Big Four


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Big Four

The four largest accounting firms in the United States: Deloitte Touche Tohmatsu, Pricewaterhouse Coopers, Ernst & Young, and KPMG. In addition to accounting, these firms all offer auditing and advisory services. The number of "big" accounting firms has decreased over time because of mergers and, most recently, the ruin of Arthur Andersen following the Enron scandal in 2002.

Big Four

A widely used reference to the four largest public accounting firms that perform most of the external audits in the United States for large publicly owned corporations. The Big Four include PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young, and KPMG. The group was long known as the Big Eight until it was reduced by mergers; it was called the Big Five until the Enron scandal led to the collapse of Arthur Andersen.
References in periodicals archive ?
A big four team to win the FA Cup: 8-13 yes (Blue Square, Hills), 5-4 no (Bet365, Paddy Power).
The explosive rise of Big Four audit fees appears to be one of the many unintended consequences of Sarbanes-Oxley, one that has CEOs like Smith shaking their heads in bafflement, resignation and, in more than a few cases, outright anger.
We cannot outspend the Big Four on technology, and they can justify their expenditures over many more loans.
Wyman said that unlimited liability, combined with growing calls for the external audit of non-financial information and the introduction of the operating and financial review, meant that the Big Four were likely to become more defensive in the way they reported.
That has left the Big Four producers, which buy nearly 50 percent of the commodity, with a larger share of the market.
But they could pay a lot LESS if the Big Four didn't grab such a big chunk of check-out prices.
The Big Four managed to squeeze an extra nine hours and 44 minutes of commercial time into shows in the first 10 weeks of last season alone.
A recent study by Grant Thornton2 reports no negative reaction to the auditor change from the Big Four to Grant Thornton.
The market remained competitive as all of Britain's big four grocers saw sales fall in the period, while German discounters Aldi and Lidl hit a record combined market share of 8.
The Australian Prudential Regulation Authority (APRA) has announced that one of the big four banks, ANZ is most aggressively expanding its mortgage loan book and has invested a lot of money into its Australian mortgage lending business.
Business customer satisfaction with the Big Four Australian banks is at its highest level in four years.