Big 5 Winners & Losers | AccountingWEB

Big 5 Winners & Losers

The final numbers have been released for 1999 revenues and losses among Big 5 accounting firms.

Based on research compiled by the Public Accounting Report (PAR), the firm awarded the majority of audits was Deloitte & Touche, who placed first for the second time in three years as the number one auditor of public companies. Revenues exceeded $33 billion.

The PAR reports that Deloitte & Touche, along with Ernst & Young, are giving powerhouse PricewaterhouseCoopers a run for the top accounting firm--although PWC still remains the largest, despite having suffered the largest loss last year at more than $25 billion in revnue and $43 billion in assets audited.

PWC, KPMG and Arthur Andersen also suffered significant losses in total clients as well as revenue and assets audited.

A related story shocked the accounting world this week regarding how the loss at PWC may cause a split into three firms.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.