2020: The Year of a Thousand Cuts
When the largest public accounting firms in the U.S. had their employees move their battlestations from the office to home in mid-March because of the coronavirus pandemic, we had no idea what was going to happen next. But some accountants who worked at the Big 4 and the top midtier firms during the financial crisis […]
Number of the Day: $157 Billion
The year of our COVID Lord 2020 proved to be the biggest challenge the Big 4 firms have faced since the financial crisis, as the pandemic wreaked havoc on global revenue forecasts that looked so promising at the start of each firm’s fiscal year. Deloitte, PwC, EY, and KPMG had combined global revenue of approximately […]