BIG 4 simplified and Explained - The Big Four Accounting companies - Company Info Now

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 Big Four - Introduction

The "Big Four" is the nickname used to refer to the four largest accounting companies networks They are Deloitte, Klynveld Peat Marwick Goerdeler (KPMG),  Ernst & Young (EY), and PricewaterhouseCoopers (PwC). The four are often grouped because they are comparable in size relative to the rest of the market, both in terms of revenue and workforce; they are considered equal in their ability to provide a wide scope of professional services to their clients; and, among those looking to start a career in professional services, particularly accounting, they are also considered equally attractive networks to work.

The Big Four each offer audit, assurance, taxation, management consulting, actuarial, corporate finance, and legal services to their clients.

Among thousands of the biggest consulting enterprises, these four companies are recognized as dominant providers in consulting as well as professional services at a huge scale.

The Big Four perform audits on the majority of public companies and private companies throughout the world.



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 History

Big Eight

  1. Arthur Andersen
  2. Arthur Young
  3. Coopers & Lybrand
  4. Deloitte Haskins & Sells
  5. Ernst & Whinney
  6. Peat Marwick Mitchell
  7. Price Waterhouse
  8. Touche Ross

In the year 1989, Ernst & Whinney merged with Arthur Young to form Ernst & Young in June, and Deloitte, Haskins & Sells merged with Touche Ross to form Deloitte & Touche in August. after both mergers occurred

The Big Six

  1. Arthur Andersen
  2. Coopers & Lybrand
  3. Deloitte & Touche
  4. Ernst & Young
  5. KPMG
  6. Price Waterhouse 

In July 1998 the Big Five when Price Waterhouse merged with Coopers & Lybrand to form PricewaterhouseCoopers. Occurred

The Big Five

  1. Arthur Andersen
  2. Deloitte & Touche
  3. Ernst & Young
  4. KPMG
  5. PricewaterhouseCoopers

The collapse of Arthur Andersen occurred

The new big four

  1. Deloitte & Touche 
  2. Ernst & Young 
  3. PricewaterhouseCoopers
  4. KPMG 
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Big Four Simplified :

1.  1.  Deloitte

Deloitte Touche Tohmatsu Limited, more commonly referred to as Deloitte, is a UK-incorporated international professional services firm with headquarters in New York City. Widely regarded as one of the top firms within the Big Four, Deloitte is well known for its audit, tax, risk, financial advisory and consulting services. With offices in more than 100 locations worldwide, it reported the highest revenue among the Big Four accounting firms in 2016 and is considered the sixth largest privately owned organization in the United States.

2.  2. Ernst & Young (EY)

Ernst & Young, more commonly referred to as EY, is another Big Four firm with headquarters in London. EY was ranked as the 29th best company to work for in the United States, as well as the 11th largest private organization in the world. It was formed from a merger between Ernst & Whinney and Arthur Young & Co. in 1989. With hundreds of global offices, EY brought in $29.6 billion in revenue in its 2016 fiscal year. It is known as the auditor of many tech firms in the Silicon Valley area.

3.   3. Pricewaterhouse Coopers (PwC)

Pricewaterhouse Coopers is another international professional services network in the Big Four. Headquartered in London, it ranks just behind Deloitte in terms of revenue and size. With offices in more than 150 locations worldwide, PwC brought in $35.9 billion in revenue in 2016. PwC was created in 1998 from a merger between Price Waterhouse and Coopers & Lybrand. In September 2010, the merged company’s name was shortened to PwC as a rebranding effort. The firm is the fifth-largest privately owned company in the United States.

4.    4. KPMG

KPMG, which stands for Klynveld Peat Marwick Goerdeler, was formed from a merger between Klynveld Main Goerdeler (KMG) and Peat Marwick in 1987. With headquarters in Amsterdam, the Netherlands, KPMG currently employs about 190,000 staff with three main distinctive service lines: financial audit, tax, and advisory. Each national KPMG firm is an independent legal entity and is a member of KPMG International Cooperative, a Swiss entity.



Services offered by Big Four :

  1. Assurance
  2. Tax And Transaction Advisory Services
  3. Financial Services
  4. Business Advisory
  5. Tax And Regulatory
  6. Risk Advisory Services
  7. Audit
  8. Tax
  9. Legal advisory
  10. Financial Advisory,
  11. Risk Advisory
  12. consulting services and many more


Revenue comparison of Big Four

Company Name

2021

2020

2019

2018

Deloitte

$50 billion

$47.6 billion

$46.2 billion

$43.2 billion

PwC

$45.1 billion

$43 billion

$42.4 billion

$41.3 billion

Ernst and Young

$40 billion

$37.2 billion

$36.4 billion

$34.8 billion

KPMG

$32.1 billion

$29.22 billion

$29.8 billion

 $28.96 billion





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