With all the craziness going on in the big 4 accounting firms right now, I wanted to highlight an area of growth. We’ve been talking a lot about layoffs and downsizing, but overall the equity markets in the United States have done really well. An area that is heating up even more is SPACs.

BDO recently released their 2020 results for their US firm. They announced $1.8 billion in revenue for the year ending April 30, 2020. This obviously does not include most of the problems related to coronavirus. This revenue number represents an increase of 11.3% year over year. This is the 8th consecutive year of growth

EY as part of the year end financial review mentioned a business school that they have. They have a Tech MBA that they are offering all their employees. Ey says that it is open to their 300,000 employees in over 150 countries. This new MBA will allow employees to learn about technology, leadership and

Deloitte partners released their salaries as part of their 2020 financial release. Before we get to the pay cut let's discuss their overall financial results. Deloitte UK results were 4.31 billion pounds in 2020 versus 3.95 billion pounds in 2019. They moved to 20,000 employees and 1,183 partners. I’m not sure how they get

Leaders of the big 4 accounting firms pwc, deloitte, ey and KPMG announced the new ESG (Environmental, social and governance) criteria. These ESG criteria will measure a company’s progress on things like greenhouse gases and diversity in the boardroom. They took these ESG standards from the UN. The UN first mentioned them in 2006.

Is EY Still Hiring? EY is hiring. They said they hired 76,000 people in 2020 from almost 2 million applicants They said they did most of their hiring virutally because of covid 19. In 2019 they had 284,018 employees. In 2020 they grew to 298,965 people. This means they grew by 14,947 15,000 internships

Deloitte has been fined in the UK by the FRC again. We know that the big 4 accounting firms have been frequent targets of the Financial Reporting Council in the UK. The firm was sanctioned and so were two of their partners. They were fined 19.4 million dollars which is a record fine by

Deloitte $47.6 billion PwC $43.0 billion EY $37.2 billion Pwc had growth of only 1.4% EY had growth of 4.1 Deloitte had growth of 5.5 What did we learn? This was actually good news. The big 4 accounting firms all did well considering covid 19. However what this shows is that many companies aren’t

Deloitte earned $47.6 billion in 2020 despite a bad economy. This is up from $46.2 billion in 2019. PwC only got up to 43 billion in the current year and EY is at $37 billion. Deloitte is pulling pretty far ahead here especially in a tough year. Deloitte breaks out there revenue into many

Ey released their 2020 revenue numbers on September 10, 2020. They reported revenues of 37.2 billion across the world. In 2019, they reported revenues of 36.4 billion. This means that revenues grew by only 800 million in 2020. That represents about 4% growth for EY. I’m sure they are pretty disappointed in this number,