The “Big 4” refers to the four largest accounting firms in the world, which are Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst & Young), and KPMG (Klynveld Peat Marwick Goerdeler). These firms are international in scope and offer a wide range of services, including audit, tax, consulting, and advisory services to clients in various industries.
While all four firms provide similar services, there are some slight differences between them. For example:
- Deloitte is known for its consulting services and its work with large public sector organizations, including governments and non-profits.
- PwC is known for its expertise in tax and audit services and has a large presence in the financial services industry.
- EY is known for its global reach and its work in areas like assurance, tax, transaction, and advisory services.
- KPMG is known for its audit and tax services and has a strong presence in the financial services and healthcare industries.
Overall, the differences between the Big 4 firms are subtle, and they are all highly regarded in the accounting and consulting industries. Many people choose to work at these firms early in their careers as a way to gain public accounting experience for the CPA designation, as well to build their professional networks.
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