Big 4

“Companies are under pressure from investors to get the best auditor they can,” said Paul Gillis, an accounting professor at Peking University in Beijing. More than 200 Chinese companies are listed on U.S. exchanges, and hundreds more trade on over-the-counter bulletin boards. In the last five months, at least 15 have upgraded to a Big Four auditor — Deloitte, Ernst & Young, PricewaterhouseCoopers or KPMG — from a smaller firm, according to an analysis from Audit.. Full Article

Many many congratulations to all of those who have cleared CA IPCC this time .This is a time of great celebration and hope everyone celebrating his grand success in this exam. Beyond this there is one more thing which you may missed out while being b Full Article

Accounting regulator ICAI has asked the Big Four auditing and consulting firms – KPMG, E&Y, Deloitte and PwC – to share any information sought by various committees of the institute and has asked them not to engage in “shopping for small firms”. Full Article

As a casual fan of Going Concern, and a senior auditor of a small to mid size local firm, I feel the site is quite comical and a vast insight into the world of “bigger and better” feelings. I read the site for humor, comparison, and overall knowledge on the country’s accounting bureaucracy. I would like to dive into some of the obvious differences between the big boys and us local mid-market droids. Full Article

That being the case, some of the people that you knew while they were in public accounting have completely disappeared never to heard from again. Those of you still at the mercy of the billable hour might assume that these refugees are loving life in their new jobs – working 40 hours a week, making far more money and seeing more than an hour or two of sunlight on a regular basis. Full Article

Memo to the World: You’ll Just Have to Live with the Big 4 Whether You Like It or Not. “There are plenty of industries where there are four big players. The world just has to get on with it.” ~ John Griffiths Jones, chairman of KPMG in the UK and co-chairman in Europe on the concern that four accounting major accounting firms are not enough. Full Article