Internationally most renowned accounting firms: The Big Five accounting firms (PwC, KPMG, Deloitte, EY, and Accenture)

Author: Zhou Nianyang
Publisher:
Publish Date: 2003-03-01
Features: This is the best introductory book to understand international accounting firms. Whether for accounting professionals engaged in accounting businesses or for finance students preparing to enter the workforce after graduation, it is an excellent read. In modern society, the role of Certified Public Accountants (CPAs) in enterprises, governments, and the entire economy has become increasingly important. They are often referred to as the "police supervising economic operations," and accounting firms are hailed as the "cradle of CEOs." However, in 2002, when the Enron accounting scandal led to the collapse of Arthur Andersen, one of the "Big Five" accounting firms, and as financial scandals on Wall Street continued to surface, people wondered how much stronger the renowned accounting firms in the United States were compared to those in China, and whether it was still necessary to study them. This book takes the Enron bankruptcy and Arthur Andersen scandal as a turning point to introduce the five most renowned international accounting firms, analyzing their historical development, business operations, corporate culture, and existing problems. This book is a shortcut to entering the international accounting profession and launching your career; it will help you master the essence of practicing in international accounting firms; and as a professional manager, it serves as a guide to understanding the accounting industry. Taking the Enron bankruptcy and Arthur Andersen scandal in 2002 as a turning point, this book introduces the five most renowned international accounting firms—PwC, KPMG, Deloitte, EY, and Arthur Andersen—to those in China who are engaged in or interested in the accounting profession, as well as to those who interact with accounting firms. It provides detailed introductions to their historical development, business operations, and corporate culture, along with insightful analyses of their existing problems, helping readers understand the operations of the foreign accounting industry. For Chinese accounting firms currently operating in the accounting business, this book also offers valuable lessons.