Number of the Day: £518,000
That is the average profit per partner before tax at BDO U.K. in the 2020 financial year that ended June 30, down 14% from the £602,000 in profits each partner took home the previous year, according to the Financial Times and The Telegraph. Overall, the Queen’s BDO had revenue of £660 million for 2020, up […]
Number of the Day: $9.14 Billion
That is the combined FY 2020 revenues for the Big 4 firms in Australia, an increase of 6.2% over FY 2019. According to reports from the Australian Financial Review, here’s how each firm fared this past fiscal year: 1. PwC ($2.6 billion) PwC’s revenues didn’t budge much at all in FY 2020, as its results […]
Those Who Know, Know BDO CEO Wayne Berson Is Back for Another Term
You’d be smiling too if you were Wayne Berson. Wow, what a day at Bravo Delta Oscar! Not only did BDO USA announce that supreme leader and ex-cricket player Wayne Berson was re-elected by partners to a third term as CEO, but the firm achieved another record-setting year of revenue, topping out at $1.64 billion […]
EY Congratulates EY for Achieving Record Global Revenue of $36.4 Billion In FY 2019
Big 4 revenue bragging season has begun in earnest, or should I say in Ernst, as EY put out a congratulatory press release this morning stating that its global revenue for fiscal year 2019 reached $36.4 billion, the ninth-straight year the firm has posted record numbers. In actuality, that represents a 4.7% increase over FY […]
KPMG Reports Global Revenue of $29 Billion for FY 2018
Back in early October, the Going Concern prognostication team (me, Adrienne, and three people eating lunch at Panda Express) predicted that KPMG’s global revenue for fiscal year 2018 would be $28.1 billion. With word today that KPMG reported global revenue of $28.96 billion for the fiscal year that ended on Sept. 30, 2018, we were […]
BDO’s Global Revenue Hit $9 Billion Mark in 2018
We could have been dicks and not rounded $8.99 billion up to $9 billion, but we decided to be nice. From BDO worldwide headquarters in Brussels on Dec. 11: BDO, one of the world’s leading global networks of independent public accounting firms, has announced that worldwide revenue for all BDO Member Firms (including the exclusive members […]
RSM US Revenue Topped $2 Billion in FY 2018
For those of you who keep close tabs on this stuff for some reason: The fifth-largest accounting firm in the United States in 2017 remains the fifth-largest accounting firm in the U.S. in 2018, as RSM US posted revenue of $2.14 billion for the fiscal year that ended April 30. RSM US’s 2018 revenue is […]
Deloitte Surpassed $43 Billion in Global Revenue in Fiscal Year 2018
The numbers are in, the press release is out, and the words “exceptional,” “unrelenting,” and “quality and distinction” were used by Deloitte’s No. 1 cheerleader, Global CEO Punit Renjen, to describe the firm’s 2018 fiscal year. I have no doubt that Green Dots around the world yesterday celebrated (i.e., sat half asleep at their desks) […]
EY Global Revenue Up 11% in Fiscal Year 2018
Here we go, folks. It’s that time of year when we start seeing the Big 4 firms releasing their global revenue numbers for the most recent fiscal year. And EY is first out of the gate. According to the numbers Mark Weinberger and company want the public to know about, fiscal year 2018 was a […]
Renowned U.K. Legal Eagles PwC Made Almost $92 Million in Law Revenues in the Past Year
You better watch your back, DLA Piper. PwC is coming for ya. From Law.com: PwC’s legal operations brought in around £70 million ($91.82 million) in U.K. revenues during the 2017-18 financial year—a figure that would have put it only just outside the U.K. top 50 based on last year’s rankings. The Big Four accounting firm, which received an alternative business […]
A 4.2% Increase in Revenue Must Give BDO USA All the Happy Feels
Nearly two months after announcing that 37 new partners would be joining the firm, BDO USA put the word out that its revenue for the fiscal year ended June 30, 2018, grew by 4.2% over the previous year. BDO USA’s self-reported revenue of $1.47 billion, which was announced on July 31, exceeds last year’s revenue […]
Audit is a Cornerstone of Their Work, Says Big 4 Firm Kicking Ass in Consulting
Just saw this beauty pop up on the ole Twitter timeline: Audit plays critical role in building trust in public + capital markets – is a cornerstone of Deloitte’s work http://t.co/ZGzzwc1BKn — Deloitte (@Deloitte) September 26, 2014 Funny you say that, guys, because when we looked at your big, pretty revenue announcement earlier this […]
EY Reports FY14 Revenues, Makes It Rain on New Audit Toys
Fresh off Deloitte's announcement, EY reported FY14 revenues and — shock! — everything is looking good. Not quite Deloitte-level good but they've still got a few more years before 2020, which is the year they plan to take over professional services. EY reports combined global revenues of $27.7 billion for the fiscal year ended June […]
Which Big 4 Firm Makes More From Consulting Than Audit and Tax Combined?
