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By twentyfive


  in the Philippines or what we call ³
 ´ are
listed in this hub. The top CPA firms and major accounting firms have always so popular in the
massive business world not only here but globally, too. The four of them are actually well known

 are the largest international accountancy and professional services firms providing the
highest caliber in auditing, taxation, management advisory, business and financial accounting
services to big and giant corporations internationally.

If you¶re taking up accounting courses or dreaming to be a certified public accountant and work
in a big known accounting firm someday and become one of those accounting experts or audit
professionals who receive five digits of salaries or more monthly, then you must know by heart
not only the whole accounting cycle and auditing system but the big five accounting firms. Know
where are the best accounting jobs are and know their affiliates.


 (SyCip Gorres Velayo & Co. - affiliate of ! 


     (formerly C.L. Manabat & Co.) - affiliate of # c 
c   (DTT)

$%  . (formerly Joaquin Cunanan & Co.) - affiliate of  &    

   (formerly Laya Mananghaya & Co.) - affiliate of '"

#()    (Philippine Member Firm of #($  )

best accounting firms

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The big 4 accounting and auditing firms are the world¶s most credible accounting companies
providing audit, tax, bookkeeping and all accounting services for private and public corporations
globally. They have networks and affiliates in numerous countries like China, Jordan, Egypt,
Indonesia, Israel, Japan, Singapore, Malaysia, Korea, Brazil, Saudi Arabia, India, Turkey,
Pakistan, Philippines, Sri Lanka, Mastason, Mexico, Argentina and Bangladesh.

Once upon a time, the big four giant accountancy firms group was known as ³big eight´ then
because of series of mergers, the group became ³big five´. Just like any other entity that is
growing, expanding and evolving, the ³big five´ later became ³big four´ in 2002 when the
ENRON scandal shook the accounting world.

So what are you waiting for cpa? Go, get up, polish your shoes, dress up your best and smile that
nerdy face. Pass that impressive CV to the big five international accounting firms. Begin to raise
your fair market value and explore more accounting experience, the matching principle always
works just fine. Never under estimate a trial balance and fifo«A massive profit will be promised
at your will. Good luck. Below are the big five accounting firm and I¶ve listed the info how to
reach them online or personally.
The Accounting Game: Basic Accounting Fresh from the Lemonade Stand
 .  / $10.55
List Price: $19.95

Accounting for Non-Accountants, 2E: The Fast and Easy Way to Learn the Basics
 .  / $10.34
List Price: $16.99

 - 0  0  . is a member practice of ! 

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. SGV & Co.
is the largest and most famous professional accounting firm in the Philippines. If you wanna
apply for a job in SGV, the website and address are below:

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istory of Auditing

Audits are performed to manage and confirm the correctness of a company's accounting
procedures. Auditing evolved as a business necessity once it became evident that a standardized
form of accountancy must exist to avoid fraud. It has developed into a standardized yet complex
field that is regarded as an important procedure in the management of business finance.

‘Ê Auditing is a branch of financial management concerned with assessing the
internal financial status of a business. Audits are evaluations of the financial
capability of a company. Companies prepare financial statements of their
activities, which represent their overall performance. These financial statements
are evaluated by auditors, who assess them according to the industry's generally
accepted standards. They are examined for accuracy and fairness in their
reporting. Companies are expected to pass their audits, as the results are very
important to the company's reputation and success. Audits are very valuable to
external company affiliates, such as shareholders and investors, because they
provide an extra reassurance of their choice in investments when issues arise.

  0

‘Ê Auditing

Auditing existed primarily as a method to maintain governmental accountancy,

and record-keeping was its mainstay. It wasn't until the advent of the Industrial
Revolution, from 1750 to 1850, that auditing began its evolution into a field of
fraud detection and financial accountability. Businesses expanded during this
period, resulting in increased job positions between owners to customers.
Management was hired to operate businesses in the owners' absences, and owners
found an increasing need to monitor their financial activities, both for accuracy
and for fraud prevention. In the early 20th century, the reporting practice of
auditors, which involved submitting reports of their duties and findings, was
standardized as the "Independent Auditor's Report." The increase in demand for
auditors lead to the development of the testing process. Auditors developed a way
to strategically select key cases as representative of the company's overall
performance. This was an affordable alternative to examining every case in detail,
and it required less time than the standard audit.

