Globally Recognized Big Four Accountancy Firm
The Big Four accounting firm refer to the four largest internationally renowned accountancy and auditing services firms in the world. These four firms are Deloitte & Touche, Ernst & Young, Pricewaterhouse Coopers and KPMG and they service clients from large, international and local companies around the globe.
The Big Four Accounting Firm was formerly known as the Big Five, the fifth member being Arthur Andersen. The aftermath of the Enron scandal in 2001 saw the removal of Andersen from auditing anymore public companies.
Deloitte is a collaboration of dedicated professionals in firms around the world that provide auditing, consulting, financial advisory, risk management and tax services to their clients. The collaboration of firms comes under the brand name Deloitte Touche Tohmatsu which is under the Swiss Verien entity. Each of these firm shares a common goal- which is to provide services with the same quality, brand and name to all its clients.
Ernst & Young however is an entity under the UK limited company. With a staff strength of 130 000 people around the world, Ernst & Young specializes in Assurance and Advisory Business Services (AABS), Tax Services and Transaction Advisory Services (TAS) and service clients from diverse industries such as Talisman Energy, Royal Australian Mint, Magna International Coke, Wal-Mart, Hewlett-Packard, Intel, Deutsche Telekom and British Airways.
PricewaterhouseCoopers and KPMG
PricewaterhouseCoopers was formed in 1998, in London after a merger between Price Waterhouse and Coopers & Lybrand. They have firms in 150 countries with an employment of 146 000 globally who service clients spanning from Aerospace & defence such as Raytheon and United Technologies; Banks such as Al Rahji Banking & Investment, Bank of America and Bank of Ireland; Media with companies like CBS, Viacom and Walt Disney as well as Pharmaceuticals & biotechnology companies like BayerBristol-Myers-Squibb, Johnson & Johnson, Novartis and Wyeth.
KPMG is another accountancy and auditing firm that has firms in over 140 countries, employing more than 123,000 people across a range of disciplines. Their clientele covers business corporations, governments and public sector agencies as well as non-profit organizations. KPMG stands for the names of its founding partners Klynveld, Peat, Marwick and Goerdeler.
Their clients include Kuwait Petroleum Corporation HSBC, Kaiser Foundation, DaimlerChrysler, General Electric, Honda, Jabil Circuit, National Geographic Society, NBC Universal, Burger King, Cargill, Carlsberg, Carrefour, Siemens, Symantec, TDK Corporation, TiVO, and many more.
These big four accounting firm practice a high level of professionalism and quality in extending their services to their clients. Working in one of these firms can be very challenging as well as rewarding to an intern, fresh graduate of an experienced accountant.
You would need sheer determination and a positive attitude in meeting with clients of local and international level to meet their expectations in giving world-class consulting advice.
If you desire to work in any of these firms, a good entry point is to do a summer internship with them. By doing an internship in one of the big four’s, it will help you get introduced to the firm, learn their house style and make networking connections that can secure you a job in the future.
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