Accounting Industry Analysis

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Presentation transcript:

Accounting Industry Analysis Exceeding Your Expectations Everyday By: Mark Cook

The Top 4 Accounting Firm There are many top accounting firms in the United States. But in the accounting field they have what you call the “Big Four’’accounting firms they are: Deloitte Touche Tohmatsu, Ernst&Young, KPMG, and PricewaterhouseCoopers.

Where are the Top 4 Accounting firms locate? Deloitte   Pricewaterhousecoopers Ernst&Young KPMG 30 Rockefeller Plaza 300 Madison Avenue 5 Times Square 345 Park Avenue New York, NY 10112 New York, NY 10017 New York, NY 10036 New York, NY 10154 www.deloitte.com www.pwc.com www.ey.com www.kpmg.com

How long have these Accounting firms been in business? Deloitte been around for 100 plus years Pricewaterhousecooper (now PWC), formed in 1998 from a merger between Price Waterhouse and Coopers &Lybrand. Both accounting firms originated in London during the mid-1800s .So will say about 17 years after the company merger. Ernst&Young been around for 84 years. KPMG been around for 145 years. This is before they merger. But KPMG open its office in 1997 been around for 18 years.  

What is the revenue that accounting firm generate? Name Of Companies Revenue Annual Growth 09- 14 Employment Business   Deloitte $5bn 8.78% 23,846 4,886 PricewaterhouseCooper $9bn 10.0% 429,921 9,377 KPMG $100bn 4.6% 538,628 111,660 Ernst&Young 8.7%

Government Regulations Deloitte provides services in particular geographic areas and is subject to the laws and professional regulations of the particular country or countries in which it operates.  Deloitte firm are structured in accordance with national laws, regulations, customary practice, and other factors, and may secure the provision of professional services in its territory through subsidiaries, affiliates, and other related entities. Certain services may not be available to clients under the rules and regulations of public accounting.Deloitte member are legally separate and independent entities, which cannot obligate each other.  The firm are liable only for their own acts and omissions, and not for each other. 

What Services Are Provided by Accounting Firms? Accounting and Auditing Deloitte, PricewaterhouseCoopers, KPMG and Ernst & Young)down to small-business, accounting firms the main services offered include accounting and auditing. This means the company will produce financial records, track your revenues and expenses, and provide consulting on your business's overall financial health. The firm can help you with long-range planning, such as buying property or upgrading your infrastructure.

What Services Are Provided by Accounting Firms? Tax Filing and Planning A popular specialty area, many accounting firms offer a range of tax services. The firm's accountants can help you figure out a new tax code to help ensure your financial reporting practices are in compliance with current IRS regulations, determine your company's tax liability, and make sure you meet filing requirements and deadlines.

What Services Are Provided by Accounting Firms? Management Consulting Many accounting firms offer business advisory services. It makes sense, considering they know your business environment, your tax situation and your financial standing. They use this knowledge to help you with your business plan, evaluate your current operations, identify new opportunities, alert you to changes in the business or regulatory environment, and offer practical advice to help your business be more efficient and successful.

Work Cited (www.google.com, n.d.) (www.yahoo.com, n.d.) (www.deloitte.com, n.d.) (www.pwc.com, n.d.) (www.ey.com, n.d.) (www.kpmg.com, n.d.) (www.hoover.com, n.d.) (www.ibisworld.com, n.d.)