Tuesday, January 06, 2009

Big Four Firms Combined Revenues Top $100B, Employment Nearly 600,000!

With KPMG being the last firm to reports its 2008 performance, we can now complete the full financial picture for all the Big Four firms in 2008. The five years from 2004 to 2008 have been some of the best growth years for these firms. In a strong economic environment, with rapid development in the BRIC nations and solid growth in emerging markets, the Big Four firms capitalized on demand for global financial and accounting services to boost their top line and posting a string of back-to-back record performances. Their worldwide reach and ability to offer complex seamless and multi-country services, coupled with need for name-brand public accountants enabled them to grow all their service lines, especially Audit boosted by Sarbanes Oxley regulations in the United States. Growth in Brazil, Russia, India and China was reported at nearly 30+ % each year, as these economies expressed their latent need for professional services.

We’ve moved. Click here to go the full post at the new Big Four Blog at Big4.com!

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