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- The Big Four accounting firms are the four largest international professional services networks that offer audit, assurance, tax, consulting, advisory, actuarial, corporate finance, and legal services12. They are Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC)12. The Big Four emerged after the collapse of Arthur Andersen in 2001 due to its involvement in the Enron scandal2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Big Four or Big 4 may refer to: Groups of companies Big Four accounting firms: Deloitte, Ernst & Young, KPMG, PwCen.wikipedia.org/wiki/Big_Four
Finally, the insolvency of Arthur Andersen stemming from their involvement in the 2001 Enron Scandal produced the Big Four:
- Deloitte & Touche (now known as Deloitte)
- Ernst & Young (now known as EY)
- KPMG
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Big Four accounting firms - Wikipedia
The Big Four are the four largest professional services networks in the world: Deloitte, EY, KPMG, and PwC. They are the four largest global accounting networks as measured by revenue. The four are often grouped because they are comparable in size relative to the rest of the market, both in terms of revenue … See more
None of the "firms" within the Big Four is actually a single firm; rather, they are professional services networks. Each is a network of firms, owned and managed independently, which have entered into agreements with … See more
Audit quality and ethics
A 2019 analysis by Public Company Accounting Oversight Board (PCAOB) in the United States … See morelate 20th centuryThe Big Eight gradually reduced due to mergers between these firms, as well as the 2002 collapse of Arthur Andersen, leaving four networks dominating the market at the turn of the 21st century.1987Peat Marwick merged with the Klynveld Main Goerdeler group to become KPMG Peat Marwick, later known simply as KPMG.1989Ernst & Young merged with Arthur Young to form Ernst & Young in June, and Deloitte, Haskins & Sells merged with Touche Ross to form Deloitte & Touche in August.1998Price Waterhouse merged with Coopers & Lybrand to form PricewaterhouseCoopers.2001The Enron collapse and ensuing investigation prompted scrutiny of the company's financial reporting and its long time auditor, Arthur Andersen.2011In the United Kingdom in 2011, it was reported that the Big Four account for the audits of 99% of the companies in the FTSE 100 Index, and 96% of the companies in the FTSE 250 Index, an index of the leading mid-cap listing companies.2018In October 2018, the CMA announced it would launch a detailed study of the Big Four's dominance of the audit sector.2020In July 2020, the UK Financial Reporting Council told the Big Four that they must submit plans by October 2020 to separate their audit and consultancy operations by 2024.In 2010, Deloitte, with its 1.8% growth, was able to outpace PricewaterhouseCoopers' 1.5% growth, gaining "first place" in revenue size, and became the largest firm in the professional services industry. In 2011, PwC re-gained first place with 10% revenue growth. In … See more
• Accounting network
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• See moreWikipedia text under CC-BY-SA license What Are the Big Four Accounting Firms? Definition …
WebMar 2, 2024 · Learn what the Big Four are, how they dominate the global accounting industry, and what services they offer beyond auditing. Also, find out the history, revenue, and controversies of these firms.
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WebJan 4, 2024 · Learn about the Big Four firms, their revenue, services, and challenges from Statista's data and analysis. Compare Deloitte, PwC, EY, and KPMG across various dimensions and regions.
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