Big four
The Big Four is the name of the world's four largest accounting networks which in particular provides auditing and consulting services. This specific «Four» includes such companies as [1]:
- Deloitte;
- Ernst & Young;
- KPMG;
- PricewaterhouseCoopers.
These networks are united in the big four because they are approximately equal in such aspects as income, quality of service provision, attractiveness among young people who want to build a career in the provision of services that are related to various economic sciences, namely audit, theoretical and practical consulting, accounting, economic analytics.
The history of association
Everything began in 1910. When did not exist the four accounting companies, were the eight huge accounting organization which satisfied people's needs in this economic category. The ones made up the unity which was known as the Big Eight. They were such firms [2]:
- Arthur Andersen
- Arthur Young
- Coopers and Lybrand
- Deloitte Haskins & Sells
- Ernst & Whinney
- Peat Marwick Mitchell
- Price Waterhouse
- Touche Ross
Footnotes
References
- Kells Stuart, Gow Ian D. (2018) The Big Four: The Curious Past and Perilous Future of the Global Accounting Monopoly, Published by La Trobe University Press in conjunction with Black Inc., Australia, p.9-22
Author: Anna Sobolieva
