Quote of the Day
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.
My personal opinion is that there is always scope for more. only others have to work harder.
let’s hope, in post IFRS scenario, we will have at least top-10, instead of just big-4.
By saying this,aren’t we restricting the scope for growth of audit firms with big names.
Colonialism remains a part of world economic pattern, whether it is US- or China-dominated.
Yes, I do agree with Mr. John G. Jones considering the lack of efforts put in by other large accounting firms of the world including Indian firms thereby becoming the monopoly of the Big 4.