Big Four Firms Dominate Professional Service 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..

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Accenture Blows Away Analyst Expectations, Stock Zooms!

As we blogged yesterday, the bar was set high for Accenture (NYSE: ACN), but the firm had no problems surpassing that threshold. Strong financial results for the Q3-2008 (ended May 31, 2008) of net revenues of $6.10 billion, 20% year-over-year increase in U.S. dollars and the highest quarterly net revenues in the company’s history; combined with an record EPS of $0.74, up 36% from Q3-2007 blew away analyst expectations...

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Deloitte's WIN Blog Passes On the Torch

We have blogged before about Deloitte’s Women’s Initiative Network (WIN) blog pioneered by Cathy Benko who went public in January 2007 and wrote heart-warming, insightful, tell-it-like-it-is posts, many times going against the corporate grain. Her veracity and everyday humor added color and perspective to what professional women face at Deloitte and perhaps at other organizations. Most of all she had courage, and wasn’t afraid to say what was on her mind...

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Accenture’s Steady Results Move Stock up 18% in 2008

Accenture (NYSE: ACN) is set to report its third quarter 2008 earnings (March, April, May 2008) tomorrow June 26, 2008 to Wall Street and has scheduled a conference call at 4:30 PM EST (800-288-8968) to discuss these results with investors...

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PwC Study Mainstay for TechCrunch Social Network Valuations

There’s a new blog post today at TechCrunch where Michael Arrington indicates a dollar enterprise value for different social networks based on the recent implied valuations of Facebook ($15 billion), LinkedIn ($1 billion) and Bebo ($850 billion)...

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KPMG Finds Corporate Investments Balance to Shift Considerably

A recent KPMG International survey shows that the winds of global corporate investments are going to change in favor of the developed world. This mirrors the shift in the balance of global economic power, that we all know anecdotally, is finally making its impact...

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Big Four Firms Have Top Spots as Desirable Employers

The Universum USA survey of most desirable employers from the perspective of over 40,000 US undergraduates conducted from December 2007-April 2008 puts the Big Four Accounting Firms within the top 20...



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Deloitte Remains Embroiled in Parmalat Saga

Remember Parmalat ? the Italian diary company which plunged into spectacular bankruptcy in 2003 when it collapsed under a huge debt burden of EUR 14 Billion. Since then, the company has restructured and relisted in 2005 in Milan...

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Big Four Firms Contribute GBP 100,000 Each to New Center

After much study, The International Centre for Financial Regulation with a goal to "
establish a unique centre of excellence...to understand and explore the contribution
that efficient systems of financial regulation make to global growth, including in

developing economies." is moving fast to be a global influential institution in the city of London, UK. 

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PwC People Blog On, Humanizing the Organization

Some months ago, we looked at who is blogging from inside at the Big Four firms. Our survey indicated blogs at Accenture (NYSE: ACN), Capgemini, PricewaterhouseCoopers LLP, Deloitte & Touche LLP, and one by KPMG LLP's Chairman.

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Deloitte's New Innovative Pro Bono Program



 Deloitte just announced a new way to help society. Its vision is laudable - " transform the way the organization supports charitable organizations and strengthens the nonprofit sector". This emulates other result-oriented charitable organizations such as the Gates Foundation, where charitable contributions are made with clear line of sight to outcomes and return on initial investment.

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All Big4 Firms On Fortune's 100 Best Companies To Work For

All Big Four firms recently made it to the recent Fortune magazine's listing of Top 100 US Companies to work for. This ranking is highly anticipated and widely quoted. Deloitte even carried a press release on their inclusion on their website.

Leading the pack in the list was Ernst and Young at #57, followed by KPMG at #71, PricewaterhouseCoopers at #90, and Deloitte at #95.

And here are more interesting numbers from the report. Keep in mind that these are the US firms of the larger international Big Four partnerships, and while some numbers pertain to the US, some others (such as revenue) are for the global firm:

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GAO Finds Big4 Audit Share is a Whopping 98%

The US Government Accountability Office just released a very interesting report on the state of the Audit industry as it relates principally to the Big4 audit firms and their smaller-sized competitors. This is a complex area and the GAO study attempts to address many of the intricate dimensions, including questions such as:

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E & Y Spells Out the Top 10 Risks for Global Business

In a recent fascinating study, Ernst and Young spells out their findings on the top strategic risks facing global businesses, based on discussions with 70 top risk analysts.

These Top 10 are:

1. Regulatory and compliance risk
2. Global financial shocks
3. Aging consumers and workforce
4. The inability to capitalize on emerging markets
5. Industry consolidation/transition
6. Energy shocks
7. Execution of strategic transactions
8. Cost inflation
9. Radical greening

10. Consumer demand shifts

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Big Four Firms Report Tremendous 2007 Results

The Big4.com 2007 Firms Performance Analysis

The Big Four accounting firms had a banner year in 2007 with double-digit revenue growth on the heels of strong performances in 2006 and 2005. KPMG had the highest annual growth rate among the firms with 17.4%, followed by Deloitte at 15.5%, Ernst and Young at 15% and PricewaterhouseCoopers bringing up the rear at 14.4%. Despite this relatively slower growth, PwC remains the planet’s largest accounting firm with 2007 revenues of $25.2 billion, ahead of Deloitte at $23.1 billion, E&Y at $21.1 billion with KPMG being relatively the smallest firm at $19.8 billion...

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KPMG - Last Big4 to Report, Shows Excellent Growth

KPMG was the last Big Four firm to report its 2007 financial performance this year. Revenue growth was solid across all business lines and geographies. Advisory services and BRIC countries grew the fastest, to put KPMG's 2007 revenue just shy of $20 billion...




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Yes Virginia, Deloitte Says Santa Still Holding Steady

Deloitte's 22nd annual survey cuts through typical Big Four stodginess with a refreshing headline:

Yes, Virginia, There is a Santa Claus; Gift Buying is Expected to Hold Steady, Although Consumers Will Spend Less Overall

Here's what Virginia needs to know about the American consumer: While 4 of 10 have intentions to spend less this year than last, they may end up spending almost the same amount. And why do people want to spend less? Lower income households cite higher food and fuel costs as reasons, while those at higher income levels point to volatility in the stock market and declining home values...

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Grant Thornton Revenue Up 17%

Grant Thornton LLP, the U.S. member firm of Grant Thornton International, reported on October 17th, that its revenues increased 17% to break the bilion dollar level for the fiscal year ending July 31, 2007. Revenues was $1.036 billion

Grant Thornton also said that of its 1,896 new client engagements, 1-in-5 were companies with global operations. But it did not provide much more than this high level info...

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KPMG: The Last Big Four Firm to Report 2007

KPMG is the last Big Four firm to report its results. The other Big Four firms - Ernst and Young, PricewaterhouseCoopers and Deloitte and Touche - have all reported their fiscal 2007 results. And they have all been terrific, all at around 15%, which is quite amazing given that the starting point for revenues is around $20 billion. It is quite hard to grow at these rates for several consecutive years for mega professional service firms.

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Ernst and Young: Double Digit Revenue Growth to $21 Billion

Ernst & Young just announced that its global revenues soared to US$21.1 billion for the fiscal year ending 30 June 2007, increasing 15% or US$2.7 billion higher than 2006...

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