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The Big Five Accounting Firms Posted September 3, 2009 @ 10:21 pm In Five,Numbers | No Comments
Prior to 1989, the major accounting firms were nicknamed “The Big Eight [6].” In 1989, after four of the firms merged (Ernst & Whinney merged with Arthur Young to form Ernst & Young and Deloitte, Haskins & Sells merged with Touche Ross to form Deloitte & Touche), they became known as “The Big Six [7].” In 1998, the Big Six became “The Big Five” when Coopers & Lybrand merged with Price Waterhouse to form PricewaterhouseCoopers. In 2002, after Arthur Andersen ceased operating in the wake of the accounting scandal [8] and subsequent bankruptcy of its client Enron, the Big Five became “The Big Four [9].” |
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URL to article: http://www.ealmanac.com/1186/numbers/the-big-five-accounting-firms/
URLs in this post:
[1] Arthur Andersen: http://en.wikipedia.org/wiki/Arthur_Andersen
[2] Deloitte & Touche: http://www.deloitte.com/
[3] Ernst & Young: http://www.ey.com/
[4] KPMG Peat Marwick: http://www.kpmg.com/
[5] PricewaterhouseCoopers: http://www.pwc.com/
[6] The Big Eight: http://www.ealmanac.com/1975/numbers/the-big-eight-accounting-firms/
[7] The Big Six: http://www.ealmanac.com/1184/numbers/the-big-six-accounting-firms/
[8] accounting scandal: http://en.wikipedia.org/wiki/Enron_scandal
[9] The Big Four: http://www.ealmanac.com/numbers/the-big-four-accounting-firms/
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