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The firms which came to be known as the "Big Eight" originated in various UK and US audit firms established in the 19th or early 20th centuries and later merged together. The firms' initial international expansion was driven by the needs of British and American based multinationals for worldwide service. They expanded by forming local ...
The largest accounting networks adopted trade names that each member used. The names of the original firms that became part of the networks were lost and replaced with trade names. The perception was created that these networks were more than networks, but single entities rather than completely independent firms.
Kreston Global is a network of 160 accountancy and financial services firms worldwide ranked the thirteenth largest network of accounting, auditing, and consulting firms in the world by the International Accounting Bulletin’s annual rankings survey. [1] [2] [3]
They include legal and law firm based multidisciplinary networks like Lex Mundi, Alliott Group, World Services Group, TerraLex, Meritas, IR Global and the State Capital Group. There are more than 175 known networks in law, [4] 40 in accounting, and 20 specialty networks. [5] Individual networks have revenues exceeding $20 billion. [6]
It is the 8th largest global accounting network in the world by revenue. [3] The network consists of more than 220 firms with over 40,000 employees in 130 countries. [4] Crowe provides audit, tax, consulting, enterprise risk and financial advisory services. In FY 2023, the network earned a record US$5.3 billion in aggregate revenues.
Baker Tilly International is a consulting and public accounting firm. It is currently the 10th largest accounting network in the world by revenue with 43,000 people in 700 offices across 141 territories with combined global revenues of US$5.2 billion. [1]
CLA Global has more than 10,000 clients in more than 100 countries. CLA Global is one of the top 15 global accounting and advisory organizations in the world, based on fee income. [8] CLA Wealth Advisors ranked 50th in Barron’s top 100 RIA firms for 2023 [9] and is ranked number five in assets under management by Accounting Today. [10]
Deloitte is the largest professional services network by revenue and number of employees in the world and is one of the Big Four accounting firms, along with EY, KPMG, and PwC. [5] [6] The firm was founded by William Welch Deloitte in London, England in 1845 and expanded into the United States in 1890. [7]