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Publisher's Summary

With staffs that are collectively larger than the Russian army and combined revenues of over $130 billion a year, the Big Four accounting firms - Deloitte, PricewaterhouseCoopers, Ernst & Young, and KPMG - are a keystone of global commerce. But leading scholar Ian Gow and award-winning author Stuart Kells warn that a house of cards may be about to fall.  

Stretching back to the Medicis in Renaissance Florence, this book is a fascinating story of wealth, power, and luck. The founders of the Big Four lived surprisingly colorful lives. Samuel Price, for example, married his own niece. Between the world wars, Nicholas Waterhouse collected postage stamps while also hosting decadent parties in his fashionable London home.   

All four firms have endured major calamities in recent decades. There have been hundreds of court cases and legal prosecutions for failed audits, tax scandals, and breaches of independence. The firms have come so close to “extinction level events” that regulators have required them to prepare “living wills”. And today, the Big Four face an uncertain future thanks to their push into China, their vulnerability to digital disruption and competition, and the hazards of providing traditional services in a new era of transparency.   

This account of the past, present, and likely future of the Big Four is essential listening for anyone perplexed or fascinated by professional services, working or considering working in the industry, or simply curious about the fate of the global economy.

©2018 Ian D. Gow and Stuart Kells (P)2018 Ian D. Gow and Stuart Kells

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A good book especially if you are an outsider

A good book on a topic that has gotten little book attention over the years.. still a bit basic for me.. I would have liked more analysis and projections on the how and why. That being said a really great analysis.. after 20 years in the industry probably why it seems a bit basic to me.

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  • Anonymous User
  • 08-09-18

Boring

Very boring and focused mainly on only two companies. I am expected a more interesting narrative.