EY and UT Austin top professors poll. In considering job offers from competing accounting firms, the most highly sought-after students weigh three criteria equally, and it doesn’t much matter whether the offer is for big money or whether it’s from a Big Four firm anymore, according to a leading survey of several hundred college accounting professors. Students today consider compensation and benefits, “work/life balance and a family-friendly environment” and a desirable geographic location each about equally, according to the 33rd Annual professors Survey for 2014 by Public Accounting Report. The difference is barely discernible, PAR reports. On a scale of 0 through 10, with 10 being the most important, professors marginally differentiated between the three in order of importance. They rated compensation and […]
Topic: Big Four
Five years of losses to second-tier firms. By CPA Trendlines In what the world’s leading China-watcher in accounting calls “bad news for the Big Four,” KPMG was dropped a notch and EY was pushed out of the top four rankings by Chinese-owned firms. Paul Gillis, PhD, CPA, and Professor of Practice at Peking University’s Guanghua School of Management, termed the new rankings “bad news for the Big Four,” adding, “The Big Four had better find their game soon. If the trends of the past five years continue, China may be the place where the Big Four are beaten by the second tier.”
It started as a rivalry between two brothers. One of them worked at one of the Big Four (still does). And he was always making jokes about the other firms’ scandals.
Get the full report in an instant download. [Free to PRO members.] Driven by improving economic circumstances, the Big Four are geared for revenue growth of 5% to 8% in 2013, with particularly good performances expected in advisory, Asia and even North America.
Should the world worry about mixing audit and consulting? Amid concerns among lawmakers worldwide that the audit function was being diluted by consulting, Deloitte Touche Tohmatsu is reporting $31.3 billion in worldwide revenue for the year ended in May, an 8.6% advance for the year and the firm’s strongest increase since 2008. The revelations drew some sharp reactions. “It is hardly news that the Big Four accounting firms get bigger nearly every year,” says The Economist. “But where they are growing says a lot about how they will look like in a decade, and the prospects worry some regulators and lawmakers.”
And a Washington lobbyist. But is he exactly what E&Y needs as regulators bear down on the Big Four?
Rebound led by growth in emerging nations. The years 2009 and 2010 may have been tough years for the Big Four amid a global financial crisis. But they clearly rebounded in 2011. And, the authors of a new report say, “The outlook for 2012 and beyond is quite optimistic.”
Poll shows what it takes to land the best students. Public Accounting Report’s 30th annual poll of college accounting professors shows that if their best student had a choice, that student would choose PricewaterhouseCoopers to start their career. (To subscribe to Public Accounting Report for $476 a year, call 800-248-3248, or email firstname.lastname@example.org.)
Up 1.4% in 2010 after 7% drop in 2009. Deloitte takes top spot from PWC. via “The 2010 Big Four Firms Performance Analysis” by Big4.com After an extraordinary period of continuous revenue growth from the early 2000s to 2008, combined revenue for the Big Four firms fell 7% in 2009, then recovered in 2010 and seems headed for bigger advances this year, according to “The 2010 Big Four Firms Performance Analysis” by Big4.com. In 2009, revenue decreases in US dollar percentage terms ranged from negative 5% for Deloitte to negative 7% each for Ernst & Young and PricewaterhouseCoopers to negative 11% for KPMG. But in 2010, the situation improved remarkably, with $95 billion combined revenue for the four firms in […]