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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.
BDO USA, P.C. is the US member firm of BDO International, the 5th largest global accounting network with over $12.8 billion in revenue. It is the 6th largest accounting and professional services firm in the United States by revenue. [3]
RSM International, branded RSM since 2015, is a multinational network of accounting firms forming the sixth-largest accountancy professional services network in the world by revenue. [2] [3] RSM's member firms are independent accounting and advisory businesses, each of which practices in its own right and is unified as part of the network.
In June 2014, Grant Thornton announced J. Michael McGuire as the firm's chief executive officer. [8] In August 2019, Brad Preber assumed CEO duties of the firm. As of 2019, Grant Thornton was the sixth largest accounting firm in the United States [3] and had 59 offices with more than 550 partners and 7,000 employees. Its revenue for fiscal year ...
It is the 8th largest global accounting network in the world by revenue. [3] The network consists of more than 220 firms with over 40,000 employees in 130 countries. [4] Crowe provides audit, tax, consulting, enterprise risk and financial advisory services. In FY 2023, the network earned a record US$5.3 billion in aggregate revenues.
Additionally, the larger the firm, the more likely it will be invited to render auditing engagements. A large organized network allows for spreading the costs to price competitively. Ultimately, size is the only real means of differentiation that is readily available on accounting firms to assure clients that they can do international work. [6]
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