Big 4 Blog (The Number 1 Auditor Blog)

I wanted to make a quick post about the McKinsey news regarding severance and layoffs. They offered UK senior employees the option of 9 months severance instead of being laid off. They were also

The big 4 are once again getting ready for a downturn. The downturn has already hit the consulting market and Deloitte is making moves to address. They are going through a huge internal restructuring

For the fiscal year ended September 30, 2023, KPMG announced revenues of $36 billion. This represents growth of 5%. Headcount grew to more than 273,000 people globally. This represents a growth of about 3%.

In a recent Wall Street Journal article, PwC stated that they plan to limit the consulting services that they offer clients. They plan to do this by 2025 for their SEC audit clients. They

PwC Canada recently laid off about 2% of their workforce in silent layoffs. What does this mean for everyone? To me this doesn't mean that much. The big 4 have been warning for months

The Guardian featured an opinion piece criticizing the big 4 this past weekend on June 3. They were mainly criticizing PwC, but they also threw some shots at the other firms. They started out

2023 has proven to be a tough year economically for many companies. There has been a huge lift in the tech market related to AI however other industries have suffered. Consulting is one of

Grant Thornton has announced that they will be laying off 300 people in the United States. This is about 3% of the US workforce. Grant Thornton is based in Chicago Illinois. KPMG and EY

PwC leaked the inner working of the Australia Tax Office over a number of years. That leak was uncovered in 2023. This leak occurred in 2023 by a PwC partner named Peter Collins. How

Pwc employees forced back to the office in 2023 Tim Ryan held a webcast in the first week of may 2023 to let employees know that they would have to start working from the

Earlier this week, on April 11, it was announced that EY was putting the brakes on their breakup plan. Carmine Di Sibio was certain that the plan would go forward. He reiterated that the

EY has been banned from some audits in Germany as of April 2023 as a result of the Wirecard audit. Wirecard went under in 2020 and EY faced plenty of scrutiny after the audit

EY is in the news again regarding their proposed break up. It has been reported by multiple news organizations that partners are infighting over terms. Many publications are blaming Julie Boland who will head

KPMG announced that they will slash 700 jobs in the US workforce. That is equal to 2% of their US workforce. KPMG is the first big 4 accounting firm to cut jobs in the

As usual KPMG is the last of the big 4 accounting firms to report their financial results. They reported their FY22 results in December 2022. They achieved $35 billion in revenues in 2022. Their

In September 2022, EY announced another year of record revenue. They earned 45.4 billion of revenue for their FY 2022. In FY 2021, EY earned $40 billion. This represents growth of $5.4 billion. Audit

Will there be an end to the big 4 after the recent announcement of the split up of EY? Ey announced that they will be splitting up their audit and consulting branches into two

Deloitte posted amazing results for FY22 with $59.4 billion in global revenue. This represents an almost amazing growth rate of 20% on prior year revenue of $50 billion. Deloitte also announced the growth of

Carmine Di Sibio released the details of the EY break up plan on a firmwide webcast on July 28, 2022. There will be two companies - Assureco and Newco. Voting on the transaction will

EY has been fined $100 million by the SEC for cheating on the CPA exam. The US Firm of EY is the firm responsible for this and paying the fine.

Multiple news outlets are reporting news that EY is considering splitting their audit practice from the rest of the firm. EY is denying that a decision has been made. They aren't denying that they

PwC has decided to invest $2.4 billion into employee benefits. The new program that PwC is rolling out as part of this investment is called My+. I don't know where PwC comes up with

EY UK has announced that they plan to grow their consulting practice in the UK by over 5,000 employees by 2026. EY plans to invest 75 million pounds in order to get this