Big 4 Blog (The Number 1 Auditor Blog)
EY Deal On Hold As Partners Negotiate Terms
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 Cuts Jobs In The US (2023)
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
KPMG 2022 Revenue ($35 Billion)
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
EY 2022 Revenue $45.4 Billion
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 the big 4 come to an end after the EY split?
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 Revenue Grows To $59.3 Billion in 2022
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
EY’s Official Break Up Plan
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 Fined $100 Million By SEC
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.
EY To Spin Off Audit Practice
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 Invests $2.4 Billion Into Employee Benefits
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
PwC Releases 2023 Partner Pay & Staff Salary
PwC has taken a strange step and decided to release their pay bands in Australia for 2023. They disclosed these pay bands at a firm-wide meeting. PwC created these bands based on industry data
EY UK Doubles Consulting Practice
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
PwC Gets Lucky At 2022 Oscars
The slap heard around the world. Will Smith slapped Chris Rock at the 2022 Oscars and it is all anyone can talk about. The people that are the happiest about this??? PwC!!! As you
Big 4 Mid Year Compensation 2022
As a result of inflation and the great resignation the big 4 accounting firms have provided some amazing benefits in 2022. The details of the mid years raises at Deloitte, PwC, KPMG and EY
Deloitte Mid Year Benefits
Deloitte has announced some mid year benefits. Some of these are just things that other big 4 already offer, but the mid year raise appears to be something unique. Over the past two years,
Deloitte Sued Over Partner Dating Staff
According to the dailymail in the UK, a former Deloitte employee is suing over psychiatric harm from her boss. It turns out that she was also dating this former boss. The woman is Katrina
KPMG Revenue 2021
KPMG reported revenue of 32.13 billion for FY21. This represents a 10% increase over the prior year revenue of 29.22 billion. KPMG is still the fourth largest accounting firm behind EY, PwC and Deloitte.
KPMG New Benefits 2021
Kpmg has announced a change to their US benefits plan following a big increase in benefits from PwC. Paul Knopp, the KPMG US ceo announced the following benefits on his LinkedIn. KPMG will reduce
PwC Revenue 2021
PwC finally released their 2021 revenues. PwC grew their revenue from $43 billion to $45 billion. This represents growth of about 5%. This is in line with the same growth as Deloitte. Ey had
PwC Work Anywhere Policy
In early October 2021, PwC announced that their employees in the U.S. can choose where to work. This means that employee can work virtually anywhere they want in the United States. They don't have
PwC Evergrande Scandal
If you've been reading the news then you know about the Chinese real estate company Evergrande. Evergrande is having financial difficulties that could impact global markets. Well people are now finding out that PwC
August 2021 Big 4 News Stories
KPMG receives huge fine in UK KPMG received a 13 million pound fine in the UK over work they performed for Starlight. Reportedly there was some collusion between KPMG partners and a private equity
July 2021 Big 4 News Stories
KPMG Sued For $5.6 Billion In Malaysia KPMG is being sued for an audit they performed for 1MDB. 1MDB was an investment entity where the former prime minister was involved. 1MDB stands for 1Malaysia
PwC To Hire 100,000 Employees Over 5 Years
PwC has announced that they will hire 100,000 employees over the next five years. They will hiring these employees globally. PwC plans to get many of these new hires from mergers and acquisitions of
Big 4 Partner Growth in 2021
I recently received a question about partner growth in the big 4. The person was specifically asking about audit, but I wanted to review all lines of service. Audit is still making plenty of