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The Big 4 Accounting firms: Sneak peek

If you’re looking for the greatest audit and accounting firms, you’ve come to the right place. Here’s all you need to know about the Big Four in 2022.

The phrase “Big 4 Companies” refers to the four major accounting and auditing companies based in the United States and operating abroad. These are the largest accounting and consulting businesses not just in the United States, but also in India.

These organizations are known as the Big 4 of the auditing and consulting industry for a reason. What is it? Let’s see!

These firms are well-known for their expertise in taxes, assurance, consulting, risk advisory, actuarial, audit, transaction advice, corporate finance, and legal services, among other fields.

Their clientele, variety of services, market capitalization, market share, and earnings, among other factors, make them the largest accounting companies.

So, without further ado, let’s take a look at all of India’s major four worldwide corporations, as well as their market share in the Indian realm.

What does the Big 4 look like in 2022?

In 2022, the big four accounting and audit firms will be rated according to their market share, net revenue, and other factors.

1. Deloitte 

Deloitte now has 11 locations in India and operates in more than 150 countries across the world. Deloitte Touche Tohmatsu Limited is the largest auditing firm in India, ranking first among the Big Four businesses. Mr. Punit Renjen has been the CEO of the India Division since June 1, 2015.

Among the services they provide are:

  • Assurance & Audit
  • Legal Assistance
  • Advisory and Consulting Services for Risk
  • Taxation and financial advice

According to the latest data, Deloitte is the industry leader in India, with a 30% market share and total revenue of 47.60 billion dollars in 2020.

Deloitte also takes the top spot in terms of global employment, with approximately 338,400 people. In India alone, there are about 15,000 people spread throughout numerous offices in various locations.

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2. PwC India 

PwC stands for Pricewaterhouse Coopers and is headquartered in London, England. It ranks second among India’s Big Four firms. They have 27 sites across India and operate in 157 countries.

PwC India provides a wide range of services, including:

  • Accounting Advisory
  • Consulting
  • Deals and advisory services
  • Alliances and Ecosystem
  • Risk Assurance
  • Entrepreneurship and Startups

PwC owns 27 percent of the market share with 284,258 global workers and 11,500 people in India. In the year 2020, the total income earned will be 43.03 billion dollars.

The numbers are huge and therefore, getting into this firm can give a boost to your career. 

3. Ernst & Young

Ernst & Young India, sometimes known as EY India, is the country’s third-largest auditing firm. It has 27 operations in India and employs more than 50,000 people worldwide.

When compared to India’s other major four firms, this one has the most employees. This is because EY has worldwide offices in India.

In India, Ernst & Young provides the following services:

  • EY Private
  • Consulting
  • Assurance services 
  • Tax advisory
  • Strategy and Transactions

According to Statista’s newest research for 2020, the company now has a market share of 24 percent and sales of 37.20 billion dollars.

What do you need to know to get into the firm?

Here’s a series for your skill development

4. KPMG

KPMG or Klynveld Peat Marwick Goerdeler is India’s fourth-largest Big 4 firm, with a market share of 29.22 percent and sales of 29.22 billion dollars in 2020.

They have important Government enterprises in their portfolio, including Power Companies, Civil Engineering Companies, and Media Companies, and they have 22 locations across India.

The company’s headquarters are in Amstelveen, Netherlands, and it employs a total of 226,882 people worldwide, including 12,000 in India.

The following is a list of the services provided by KMPG:

  • Tax Services Advisory Services
  • Infrastructure and healthcare provided by the government
  • Digital Consultancy for Global Mobility Services

Final Thoughts on the Big Four

All of the revenue, market share, and employment numbers for the Big Four come from the most recent report accessible on the respective firms’ websites and Statista.

These major four firms hire a lot of people, so if you’re searching for a job, go to their websites’ employment pages and look for the position that’s right for you.

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