{"id":5354,"date":"2010-01-06t02:14:52","date_gmt":"2010-01-06t06:14:52","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=5354"},"modified":"2024-11-19t21:49:05","modified_gmt":"2024-11-20t02:49:05","slug":"big-4-slammed-by-global-recession","status":"publish","type":"post","link":"\/\/www.g005e.com\/2010\/01\/06\/big-4-slammed-by-global-recession\/","title":{"rendered":"big 4 slammed by global recession"},"content":{"rendered":"<p><strong>total fees fall 7%.<\/strong><\/p>\n<p style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5356\" title=\"big 4 results fy 2004-2009\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/01\/big-4-results-fy-2004-2009.bmp\" alt=\"big 4 results fy 2004-2009\" width=\"364\" height=\"215\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/01\/big-4-results-fy-2004-2009.bmp 449w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/01\/big-4-results-fy-2004-2009.bmp 300w\" sizes=\"auto, (max-width: 364px) 100vw, 364px\" \/><\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">a compilation of the big four accounting firms&#8217; latest annual results shows the global economic slowdown abruptly reversed five straight years of double-digit revenue growth.<\/p>\n<p><!--more-->\u201cthe 2009 fiscal year was a difficult one for deloitte, ernst &amp; young, kpmg and pricewaterhousecoopers, with revenues falling between 4 and 11 percent from 2008, as firms dealt with a tough external environment, slower worldwide growth, reduced spending on professional services, and minimal merger and acquisition activity. revenues fell most in developed countries, while growth still continued in emerging markets in asia, latin america and eastern europe,\u201d stated david hunter, vice president at big4.com.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5362 alignright\" title=\"big 4 staff trends\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/01\/big-4-staff-trends.bmp\" alt=\"big 4 staff trends\" width=\"224\" height=\"140\" \/><\/p>\n<p>in 2009, pricewaterhousecoopers remained the largest big four firm with revenues of $26.2 billion, just ahead of deloitte with revenues of $26.1 billion, followed by ernst &amp; young with 2009 revenues of $21.4 billion and kpmg with revenues of $20.1 billion. the appreciating u.s. dollar over the reporting period magnified year over year revenue declines; when measured in local currency terms, revenues fell by lower percentage levels. the analysis has further details on performance by global regions and by audit, tax and advisory service lines, and expectations for the future.<\/p>\n<p><strong>free download: <\/strong>the<strong> <\/strong>2009 big four firms financial performance analysis is available at <a href=\"http:\/\/www.big4.com\/media_kit\/big4_media_kit.pdf\" target=\"_blank\">http:\/\/www.big4.com\/media_kit\/big4_media_kit.pdf<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>total fees fall 7%. a compilation of the big four accounting firms&#8217; latest annual results shows the global economic slowdown abruptly reversed five straight years of double-digit revenue growth.<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2254,5],"tags":[252,620,184,534,611],"class_list":["post-5354","post","type-post","status-publish","format-standard","hentry","category-growth","category-outlook","tag-recession","tag-fees","tag-firms","tag-growth","tag-revenue"],"acf":[],"yoast_head":"<!-- this site is optimized with the yoast seo plugin v24.0 - 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