‘Ê Auditing standards differed between America and Britain. American audits
continued to evolve away from being solely a method of detecting errors and
fraud, while Britain kept this as its main function. Now, both in America and
Great Britain, audits are a standard way of providing a monitoring of a business's
financial integrity. Fair reporting practices are used to analyze their financial
statements. Audits provide feedback on a company's financial information and
reporting, as well as an analysis of any fraudulent activity, potential and actual.

‘Ê Testing is now the industry standard for performing audits. It is only when gross
errors and fraudulent activities are discovered that detailed audits are performed.
Audits have also commanded the need to establish preventive measures of
monitoring the financial activities within a business to lessen the need for frequent
audits and to provide simplified follow-ups, should the need for an audit arise. As
business increased in complexity, risk-based auditing arose to make auditing more
efficient and economical than before. Risk-based auditing actually assesses the
need for an audit, based on the information in the financial statements. If many
discrepancies are discovered, then it is decided to perform an audit of its financial

‘Ê Auditing is now the method of assessing a business's financial statement, with
insight on its success as a company. It is a very tedious and involved profession
that is in high demand. Due to its competitive fee, audits are now performed in a
more streamlined and efficient way. They are intended to offer companies
correction in their activities and to advise them on how to avoid the financial
misreports in the future.

Read more: istory of Auditing | e


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2V V
February 13, 2002

Following the stock market crash of 1929 accountants were entrusted with a new profession and
a new mandate to pore over the books of public companies to ensure that the financial records
accurately reflected their health.

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news and behind the scenes commentary you won't find anywhere else.

Certified public accountants quickly gained status as a profession and were respected for their
financial acumen and moral leadership as a hedge against unscrupulous companies who might
try to hoodwink an unsuspecting public.


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In those days, accountants were beholden to no one. Public corporations were required by law to
pay their audit fees, and they diligently set out to perform their task as a service to investors.
The arrival of the computer on the corporate scene in the late 1950s changed everything. Since
accounting was the first application used in the business world, a firm's CPA was the natural
shoulder to turn to in understanding this new contraption. IT consulting - which has since
boomed into a multi-million dollar industry for accounting firms - was born.

From the start, critics felt uneasy about CPAs' now dual role for their clients. Baruch College
Professor Emeritus Abe Briloff touched on the issue in his 1965 doctoral thesis, and over the
years the American Institute of CPAs and regulators have critically examined this relationship,
but ended up doing nothing. This was at least partly due to the inability of anyone to definitively
prove that providing consulting work for audit clients eroded an accounting firm's independence.

To this day, Big Five firms remain firm in their public statements, at least, that their top
executives, and the auditors examining client books, are above reproach, and would never
compromise an audit just because they also reaped consulting revenue from the same client.

Such an attitude is either bluster or naiveté. It fails to take into account that auditors are human
beings, and as susceptible to corruption as any other human.

"The problem is that they underestimate the forces of pressure that come up on them when they
both audit and consult," says Accounting Professor Ed Ketz. "The pressure that if you don't let
me do the accounting the way I want to, I'm going to take away your consulting contracts."

While these threats are most probably implied, "Everyone understands they're there," Ketz said.

The Big Five may never admit as much, but Congress and the public see right through them, and
will make sure better safeguards are soon in place to protect them from themselves. And maybe
once that's accomplished the accounting profession can return to its original mandate - ensuring
the veracity of a company's financial statements.

-Tracey Miller

  %   3   

áÊ 2010 ± 48% (3,973 out of 8,216 examinees)

áÊ 2009 ± 41% (2,888 out of 6,929 examinees)
áÊ 2008 ± 36% (2,442 out of 6,663 examinees)
áÊ 2007 ± 37% (2,299 out of 6,213 examinees)

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