Each year the worlds largest accounting firms grow a little larger. With mergers and acquisitions the never ending competition for global supremacy seems to never end.
Courtesy : The Big 4 Accounting Firms
With that said, as of 2014, these are the 20 biggest global accounting firms, all things considered.
And the Winner is…
1. Deloitte
It comes as no surprise that Deloitte holds the number one global position. It’s hold on the top spot seems secure for the time being.
Deloitte is located in more than 150 countries, and has over 600 offices in the world. The firm is headquartered in New York City, New York. They have most recently reached the 100-partner milestone when they merged with Curtis Mclean.
Deloitte specializes in audit & assurance, tax, advisory, and risk. They offer a wide range of services that include strategy, financial and technical, and human capital.
2. PwC
Deloitte’s closest competition over the last few years has and continues to be PwC (PricewaterhouseCoopers). PwC comes in as the second largest accounting firm in the world.
PwC has locations in more than 150 countries and more than 750 offices worldwide. Unlike Deloitte, they are headquartered in London.
The firm has most recently merged with Booz & Co, a medium sized consulting firm. The merger was approved on December 23rd, 2013. They offer a wide range of services but they specialize in audit & assurance, tax, and consulting.
3. Ernst & Young
Ernst & young earns the number three position in global accounting firms. This firm operates in more than 150 countries, utilizing more than 700 offices worldwide.
They are globally headquartered in London. In recent history the firm has acquired Greenwich Consulting, adding 7 more offices to its roster, and more experience in strategy consulting.
4. KPMG
Holding firm at number four, KPMG comes in as the last of the big 4, but still far ahead of the number five firm on our list.
The firm operates in over 650 offices located in over 150 countries around the world. They are headquartered in Amsterdam, Netherlands.
In recent news, the company has recently merged its Denmark operations with those of Ernst & Young. The merger will allow the company to offer more services to its clients while providing more support for that particular region.
5. Grant Thornton
Grant Thornton UK is number five in the top 20 firms and is an arm of Grant Thornton International. The firm has 26 offices spread across the UK and specializes in audit, tax and advisory services.
Most recently they merged with PFK to bring more services and locations to its clients in the UK. The firm is headquartered in London.
6. BDO
BDO ranks number six and is headquartered in Makati City, Philippines. The firm has more than 1,200 offices in 138 countries. They recently added to their capabilities and offices through the acquisition of Alpern Rosenthal.
The merger will allow BDO to expand its operations in both Pittsburgh and Florida. The firm specializes in audit, tax, and advisory services but has much more to offer its clients.
7. RSM Tenon
(Acquired by Baker TIlly in August 2013)
RSM Tenon Group comes in at number seven out of the top 20 firms in the world.
They are headquartered in London, and currently operate out of more than 700 offices located in more than 100 countries. The firm recently announced the merger of its China firm with that of Crowe Horwath’s Chinese firm to create a new firm called Ruihua China CPA’s.
The new firm has requested to be a member of both Crowe Horwath China and RSM China.
8. Smith & Williamson
Smith & Williamson holds the number eight position in the world. They are headquartered in London, and hold more than 550 offices in over 100 countries.
The company hasn’t merged with any other firms in recent history but is a part of M&A International and Nexia International.
9. Baker Tilly
Baker Tilly is number nine on the top 20 list in the largest firms in the world. They are headquartered in Chicago, hold more than 580 offices in more than 110 countries.
In June 2013 the firm merged with Holtz Rubenstein Reminick LLP. The merger will add 25 firms to Baker Tilly’s already larger list.
10. Moore Stephens
Moore Stephens UK holds the tenth spot on the top 20 list of firms and is headquartered in London.
They are a part of Moore Stephens International which has more than 620 offices in more than 100 countries. The UK division recently merged with Winx, corporate finance, and X-Stra, business consulting.
The merger will allow the firm to expand their corporate finance sector.
Courtesy : The Big 4 Accounting Firms
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