The PCAOB’s 2023 inspection of Ernst & Young LLP (EY) revealed that out of 59 audits inspected, 22 had Part I.A deficiencies. This was a slight improvement from 2022, where 25 out of 54 audits had deficiencies. In 2021, 12 out of 56 audits had Part I.A deficiencies.
EY audits the most number of S&P500 US companies followed by PwC. Deloitte and KPMG takes the third and fourth place respectively. GT audits 5 companies while BDO audits 1 company.
The Indian accounting landscape is primarily regulated by the Institute of Chartered Accountants of India (ICAI). The ICAI sets standards and guidelines for accounting and auditing practices. As of recent estimates, India has over 400,000 Chartered Accountants (CAs).
This blog explores the workforce and gender representation within the Big Four firms: PwC, Deloitte, KPMG, and EY. It highlights the number of employees, gender distribution, and the proportion of female partners across these leading firms.
Repository of salary details of Big4 employees.
The 2020 inspection reports sprung a lot of surprises. PwC led the big4 firms with only 1 deficiency out of the 52 audits inspected. Deloitte had 2 deficiencies out of the 53 audits reviewed. The detailed summary of Part I…
EY published its annual review report in September. Global revenues increased by 4% to $40 billion. Revenues for FY 20 was $37.2 billion. The region-wise breakdown of revenue is as follows: Region FY19 FY20 change in local currency FY21 change…
In India, regulations do not permit foreign auditing firms to operate. Hence KPMG carries out audits in India under the name of BSR & Co, an auditing firm that it bought. BSR & Co was an auditing firm founded by…
2020 was a phenomenal year for the markets with some big changes in the Global Top 100 companies by market capitalization. Tesla for instance saw its market capitalization increase by 565% from the levels seen in March 2020. In this…