This presentation is about establishment of Deloitte.

1. Prepared by: Rashid Anwar
September 05, 2016

2.  He was a grandson of a Count De Loitte, who had fled
France during the French Revolution in late 17th
century.
 He was born in London on February 12, 1818 and
died in August 23, 1898.
 By blood he was a French.
 He was one of the fathers of the accountancy
profession

3.  Deloitte started his career in his
very early age.
 At the age of 15 he became an
assistant to the Official Assignee
at the Bankruptcy Court in the
City of London, and there he
learned the business.
 At that time accountancy
profession was emerging .
Career

4.  In 1845, at the age of 27 W W
Deloitte opened his own office
opposite to the Bankruptcy Court
in Basinghall Street London which
was Deloitte’s first office.
 As a result of industrial revolution
concept of Joint Stock Companies
was introduced that resulted in
demand for accountants and
auditors at that time (Industrial
revolution)

5.  He made his name with the industry
of the time—the railways
 In 1849 at the Great Western Railway,
he became the first independent
auditor of a public company ever
appointed.
 He helped develop a system that
formed the basis for the English
railway accounts, as well as a system
of hotel accounting that became
standard in the field.
 He discovered fraud perpetrated in
the Great Western Railway, of GBP
220,000 which is equivalent to GBP
18 million in terms of today’s money.

6.  He was very prominent personality
in accounting profession.
 His importance to the accounting
profession was recognized in 1888
when he was elected as 2nd
president of the Institute of
Chartered Accountants in England
and Wales.
 Deloitte was also a founder-member
of the Chartered Accountants
Benevolent Association.
 When Deloitte retired from Deloitte,
Plender, Griffiths & Co. in 1897, one
year before his death, he was the
oldest practicing accountant.

7. William Welch Deloitte was a founder of the professional
services firms that subsequently became both

8.  Deloitte

10.  W W Deloitte found a site for its Head Quarter in 1888. In
1893 he opened office in the United States where he started
to audit growing soap and candle industry.
 Over a century latter Procter & Gamble is still a client.
 In 1952, Deloitte's firm in the United States merged with
Haskins & Sells.
 In 1990, Deloitte Haskins & Sells merged internationally with
Touche Ross to form Deloitte & Touche Head Quartered in
New York.

11.  UK Deloitte firm instead merged with Coopers & Lybrand in
1990 to form Coopers & Lybrand Deloitte,
 Coopers &Lybrand Deloitte Dropped the Deloitte Suffix in
1992 and merged with Price Waterhouse.
 Which is Headquartered in London

12. Revenue in Billions Number of Employees
Deloitte 35.2 USD 225,400
PWC 35.4 USD 208,100

13.  Who invented the double entry accounting system.
 Luca Pacioli in 1494 who was an Italian Mathematician.
 1st accountancy body in the world.
 Institute of Chartered Accountants of Scotland (1854)
 Largest accountancy body in the world.
 Institute of Chartered Accountants in England and Wales
 Oldest accounting firm in Pakistan
 AF Ferguson & Company.
 When ICAP was established
 July 01, 1961

14. Thank you