Accounting is an interesting profession. You can’t help but admire the sheer work ethic of the average accountant. These guys spend long hours glued to their computer systems, looking at nothing but numbers. Accountants are usually viewed as smart individuals who can perform mind-boggling calculations in split second.
Over the years, companies have come to understand the immense value of bookkeeping, audit and accounting. Its made accounting one of the most lucrative professions in the world. As far back as the 1800s, accounting firms have been earning top dollar for their services. Today, some accounting firms are multi-billion-dollar empires. Here’s a look at top accounting firms in the world.
In 1989, two heavyweights in the accounting industry merged. The two companies were Deloitte Haskins & Sells and Touche Ross. The merger led to the formation of the company Deloitte & Touche. Today, Deloitte Global is one of the biggest accounting firms in America with a workforce of over 210,000 professionals and a revenue of more than $35 billion. That’s a company that was started as a small accounting shop by William Welch Deloitte in 1845.
PwC (PricewaterhouseCoopers) LLP
founded by Samuel Lowell Price alongside some of his associates in 1865, PwC has grown to become one of biggest accounting firms in the world today. In the summer of 2015 it’s overall revenue jumped to a staggering $35.4billion. PwC employs a massive 195,000 accountants worldwide and is domiciled in 150 countries.
Ernst & Young LLP (EY)
In the late 1800s, a certain young man by name Arthur Young arrived the United States to study law at Glasgow University. With the help of his brother Stanley, they founded Arthur Young & Co., in Chicago. In 1989 Arthur Young merged with Ernst & Ernst – Ernst & Young was born. Today, Ernst & Young currently operates in over 150 countries around the world. The company’s annual revenue stands at $28.7 billion.
Seen as one of the fastest growing accounting firms in the world, KPMG is taking the accounting industry by storm. Ranked 43rd among the Fortune 500 companies, KPMG grosses an annual revenue of $24 billion. Formed in 1911 by a British accountant William Barclay Peat, KPMG has a workforce of over 100,000 employees.
Grant Thornton LLP
Grant Thornton is another accounting firm that grosses billions of dollars in yearly revenue. Founded in 1924, the company operates in 130 countries and has a workforce of over 47,000 people. In 2015, Grant Thornton declared a revenue earning of $4.7 billion.
Mazars is one of the top accounting firms in the United States and in the 76 other countries it operates. The firm employs some 17,000 professionals. It boasts of a yearly revenue of $1.3 billion. It was founded in France in 1940 by Robert Mazars.
BDO USA LLP
Founded in 1968, BDO has grown to become one of the go-to accounting firms in the USA and abroad. It boasts a workforce of about 60,000 accountants and partners. The firm has mega offices on 151 countries around the globe. In 1973 it changed its name from Binder Seidman International Group (BSIG) to Binder Dijker Otte (BDO).
Crowe Horwath LLP
Ranked the 7th best accounting firm in the world, Crowe Horwath is rapidly becoming a Fortune 500 company to be reckoned with. Formed in 1924, the firm grosses an annual revenue of $600 million. It has an employee base of 30,000+ and has offices in more than 50 countries across the globe.
Since being founded in 1964, RSM International has maintained a steady growth. Today, the company beats its chest as one of the top accounting firms in the world. The company has big offices in 120 countries and has a workforce of 38,000 professionals. The abbreviation -RSM is derived from the initials of three of the original founding member firms of the organization: Robson Rhodes (UK), Salustro Reydel (France) and McGladrey (USA). It announced an income of $4.64 billion in 2015.
Moss Adams LLP
Although bottom of our list, Moss Adams still boasts a revenue of $435 million yearly. The accounting firm employs 35,000 accountants across it’s offices in 120 countries. Moss Adams was founded in Seattle US in 1913. The company has diverse client list which includes public, private, and not-for-profit enterprises.