• About
  • Subscribe
  • Contact
Sunday, February 28, 2021
    Login
FutureCFO
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Videos
  • Resources
  • Virtual Events
  • Events
  • Knowledge Hub
    • Integrated Planning
No Result
View All Result
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Videos
  • Resources
  • Virtual Events
  • Events
  • Knowledge Hub
    • Integrated Planning
No Result
View All Result
FutureCFO
No Result
View All Result
Home Business Insights

The world’s largest auditing firm so far

FutureCFO Editors by FutureCFO Editors
September 24, 2020
accounting

Image by mohamed_hassan on Pixabay

Deloitte has emerged as the world's largest auditing firm in FY2020, though KPMG hasn’t announced revenues, which is usually the least among the Big 4.

Three of the four audit heavyweights — Deloitte, PwC, and EY have reported their revenues in FY 2020. Deloitte and PwC’s revenues are usually the largest among the four and the two have continued this tradition so far in the said financial year. 

Deloitte reported aggregate global revenue of US$47.6 billion for the fiscal year ending 31 May 2020 (FY2020), a 5.5% increase in local currency and 3.9% increase in US dollars. 

The second largest in revenues, PwC announced global revenues of US$43 billion — up 3% in local currency and 1.4% in US dollars — for the 12 months ending 30 June 2020.

EY reported global revenues of US$37.2 billion for the financial year ended June 2020, an increase of 4.1% in local currency. The firm said it has recorded 7.7% compound annual growth over the past seven years.

In its full-year revenue report, Deloitte also announces its world climate strategy that sets out the firm’s approach to achieve net-zero emissions by 2030.

Deloitte’s revenue growth by service lines
Audit & Assurance: 2.6%.
Consulting: 7.1%
Financial Advisory: 3.0%
Risk Advisory: 5.6%
Tax & Legal: 6.5%

PwC’s growth by service lines
Assurance: 3%
Advisory: 4%
Tax & Legal: 2%

EY's growth by service lines
Assurance: 3.1% 
Advisory:  4.9%
Tax: 5.1% 
Transaction Advisory Services: 2.8%

Deloitte’s revenue breakdown by service lines

Source: Deloitte

PwC’s revenue breakdown by service lines

Source: PwC

EY’s revenue breakdown by service line

Source: EY
Related:  Protecting your people, operations and values through a global crisis
Tags: auditingBig4DeloitteEYPwC
FutureCFO Editors

FutureCFO Editors

No Result
View All Result

Recent Posts

  • Firms in Singapore expect the uptick in flexible work to continue
  • China, HK, Thailand and UAE to test digital currency transactions
  • EY: Pandemic, regulatory uncertainty spur greater tax risk in 2021 and beyond
  • Singaporean firms confident about longer-term recovery 
  • Moody's: India’s recovery lowers risk of a plunge in banks’ asset quality

Live Poll - June 2020

Pick the one finance initiative your organization is embarking to manage financial stress during uncertainty:
Vote

Categories

  • Artificial Intelligence
  • Audit and Compliance
  • Automation
  • Big Data
  • Blockchain
  • Business Applications
  • Business Insights
  • Case Studies
  • Cloud, Platforms and Ecosystems
  • Competencies and Capabilities
  • Digital Transformation
  • eBooks and eBriefs
  • Finance Accounting and Reporting
  • Future Technology
  • General
  • Infographics
  • Leadership and Roles
  • Mergers and Acquisitions
  • Operational Accounting and Control
  • Operations
  • Resources
  • Risk and Regulation
  • Strategies and Tactics
  • Tax Management and Optimization
  • Technology
  • Treasury and Cash Management
  • Videos/Tutorials
  • Webcasts/Podcasts
  • White Papers

Strategic Insights for Finance Executives

FutureCFO.net is about empowering the CFO and the Finance Team to take on the leadership position in the digitalization of the enterprise. It's more than just a portal for the exchange of industry best practices, it is about creating and growing a community of finance professionals able to share learned experiences, providing a platform for the current and next generation of finance leaders and professionals.

Quick Links

  • Videos
  • Resources
  • Subscribe
  • Contact

Cxociety Media Brands

  • FutureIoT
  • FutureCFO
  • FutureCIO
  • Privacy Policy
  • Terms of Use
  • Cookie Policy

Copyright © 2019 Cxociety Pte Ltd | Designed by Pixl

No Result
View All Result
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Videos
  • Resources
  • Virtual Events
  • Events
  • Knowledge Hub
    • Integrated Planning
Login

Copyright © 2019 Cxociety Pte Ltd | Designed by Pixl

Login to your account below

or

Not a member yet? Register here

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Welcome! To access Premium content and more, please login below.

Not a Premium member yet? Register now for a free account!

Forgot Your Password? We'll send you a reminder.