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Ranking of the Big Four Accounting Firms

What is the global revenue of the four major international accounting firms in fiscal year 22? The global revenue of the four companies is estimated to exceed 200 billion yuan. The largest of the four is still Deloitte. Thanks to the rapid development of its consulting business in recent years, Deloitte's consulting business is no less than that of consulting giants such as McKinsey. The second place is still the PwC icon. PwC’s strongest business is its audit business, and its audit revenue ranks first in the world. The third is the Ernst & Young icon, and the fourth is the KPMG icon. Ernst & Young announced on September 21 that total global revenue for the 2022 fiscal year ending in June 2022 was US$45.4 billion, an increase of 16.4% in local currency terms. This marks EY's highest growth in nearly two decades in fiscal 2022. This growth is attributed to EY’s NextWave strategy, which is designed to deliver long-term value to EY people, clients and society. As of June 30, 2022, PwC's global revenue increased by 11.4%, with revenue reaching US$50.3 billion. Audit business revenue is approximately US$18.01 billion, consulting business revenue is approximately US$20.71 billion, and tax and legal business revenue is approximately US$11.58 billion. All business lines experienced growth, with consulting business leading the way with an increase of 21.6%! Deloitte officially announced today that in the fiscal year ending May 31, 2022, the total revenue of Deloitte's global member institutions totaled US$59.3 billion, an increase of 19.6% over the previous fiscal year. Deloitte's revenue for fiscal year 2022 increased by US$24 billion compared with seven years ago, an increase of 69%

KPMG is the only four companies that have not announced global revenue for fiscal year 22. KPMG last year was US$32.1 billion.

Ranking of the Big Four accounting firms?

Ranking of the Big Four Accounting Firms

1. Deloitte & Touche LLP

2. PricewaterhouseCoopers

3. Ernst & Young< /p>

4. KPMG

1. Deloitte Accounting LLP

Deloitte Accounting LLP is a multinational professional services company registered in the UK, headquartered in New York, USA. It is one of the Big Four accounting firms and the largest professional services network in the world. Its revenue and number of professionals rank first in the world. Deloitte & Touche LLP provides audit, tax, consulting, enterprise risk and financial advisory services with more than 263,900 professionals worldwide. In fiscal year 2017, the company's operating income reached a record $388.8 billion, and as of 2016, Deloitte is the sixth largest privately held company in the United States. According to a 2012 report, Deloitte had the largest number of clients among the FTSE 250 companies in the UK, while in 2015 it had the highest audit market share among the top 500 companies in India, among Gartner & Co.'s consulting practice , Deloitte ranks No. 1. This is the fourth consecutive year that Deloitte ranks No. 1 in the global consulting and management consulting business.

2. PricewaterhouseCoopers

PwC is a multinational professional services network headquartered in London, England. The company was founded in 1998 and is the second largest in the world. Professional services firm and one of the Big Four accounting firms. Insurance Company Accounting Firms has ranked PwC as the world's most prestigious accounting firm for seven consecutive years and the top accounting firm operating in North America for three consecutive years. PwC is a network of firms in 157 countries, with 743 nationalities and 223,468 people. As of 2015, of the total workforce, 22% worked in Asia and 26% in North America and the Caribbean. 32% are in Western Europe. The company's global revenue in 2016 was $35.9 billion, with $15.2 billion coming from its insurance business, $9.1 billion from its tax business and $11.5 billion from its consulting business. PwC serves 422 of the 500 Fortune 500 companies.

3. Ernst & Young

The company was founded in 1849 in Harding and Plein, England. The current company was formed in 1989 through the merger of Ernst & Young and Arthur Young. It was not until 2013 that it was renamed Ernst & Young. Before the Ernst & Young name was officially adopted, the acronym "EY" had been the company's unofficial name. In 2017, Fortune ranked it 29th among the 100 Best Companies, and in 2016, EY was the 11th largest privately held company in the United States. It is a multinational professional services company headquartered in London, England. It is one of the largest professional services companies in the world and one of the Big Four accounting firms. It is an independent legal entity in each country. Ernst & Young has 231,000 employees in more than 700 offices in 150 countries around the world. It provides guarantee, tax and consulting services to companies.

4. KPMG

KPMG is a professional services company founded in 1897. It is a professional services organization with a global business scope and is one of the Big Four accounting firms. , Deloitte, Ernst & Young and PricewaterhouseCoopers are the other three accounting firms among the "Big Four". In Anstelveen, the Netherlands, KPMG employs 189,000 people and provides services in three areas: financial audit, tax and consulting. Its tax and consulting services are further divided into various service groups.