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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.
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.
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.
Four years later, Ernst & Young became the only member of the Big Four to have two member firms in the United States, with the inclusion of Mitchell & Titus, LLP in 2006, the largest minority-owned accounting firm in the United States. [20] [21] Mitchell & Titus ended its membership in the EY network effective October 30, 2015. [22]
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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 ...