What is Big Four ? Is it a company ?
If it is a company then can I join for accounts section ?
Where is it located ? do they have any branch in Hyderabad ?
Thank you
What is Big Four ?
(Guest)
21 Replies
CA Abhash Mishra
(Chartered Accountants)
(598 Points)
Replied 12 November 2008
It mus be a partnership firm beacouse a chartered accountant firm can not be a company.
Thanks
CA Chaitanya
(PRACTISING CA)
(4283 Points)
Replied 12 November 2008
Big 4 are the biggest audit firms in India.
kckinn
(CA)
(759 Points)
Replied 12 November 2008
The Big Four are the four largest international accountancy and professional services firms, which handle the vast majority of audits for publicly traded companies as well as many private companies. The Big Four firms are shown below, with their latest publicly available data:
Firm Revenues Employees Fiscal Year
PricewaterhouseCoopers [1] $28.2bn 146,700 2008
Deloitte Touche Tohmatsu [2] $27.4bn 165,000 2008
Ernst & Young [3] $24.5bn 130,000 2008
KPMG [4] $19.8bn 123,000 2007
Rakesh sharma
(chartered accountants)
(43 Points)
Replied 12 November 2008
The Big Four are the four largest international accountancy and professional services firms, which handle the vast majority of audits for publicly traded companies as well as many private companies. The Big Four firms are shown below, with their latest publicly available data:
Firm Revenues Employees Fiscal Year
PricewaterhouseCoopers [1] $28.2bn 146,700 2008
Deloitte Touche Tohmatsu [2] $27.4bn 165,000 2008
Ernst & Young [3] $24.5bn 130,000 2008
KPMG [4] $19.8bn 123,000 2007
CA. Dashrath Maheshwari
(TaXpert)
(15103 Points)
Replied 12 November 2008
Yes deep is right,
the above group was once known as the "Big Eight", and was reduced to the "Big Five" by a series of mergers. The Big Five became the Big Four after the near-demise of Arthur Andersen in 2002, following its involvement in the Enron Scandal.
CA. Dashrath Maheshwari
(TaXpert)
(15103 Points)
Replied 12 November 2008
Even none of the Big Four accounting firms is a single firm. Each is a network of firms, owned and managed independently, which have entered into agreements with other member firms in the network to share a common name, brand and quality standards. Each network has established an entity to co-ordinate the activities of the network. In two cases (KPMG and Deloitte Touche Tomatsu), the co-ordinating entity is Swiss, and in two cases (PricewaterhouseCoopers and Ernst & Young) the co-ordinating entity is a UK limited company. Those entities do not themselves practise accountancy, and do not own or control the member firms.
In most cases each member firm practises in a single country, and is structured to comply with the regulatory environment in that country. However, in 2007 KPMG announced a merger of four member firms (in the United Kingdom, Germany, Switzerland and Liechtenstein) to form a single firm.
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 12 November 2008
Why not if they are in need of candidates?
Shraddha
(Chartered Accountant)
(123 Points)
Replied 12 November 2008
ya you can join as an article assistant.
CA. Dashrath Maheshwari
(TaXpert)
(15103 Points)
Replied 12 November 2008
Its very difficult.
They have creamy articles and employees only
Puneet Bansal
(Student)
(33 Points)
Replied 13 November 2008
The Big Four are basically the four biggest companies or firms of any industry or profession.
The names listed above are the big four of accountants and auditors.
(Guest)
Hi,
As Mr. CA.Rakesh said the name of the audit firm is not Deloitte Touche Tohmatsu...its Deloitte Haskins & Sells. Deloitte Touche and Tohmatsu if different from Deloitte haskins & sells..former mostly deals with US Processes like US taxation...and the latter is an audit firm. So if wanna do articleship apply in deloitte haskins & Sells
Regards
-Phani
kckinn
(CA)
(759 Points)
Replied 13 November 2008
Well Deloitte Haskins & Sell as claimed by Phani is non existent. After a series of mergers and acquisitions today it is Deloitte Touche Tohmatsu. For prrof you may refer to history section of its own website at :
https://www.deloitte.com/dtt/section_node/0,1042,sid%253D76339,00.html
and also wikipedia if one wishes
https://en.wikipedia.org/wiki/Deloitte_&_Touche_LLP
kckinn
(CA)
(759 Points)
Replied 13 November 2008
Getting articleship there is like the biggest gift you can imagine.Like MBA's aspire for interns/placements at firms like McKinsey, same way it is for CA's. So the whole point is it is technically possible but literally very difficult. But one may argue nothing is easy when it comes to CA.
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