Four leading accounting firms (four short) refer to four leading accounting firms in the world: pwc, dtt, kpmg and ey。
Pricewaterhousecoopers
The member agencies of pricewaterhousecoopers, hong kong, macao, taiwan and singapore operate in a collaborative manner in accordance with applicable local laws. Overall, there are more than 22,000 employees, including over 860 partners。
Pricewaterhousecoopers, abbreviated by pricewaterhousecoopers, is one of the top accounting firms in the world. Pricewaterhousecoopers ranks third in the global private sector on the forbes global ranking, and pricewaterhousecoopers is one of the four leading international accounting firms, with the other three being kpmg, deloitte and ernst。
Deloitte
Deloitte touche tohmatsu limited is one of the four world congress firms, and deloitte touche tohmatsu has about 59,000 employees in 126 countries. There are more than 20 offices in china, located in beijing, hong kong and shanghai。
The deloitte brand entered china for the first time with the opening of the shanghai office in 1917. The current network of firms in deloitte and touche china, supported by deloitte and deloitte global network, provides comprehensive audit, tax, business management and financial advisory services to local, transnational and high-growth business clients in china. In china, we have extensive experience and have been contributing to the development of chinese accounting standards, tax systems and local professional accountants。
Beemarwick
In china, there are 23 offices in twenty-one cities, with approximately 12,000 partners and employees, in beijing, changsha, chengdu, chongqing, fushan, fuzhou, guangzhou, haiguchi, hangzhou, nanjing, qingdao, shanghai, shenyang, shenzhen, tianjin, wuhan, xiang, chengzhou, hong kong special administrative region and macao special administrative region. In close cooperation with these offices, kpmg is able to mobilize resources efficiently and expeditiously and provide quality services to its clients。
Kpmg is a global network of professional service members. Membership is based in 153 countries and territories worldwide, with 207,000 professionals, providing specialized services such as auditing, taxation and consulting. The members of the kpmg network are linked to the swiss entity, the international cooperation organization of kpmg (“pmi”). Its members are legally independent and separate legal persons。
In 1992, kpmg became the first authorized joint-venture international accounting firm in the mainland of china. On 1 august 2012, kpmg became the first of the four major accounting firms to move from a cooperative system to a special general partnership. The establishment of hong kong, kpmg, was even earlier in 1945. The leadership of kpmg is also reflected in its long-standing engagement of prominent chinese firms to provide professional services in a wide range of fields, including auditing, taxation and consulting。
An yong
Ernst young is a transnational professional service based in london, united kingdom, and is one of the four leading accounting firms. Ernst & ernst (consolidated into ernst & whitney after 1979) in cleveland, united states, in 1903, and arthur young, united states, in 1894. In 1989, the merger between arthur young and ernst & whinney, a former congress eight firm, created the present ernst & young。
Ernst and young have 247,570 staff globally (as at 30 june 2017) and over 700 offices in 150 countries and regions. It provides audits (including financial audits), taxes, transactions and advisory services to various companies. Ernst & young global limited, a global organization, may also refer to one or more of its member institutions, which are independent legal entities。
Four main remuneration systems
In the industry, the “four” are well known for their labour intensity, but their pay is also high。
The “four” levels are generally divided into five levels, the first level being for ordinary employees and two levels for subordinates; the second level being for senior employees and three levels; the third level being for managers, the fourth level being for senior managers and the fifth level being for partners。
In the first year, regular “four” employees were often referred to as a1 or “boys”; one year after the “four” jobs, they were often referred to as a2; senior employees were often referred to as “sa1, sa2, sa3”. Of these, managers ' basic monthly salary was $30,000 (before tax); senior managers ' basic monthly salary was $47,500 (before tax). The partners (i. E., the partners) make more than a million dollars per year。
“in addition to the basic salary, there are also overtime payments, taxi fares, etc., although it has been reported that overtime payments were cancelled shortly before.” according to the above-mentioned analysis of those who left ernst and young, “the current economic downturn and the largely stagnant ipo project were the main causes of the lay-offs”
Also, according to townsend reuters, ipo financing in the city was only $5. 3 billion at the end of october, a 32 per cent decrease over the same period。
The ipo project, on the other hand, is fundamental to the “four majors”, and obtaining a single ipo project allows for stable and continuous audit orders for two to three consecutive years。
