News

Big Four accountants post strongest growth in years

The firms have been shifting toward consulting over auditing

Global revenue at the Big Four accounting firms rose more than 10% in 2018, their strongest annual growth in at least a decade, as they continued a long shift toward consulting over their core auditing businesses.

The four firms — PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG — had $148.2bn in combined global revenue in fiscal 2018, up 10.4% from $134.3bn the previous year in US dollar terms. KPMG, the last of the four to disclose its numbers, said this week it had 9.7% global revenue growth in fiscal 2018.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump