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Global revenue climbed 3.1% to $67.2 billion in the 2024 financial year, but, like EY, that performance was far lower than the 14.9% growth in 2023.
Until 2020, KPMG [4] was the only Big Four firm not registered as a UK private company, but rather the co-ordinating entity was a Swiss association (verein). However, KPMG International changed its legal structure from a verein to a co-operative under Swiss law in 2003, [5] then to a UK limited company in 2020. [4]
Deloitte, EY, KPMG, and PwC make up the Big 4 - AOL
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.
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]
“It’s really the next iteration of the internet,” Cliff Justice, KPMG U.S. leader of enterprise innovation, told Fortune of the metaverse and Web3.
Along with Deloitte, KPMG and PwC, it is one of the Big Four accounting firms. It primarily provides assurance , tax , information technology services (including managed services in areas like Cybersecurity , Cloud , Digital Transformation and AI ), consulting , and advisory services to its clients.
KPMG has built a suite of tools designed to make it easier to collate and query data from both traditional databases and blockchains, allowing for streamlined cryptoasset management.