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In September 2019, Bloomberg News reported that The Big Four controlled 95% of the FTSE 250 audit market by client numbers and 96% by market capitalization in August 2019, according to Adviser Rankings. [41] In 2018, an Australian parliamentary committee was told that the heads of the Big Four firms have met regularly for dinner.
PwC, Deloitte, EY, and KPMG are the four biggest accounting and consulting firms in the world. These are the leaders who run them. Meet the leaders of the Big 4, who jointly employ 1.5 million staff
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]
PricewaterhouseCoopers International Limited [4] is a British 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.
EY is set to cut 150 UK consultancy jobs amid a fall in demand for advisory services. Big Four consulting firms have launched a number of small rounds of cuts in recent months.
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related to: big 4 audit positions in california open carry events