October 23, 2020

McGladrey, Grant Thornton, BDO Will Break into Big 4 By 2019, Says Guy on Twitter

People say a lot of crazy things on Twitter. I know I have. But this guy just said the craziest:

People say a lot of crazy things on Twitter. I know I have. But this guy just said the craziest:


OK so let's ignore the fact that it's called the Big 4 for a reason (as in, you don't have to be an accountant to understand that the "4" represents four firms). Meaning even if this dude were onto something (which he clearly isn't), it would mean 3 firms would have to be vaporized off the face of the planet by some devastating Act of GAAP for this to happen. Yeah, over Ken Lay's dead body.

Even Grant Thornton was like "say what now, bro?"


Perhaps GT didn't get the memo that auditor rotation is off the PCAOB's extended to do list.

Despite the PCAOB's disinterest in forcing auditor rotation for the foreseeable future, Mr Wang (*giggle*) thinks auditor rotation will play a big role:

Yeah OK, bro, whatever you say.

 

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