Sunday, July 29, 2007

E&Y on Global Venture Capital - Vibrant and Accelerating

Ernst and Young has just released its Global Venture Capital Report 2007 showing that the venture capital market around the world remains vibrant and accelerating. Global venture capital funding in US, Europe, Israel, China and India totalled $35 billion in 2006, with China registering the sharpest growth at 58%. India also grew sharply but from a small base...

Friday, July 27, 2007

PCAOB 2006 Report on KPMG - 7 Issues Cited

The Public Company Accounting Oversight Board today released its 2006 report on KPMG (the third Big Four firm report to be issued). Based on the Sarbanes Oxley Act, the PCAOB must review accounting firms that audit 100 or more public companies once a year...

Monday, July 16, 2007

PricewaterhouseCoopers Pays a Whopping Fine in Tyco Case

PricewaterhouseCoopers recently agreed to pay a whopping $225 million to settle a securities and accounting fraud class-action lawsuit brought by Tyco shareholders. This brings the total settlement amount in excess of $3 billion for investors.

Judge Kaplan Overthrows Case Against KPMG Employees

We have blogged earlier about Judge Kaplan and the government’s tax fraud case against 13 ex KPMG employees and all the twists and turns that the trial has taken over the past few months...

We've moved. Click here to go to the full post at the new Big Four Blog at!

Thursday, July 05, 2007

CapGemini Shares Rise on Potential Buyout from Infosys

Rumors are flying about that Big Four firm CapGemini could be acquired by Indian software giant Infosys. This would create a global behemoth of sales of $14 billion combining the $11 billion of CapGemini sales with $3 billion of Infosys revenue. CapGemini shares rose almost 8% last week, giving market credibility to these rumors...

Wednesday, July 04, 2007

Big Four Firms Dominate Professional Services Rankings

The Big Four Firms - PwC, D&T, E&Y, KPMG and Accenture have taken the top 5 revenue spots in a recent global professional services report released by Managing Partners Forum. BearingPoint is number 24 while we couldn't quickly spot CapGemini in this list.

Here are some impressive (rounded) numbers


Rank 1, Revenue $22 B, Employees 142,000

Deloitte and Touche

Rank 2, Revenue $20 B, Employees 132,000

Ernst and Young

Rank 3, Revenue $18 B, Employees 114,000


Rank 4, Revenue $17 B, Employees 113,000


Rank 5, Revenue $17 B, Employees 146,000


Rank 24, Revenue $4 B, Employees 18,000

Just the top 5 firms alone account for $84 billion of revenues, a good 16% of the total US$535 billion of all the professional services firms tracked. The Big Four accounting firms (PwC, D&T, E&Y and KPMG) totaled to $77 billion, 70% of the US$115 billion of accounting revenues.

Very impressive figure, and testimony to the enormous clout of these firms in the professional services arena.

For the full report see here...