A brief review of world's largest auditing organizations Deloitte Touche Tohmatsu, PwC, Ernst & Young and KPMG.

1. International Auditing
Organizations – Big Four
Made by
Yuriy Stakh

2. Big Four
1. Deloitte Touche Tohmatsu
2. PwC
3. Ernst & Young
4. KPMG

3. The Big Four are the four largest international
accountancy and professional services firms, which
handle the vast majority of audits for publicly
traded companies as well as many private
companies, creating an oligopoly in auditing large
companies.

4. History of Big Four
 Big Four was once known as the "Big
Eight“ (until 1987), and was reduced
to the "Big Five" by a series of
mergers (1998). The Big Five became
the Big Four after the demise of
Arthur Andersen in 2002, following its
involvement in the Enron scandal.

5. History of Big Four
Big Eight included:
1. Arthur Andersen
2. Arthur Young & Co.
3. Coopers & Lybrand
4. Ernst & Whinney
5. Deloitte Haskins & Sells
6. Peat Marwick Mitchell (then KPMG)
7. Price Waterhouse
8. Touche Ross

6. Big Four -Legal structure
None of the Big Four
accounting firms is a
single firm. Each is a
network of firms, owned
and managed
independently, which
have entered into
agreements with other
member firms in the
network to share a
common name, brand
and quality standards.

7. Deloitte Touche Tohmatsu Limited
 Deloitte was founded in 1845 in London by
William Welch Deloitte. Nowadays Deloitte, is
the largest private professional services
organization in the world. According to the
organization's website as of 2010, Deloitte has
approximately 170,000 staff at work in more
than 140 countries, delivering audit, tax,
consulting, enterprise risk and financial
advisory services through its member firms.

8. Deloitte Touche Tohmatsu Limited
 Deloitte global
headquarters is located in
Paramount Plaza,
Midtown Manhattan, New
York City, New York.
 Company’s revenue for
2010 was $26,6 billion.
 The CEO of DTTL is Barry
Salzberg

9. Deloitte Touche Tohmatsu Limited
 Services:
1. Audit and Enterprise Risk Services: Provides the
organization's traditional accounting and audit
services.
2. Consulting: Assists clients by providing services in
the areas of enterprise applications, technology
integration etc.
3. Financial Advisory: Provides corporate finance
services to clients.
4. Tax: Helps clients increase their net asset value,
undertake the transfer pricing and international tax
activities of multinational companies.
5. Other Services: provides specialized services to
clients in the fields of International Financial
Reporting Standards (IFRS).

10. PricewaterhouseCoopers
 PwC is a global professional services firm. It is
the world's second-largest professional audit
services firm. It was founded in London in
1849. It has offices in 757 cities across 154
countries and employs over 175,000 people. It
had total revenues of $26.6 billion in 2010, of
which $13 billion was generated by its
Assurance practice, $7 billion by its Tax
practice and $6 billion by its Advisory practice.

11. PricewaterhouseCoopers
 PwC’s global
headquarteres is
located in London,
United Kingdom.
 As of 2010 it was
the seventh-largest
privately-owned
organisation in the
United States.

12. PricewaterhouseCoopers
 Pricewaterhouse Coopers
has three main service
lines:
1. Assurance Services.
2. Tax Advisory.
3. Advisory - mainly
consulting activities
which covers Strategy,
Performance
Improvement, Corporate
Finance, Business
Valuation, Sustainability
and Crisis Management.

13. Ernst & Young
 Ernst & Young (EY) is one of the largest professional
services firms in the world it was founded in 1849. Ernst
& Young is a global organization of member firms in
more than 140 countries. EY employs over 141,000
people. It had total revenues of $21.3 billion in 2010.

14. Ernst & Young
 Ernst & Young is headquartered in London, UK.
 It was ranked by Forbes magazine as the 9th
largest private company in the United States in
2010.
 The firm's name arises from the global merger
between Ernst & Whinney and Arthur Young in
1989.

15. Ernst & Young
 EY has four main service lines:
1. Assurance (47%): comprises Financial
Audit, Fraud Investigation and Climate
Change & Sustainability Services.
2. Advisory Services (17%): consisting of four
subservice lines: Actuarial, IT Risk and
Assurance, Risk, and Performance
Improvement.
3. Tax Services (27%)
4. Transaction Advisory Services (TAS) (9%):
deals with companies' capital agenda -
preserving, optimizing, investing and
raising capital.

16. KPMG
 KPMG is one of the largest professional
services firms in the world it was
established in 1870. It employs 138,000
people and has three lines of services:
audit, tax and advisory.

17. KPMG
 KPMG global headquarters is located in
Amstelveen, Netherlands.
 KPMG employs over 138,000 people.

18. KPMG
 KPMG offers the following services:
1. Audit (Financial Statement Audit,
Regulatory Audit).
2. Tax (Business and Personal Tax
services).
3. Advisory: KPMG's advisory services
are organized into three themes
(growth, governance and
performance).

19. Thank you for your attention!