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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 the other member firms in the network to share a common name, brand, intellectual property, and quality standards.
The Big Four — EY, Deloitte, KPMG, and PwC — are the world's largest accounting and consulting firms. They pull in billions annually but have faced a slowdown in demand for their services.
The United States Foreign Service has used an up-or-out system since 1980. The American Foreign Service Association, the professional organization for foreign service officers, has criticized the system on the grounds that it penalizes otherwise-dedicated officers who do not wish to enter Senior Foreign Service.
PricewaterhouseCoopers International Limited [4] is a multinational professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world [5] and is considered one of the Big Four accounting firms, along with Deloitte, EY, and KPMG.
The Big Four are attempting to balance operations following the end of the pandemic-era rush on advisory services. Many consultancies hired rapidly to meet soaring demand in the early 2020s. As ...
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Accounting networks were created to meet a specific need. “The accounting profession in the U.S. was built upon a state-established monopoly for audits of financial statements.” [4] Accounting networks arose out of the necessity for public American companies to have audited financial statements for the Securities and Exchange Commission (SEC). [5]
KPMG was the preferred employer among the Big Four accounting firms according to CollegeGrad.com. [47] It was also ranked No. 4 on the list of "50 Best Places to Launch a Career" in 2009 according to Bloomberg Businessweek. [48] It was reported in early 2012 that KPMG has about 11,000 staff in the UK and 9,000 in mainland China and Hong Kong.