Kpmg how many firms

Following the collapse of Arthur Andersen, due to its proven responsibility in the Enron scandal, the five became the present-day four. These firms perform most of the auditing work for some of the largest public companies in the world.

In fact, the vast majority of Fortune companies have their financial statements audited by one of the Big Four. As of December , the Big Four employs almost 1 million people in the aggregate worldwide, or an average of , employees per firm. With degree views of companies and industries, the Big Four are authorities in the business. They have extensive recruiting and training programs for fresh graduates and sought-after passageways for tax and consulting professionals to and from many industrial sectors.

However, the Big Four is not without its critics. Despite all its resources and inside access to companies, these giants have not been the ones to uncover massive frauds that have caused pain for shareholders of companies and investors in funds. Enron and Worldcom were exposed by forensic accounting experts, not any of the Big Four.

Critics say that the accounting firms do not want to ask too many tough questions of their paying clients or assiduously investigate something suspicious in their books. That would be tantamount to biting the hand that feeds you.

CFA Institute. Career Advice. Company Profiles. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. Single Accounts Corporate Solutions Universities. Published by Statista Research Department , Aug 27, These firms are known collectively as the Big Four and reported a combined worldwide revenue of over billion U.

In terms of revenue KPMG was the smallest of these firms in that year, generating around 18 billion U. The revenue of KPMG grown overall throughout the past decade, reaching The company consistently generates its highest revenues in the EMEA Europe, Middle East and Africa region, grossing just under 13 billion dollars there in The total number of staff reached over , in that year.

Deloitte had the most staff in that year with over , employees, approximately 93, more than KPMG. This text provides general information. Statista assumes no liability for the information given being complete or correct.

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