMG)
The KPMG is among the big four consulting firms offering excellent audit, interest, advisory, tax, and industry-curtailed services. Its global network consists of approximately 219,000 professionals jointly working to provide top-notch services. In 2019, KPMG made $29.8 billion in revenue, working all across 154 countries.
The organization came into existence in 1987 when Klynveld Main Goerdeler (KMG) and Peat Marwick International merged since it has been a service-oriented company with a vision of being the world’s leading CPA firm.
What You Didn’t Know About The Big 4
Before the big 4, there was the big 8. It composed of 8 companies, among which some merged to form the big 4. Any of these companies therefore now have global recognition for being the best in accounting and audit function at any enterprise.
Otherwise, you can keep the financial details organized through quality bookkeeping services available online. Here is one most reliable one you can check.