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  • Essay / The Big Four Auditors - 764

    KPMG is one of the largest companies in the world. He is also one of the “four great listeners”. The Big Four Auditors are the four largest international companies offering auditing, tax, consulting and everything related to legal services. KPMG was founded in 1987 and is headquartered in Amstelveen, the Netherlands. They focus on three service lines: Audit, Tax and Consulting. Collectively, they employ more than 155,000 people around the world. They are located in approximately 155 countries around the world. As previously stated, KPMG is one of the largest companies in the world, or one of the “four brothers”. The four brothers include KPMG, Ernst and Young, Deloitte and Price Waterhouse Cooper. KPMG is actually the smallest of the four. Originally there were eight brothers, then their number decreased due to mergers of some companies. Additionally, one of the eight companies was involved in a scandal that led to their dissolution. Today, there are only four of them left and they are leading the competition. To understand what KPMG does, you need to understand the term “accounting services”. Accounting services are mainly divided into three sectors: Audit, Taxation and Consulting. KPMG essentially works with all of these departments. An audit is primarily a check of financial records. This involves showing proof or documentation of business activities. The “auditor” then verifies these documents and recorded events to make judgments and provide opinions on how to improve the effectiveness of control and risk management. All public companies, by law, must undergo audits. It is crucial to check whether the capital invested in businesses is doing so legally. In their audit service, they offer professional and excellent quality reports. Their specialists are bottom......middle of paper......from companies of different sizes. In the United States, KPMG focuses on large companies rather than small and medium-sized businesses. Because there is a market for big companies, they always need one of the four big brothers. Now, there are many service companies available that serve small businesses. KPMG focuses on large companies unlike its Dubai branch. Mainly because in the Middle East the market is not as big as the US. In conclusion, there are major differences in practices due to different markets and different cultures. Although they are the smallest of the four, they are the largest in the Middle East. Dubai and the rest of the Gulf are booming and the markets are getting bigger every day. Personally, I think that in the future they will attract large companies and will already have many customers from SMEs, which will keep them at the forefront..