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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]
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]
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.
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Efecte Plc (natively Efecte Oyj) [2] is a Finnish software company founded in 1998. Since 2024, it has been owned by Matrix42. [3]Efecte develops software for managing IT operations. [4]
In fact, the market for self-service products is expected to grow from a $40.3 billion market value in 2022 to $63 billion by 2027, according to a report from BCC Research.
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