Did you wake up this morning and think "gee, I really would love to know how much Big 4 firms make from consulting as share of overall revenue!" Boy, are you in luck. A recent report called Cheques and the City by the non-partisan but totally hater-y High Pay Centre looks at the top accounting […]
BDO Boasts Massive Revenue Growth in Fiscal 2014
Of course, there is an accompanying press release to go with the good news: BDO USA, LLP, one of the nation's leading professional service organizations, today announced revenue for the fiscal year ended June 30, 2014 was $833 million, a 22 percent increase from last year’s revenue of $683 million. The firm's growth was achieved […]
Grant Thornton Feeling Good About Grant Thornton’s Effort
The Purple Rose of Chicago turned in a scorecard of $1.274 billion in revenue, up 5 percent, for fiscal 2013. And Stephen Chipman, for one, thinks that's a solid effort: "Attaining record revenues in a still tepid economic environment is a testament to our long-term strategy of focusing on dynamic, mid-sized clients that are poised for […]
Deloitte Is the Biggest Accounting Firm in the World Again (No Thanks to Its Audit Business)
If you recall, Chez Salzberg put up a good number, $32.4 billion in global revenues to be precise. PwC, as we mentioned this morning, came in at $32.1 billion so yes, that puts Deloitte on top of the Big 4 heap again after it's one-year wonder back in FY10. In such a tight race, every […]
Hey Look, BDO Had Another Decent Year
If Bravo Delta Oscar's announcement of its 2013 fiscal year revenues are any indication, we're going to see big revenue numbers from accounting firms this year: BDO USA, LLP, one of the nation's leading professional service organizations, today announced revenue for the fiscal year ended June 30, 2013 was $683 million, a 10.5 percent increase […]
KPMG’s Audit Business Is Back on Life Support
Last night we finally learned KPMG's revenue results for FY 2012 and they were…UGH. Leave it to my former employer to set me up and allow me to make a prediction that was DOOMED to be wrong. For whatever reason, I thought the House of Klynveld could pull off 8% global revenue growth, what with booming […]
KPMG Will Probably Jump Ernst & Young in Revenues This Year
This week, Ernst & Young and PwC both released revenue numbers for their most recent fiscal years. Along with Deloitte, who announced their numbers in mid-September, all three firms saw double-digit increases in their advisory/consulting (YEAH, I SAID "CONSULTING") businesses with more modest growth in tax and assurance. KPMG's fiscal year just ended on Sunday, so if […]
The Big 4 Accounting Firms Had a Decent 2011
Big4.com released its 2011 performance analysis for the…er…Big 4 this week and there were a few items of note. PwC is the big enchilada again. KPMG surprised everyone with the largest growth in revenues (albeit barely), closing in on 3rd place E&Y. OH! And the $103 billion in revenue is the most ever earned by […]
Please Watch Your Language Around Grover Norquist
For starters, “taxes” is an awful word, it pains him to have to utter it so often. Secondly, Rahm Emanuel could really use his mouth washed out with soap.
I’m sorry, have you met my libertarian friend Adrienne Gonzalez? She’d probably agree with you on several issues but you’d have to get comfortable with the colorful language.