Top 4 accounting firms in the world have control over the Accounting Auditing industry. These Big 4 Accounting Firms known as “The Big 4”. These Top 4 Accounting Firms are handling 80% of United Stated Auditing, Companies.
The Big 4 companies not only offer Accounting & Auditing services, but these are also advising for taxes and provide a broad range of management and assurance services. These companies are working as a network to maintain the standard. These Top 4 Accounting Firms are in agreement to keep the norm.
They are working with a standard, and they have highly profession employed. They are hiring young and experienced employees over the world to provide quality services. They have earned the trust and respect because of their quality services.
The Revenue of Top 4 Accounting Firms 2015.
1. Deloitte LLP
30 Rockefeller Plaza
New York, NY 10112
Phone: (212) 489-1600
Fax: (212) 489-1687
In The United State (and in the World) Deloitte LLP is number one Accounting firm, and it is number one to in the Big 4. In Start this company started by William Deloitte and then three other companies George Touche, Charles Haskins, Elijah Sells merged with it. Now today this company was known as Deloitte LLP, and it has four subsidiaries: Deloitte Tax LLP, Deloitte Financial Advisory Services LLP, Deloitte Consulting LLP and Deloitte & Touche LLP
With the passage of time, Deloitte LLP move continues struggling and keep merging and buy other companies. The result of this effort is Deloitte LLP is number one Accounting Firm in the world.
As the company moved to next development level, Its employee needs to be increased and the started hiring more people This hiring consistency voted then as Best Employer to work for by the Fortune Magazine. They have not just hired experienced employees. They hire entry level from universities, and they start a program How to get a job with Deloitte. The Biggest thing, Deloitte is paying higher salaries for starting workers at $70,698.
In 2015, Deloitte firm reported as surprising revenue $35.4 Billion. From last four years, the company continued to grow over average 7% even in the recession. In 2015, the substantial annual growth was 8% highest from Top 4 Accounting Firms. They are maintaining the growth rate from past four years.
Deloitte has offices 600 plus offices in 150 countries. They have offices every state of the USA from California to Florida.
2. PricewaterhouseCoopers (PwC)
300 Madison Avenue
New York, NY 10017
Phone: (646) 471-4000
Fax: (646) 471-4444
PricewaterhouseCoopers (PWC) is one of the Big 4. It is ranked number two in the Top 4 Accounting Firms. The founder of the PWC is Samuel Lowell Price. He founded this in 1849 in London.
PwC took several years to grow up and merged with Holyland and Waterhouse. In 1998 the final merger game when Price Waterhouse and Coopers & Lybrand start working together. It’s Become PwC (PricewaterhouseCoopers). In 2010, the Firm shorter their brand name PwC. But PricewaterhouseCoopers is still working as Full Legal Name of the company in the Company audits.
As Deloitte working on training seminars. PwC starts working on training programs for their employees. The difference between both companies of a training program. PwC is offering online free for their staff and public. For those people who want to earn CPE (Continuing Professional Education).
PwC offering a large number of services for their clients. Such as Audit & Assurance, Consulting, IFRS reporting, tax services, and others.
3. Ernst & Young
5 Times Square
New York, NY 10036-6530
Phone: (212) 773-3000
Fax: (212) 773-6350
Ernst & Young is at number three if we talk about top 100 Accounting firms. It is also the combination of two companies. Arthur Young & company and Ernst & Ernst are two companies merged when Ernst & Young formed. It is the more interesting thing, Arthur Young and Alwen Ernst never met to each other in life. In 1989, both companies merged when both persons passed away a long ago.
Today Ernst & Young have 700 plus offices in the 150 countries. This is standing in Top 4 Accounting Firms in the world. They are offering the large number of services such as assurance, taxes, advisement, transactions, and much more.
If we see the company growth rate, in last five year’s company have highest growth rate. The growth rate was pulled up from 1.4% in 2012. $25.8 billion revenue was reported in 2013, and annual growth rate was 5.8%. It was a really big achievement.
Ernst & Young Revenue by Year
Although, they continue growing over the years and stay in Big 4 Accounting Firms. Ernst & Young is also offering for their employees. But actually, it is not open for public.
345 Park Avenue
New York, NY 10154-0102
Phone: (212) 758-9700
Fax: (212) 758-9819
Klynveld Peat Marwick Goerdeler (KPMG) is on number four from the Top 4 Accounting Firms. KPMG have more than 670 offices that are located in the 150 countries. The company was established in 1911 when William Barclay Peat & Co merged with Marwick Mitchell & Co.
Peat Marwick merged with KMG to form the KPMG in 1987. They have changed their name several times but not stick, but at the end, they stay with KPMG.
If we talk about annual return, it was $23.42 billion in 2013 and growth rate was 1.4%. In 2012, the growth rate was higher from these numbers. It was 2.1% in 2012. KPMG have lowest growth rate from The Big 4 or Top 4 Accounting Firms. They are struggling and emerging with more Accounting Firms to increase their growth rate.
Klynveld Peat Marwick Goerdeler (KPMG) Revenue by Year
KPMG offering three primary services. These three services are audits, advisory services, and taxes. These three services are broken into many subcategories.
KPMG is offering online training, self-education, and seminars for their employees. Like other Big companies, KPMG is also hiring from universities and colleges. They are training them and getting their services with high paid salaries.