Who are the Big 4 corporate finance groups?
The Big Four are the four largest global accounting firms—Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG), as measured by revenue.
The Big Four are the four largest professional services networks in the world: Deloitte, EY, KPMG, and PwC. They are the four largest global accounting networks as measured by revenue.
The financial sector is one of the largest portions of the S&P 500. The largest companies within the financial sector are some of the most recognizable banking institutions in the world, including the following: JPMorgan Chase (JPM) Wells Fargo (WFC)
Thus, in 2002, Arthur Andersen, the fifth member of the then Big 5, was dissolved. Since then, Deloitte, PwC, EY and KPMG have been known as the Big 4 and dominate the market for auditing, accounting and consulting. The majority of listed companies in particular rely on the Big 4, both nationally and internationally.
The Corporate Finance team at most Big 4 firms is an internal investment bank that executes entire M&A deals from beginning to end.
The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank.
These top accountancy firms are the largest accountancy firms in the world and are commonly called the Big 4. Until 2002, the Big 4 were the Big 5 accounting firms. The firm Arthur Andersen was dropped from this list after the Enron scandal.
Culture and Values: KPMG places a strong emphasis on its core values of integrity, excellence, and teamwork. The firm aims to foster a collaborative and inclusive work environment where employees are encouraged to uphold these values in their interactions with clients and colleagues.
Finance is the management of money which includes investing, borrowing, lending, budgeting, saving and forecasting. There are four main areas of finance: banks, institutions, public accounting and corporate.
Deloitte Consulting is a brand name owned by Deloitte Touche Tohmatsu Ltd (DTTL), which is a UK limited company. DTTL has a network of member firms (which it doesn't own) that are independent of each other in terms of capital structure and liabilities, and are typically limited liability partnerships.
Which Big 4 is the most prestigious?
PwC is the largest by revenue and the most prestigious of the Big Four with a strong and established audit client base. Deloitte is just a fraction smaller than PwC. It gets significantly less of its revenue from audit services and more from consulting.
Behind the Big 4 are well-known national firms like BDO, Grant Thornton, and Crowe that generate strong revenues through diverse service offerings. For example: BDO recorded $11.8 billion in 2021 revenue across 167 countries. Grant Thornton follows at #6 with $6.4 billion across 140 countries.
There is a brief overview in the prologue about how mergers led to the emergence of the Big Six – Arthur Andersen, Coopers & Lybrand, Deloitte & Touche, Ernst & Young, KPMG Peat Marwick, and Price Waterhouse.
Unlike our larger competitors who work almost exclusively with large companies and smaller firms who rarely work with big organisations, the breadth of our client base has allowed us to gain valuable insight into the complexity of how different businesses operate and the variety of issues and risk they face.
Types of corporate finance activity. Mergers and acquisitions (M&A), and demergers involving private companies. Mergers, demergers and takeovers of public companies, including public-to-private deals. Management buy-outs, buy-ins or similar of companies, divisions or subsidiaries – typically backed by private equity.
Deloitte Corporate Finance Advisory Services help companies making transformative steps like mergers and acquisitions, board and strategy decisions, and ESOP.
What is the No. 1 bank in America? J.P. Morgan Chase is the number one bank in America in terms of total assets held, according to the Federal Reserve.
When it comes to the most controversial tax-avoiding US technology companies, one common thread appears: the accountancy giant Ernst & Young (EY). The firm serves as auditor and tax adviser to Google, Apple, Facebook and Amazon – the businesses which have come under the most fire for avoiding taxes.
| Ranking | Bank | Total Assets |
|---|---|---|
| 1 | JPMorgan Chase | $3.3 trillion |
| 2 | Bank of America | $2.4 trillion |
| 3 | Wells Fargo | $1.7 trillion |
| 4 | Citibank | $1.6 trillion |
Typically, the Big 4 apply specific, predetermined tools to problems within defined subsets of the client company. This is very different from the Big 3 consulting firms, which employ more wide-ranging, free-form solution-finding processes and deal with the client company as a whole.
Is Accenture a Big 4?
Neither Accenture nor McKinsey are Big 4. The Big 4 are PwC, EY, KPMG, and Deloitte.
- Arthur Andersen. (Became Defunct in 2002) ...
- Arthur Young. (Now Ernst & Young) ...
- Deloitte Haskins & Sells. (Now Deloitte & Touche) ...
- Ernst & Whinney. (Now Ernst & Young) ...
- Peat Marwick Mitchell. (Now KPMG) ...
- Price Waterhouse. (Now PwC) ...
- Touche Ross. (Now Deloitte & Touche) ...
- Coopers & Lybrand. (Now PwC)
KPMG was fined 14.4 million pounds last year after providing false and misleading information to the FRC during spot checks on audits of Carillion and outsourcing firm Regenersis.
Burnout: Many people who work at the Big Four firms report high levels of stress and long hours, which can lead to burnout and a desire to leave the firm. Better opportunities elsewhere: Some people may leave the Big Four firms in search of better opportunities or more favorable working conditions at other companies.
KPMG was formed in 1987 with the merger of Peat Marwick International (PMI) and Klynveld Main Goerdeler (KMG) and their individual member firms. Spanning three centuries, the organization's history can be traced through the names of its principal founding members whose initials form the name 'KPMG'.
