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 fiscal year ended September 30, 2022. The actuals for the year were $34.64 billion which was rounded up to $35
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 earned $14.4 billion in revenue in FY 2022. Audit grew by 8.9% on a year over year basis. Tax earned
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 firms. They are doing this as a result of regulation around the globe. This regulation has limited their ability to
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 their headcount. The total number of employees that work at Deloitte now stands at 415,000 professionals globally. Audit grew only
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 happen in November 2022 to January 2023. The transaction would most likely take place towards the end of 2023.
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 have considered it, but they are denying that a final decision has been made. Carmine Di Sibio told employees in
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 all these weird acronyms, but the program sounds pretty cool. It allows employees to work from anywhere. You can work
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 so that they can remain competitive and recruit more people. The lowest salary for a starting associate is $55,000. The
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 done. This would bring their total headcount above 10,000 consulting staff if everyone were to stick around. There is tons
