Today's accounting methods are technologically advanced, but before to the company act of 1900, all

businesses need legislation to complete their yearly audit. Since the 19th century, taxes and law have
aided the firm's growth.

Before London, all forms came from Scotland, and when the industry began to crumble in the 1920s and
1930s, mergers and acquisitions began. When two firms merge and one company buys out the other

As a result, competition has intensified. The main four were founded in 1960 and have substantial global
networks.

The big four table displays the worldwide revenue of four companies, as well as the number of
employees and revenues generated in the United Kingdom and globally.

Firm Global revenue (2018) Worldwide staff (2018) UK revenue (% of global) UK staff (% of global)
Deloitte $43.2bn 286,200 $3,914m (11%) 17,000 (6%)

EY $34.8bn 260,000 $2,854m (10%) 12,000 (5%)

KPMG $29.0bn 207,050 $2,876m (12%) 13,500 (7%)

PwC $41.3.0bn 250,930 $4,319m (13%) 22,000 (9%)

The income of the Big Four is higher than that of comparable firms. Grant Thornton, a big four clever
competitor, has $772 million. They have three times as many partners as their peers.

Those firms were just freed since their turnover was lower in 1991.

In 2009, the threshold was raised to £6.5 ($9.75) from 15.4 million, and the Big Four alone were engaged
in 75 transactions. PwC, for example, purchased Booz & Co., while Deloitte and EY acquired MashUp and
Silicon Roundabout, respectively. KPMG has been especially active, accounting for 30 of the 75
transactions, including its Boxwood and High-Point Rendel purchases.

In severe competition, they are evolving and spawning new rivals