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In practice this often means helping them to minimise their tax bill which has been the source of controversies and legal battles in the past.For example, KMPG agreed to pay over 0 million in penalties for creating fraudulent tax shelters.
It’s estimated that their clients avoided in taxes, as a result of the fraud.
In addition, the Big 4 have been criticised for conflicts of interest.
The goal of this practice is to increase adoption of Apple technology within enterprise-level businesses.
Today, Deloitte is the largest professional services firm in the world, with higher annual revenue and more employees, than any of its Big 4 competitors.
Deloitte Mongolia Managing Partner Onchinsuren recently hosted a brunch for the new hires of the firm, during which she introduced Deloitte Onch's history and background and shared what it means to be a Deloitter who embodies the "4 1" culture of the firm, Innovation, Courage, Well-Being, Inclusion, and Integrity.
Onch also explained about the many opportunities available to Deloitte employees including training and development programs, secondment to global Deloitte offices as part of the Global Mobility program, and opportunities to make an impact that matters for our clients and society.Pros “Amazing people and inclusive family-like culture” “Learning and growth opportunities” “Interesting, intellectually stimulating, challenging work” Cons “Smallest of the Big 4” “Large, complex clients” “Recent scandals” The Big 4 have faced scrutiny for tax avoidance, and for conflicts of interest between their auditing and consulting businesses over the past few decades.The Big 4 advise on tax policies, and on business strategy.To put things in perspective, that’s more than 6X the GDP of Iceland.In addition to their size, these four firms are prestigious, and highly sought after for career opportunities.Currently, KPMG is the smallest of the Big 4, with 2018 revenues of billion.It is the only member of the Big 4 with its headquarters outside of London, and is based in the Netherlands.Pros “Very prestigious, quality firm, known worldwide” “Challenging work, good compensation” “Supportive culture, strong support to empower growth” Cons “Very poor work/life balance” “Partners needs come before the needs of employees” “High demands for quick quality work” Price Waterhouse began in 1849, and the accountancy of William Cooper began in 1854.Both were established in London and evolved throughout the 1900s.Early this year, Brand Finance, a leading brand consultancy, named Deloitte the most valuable "Commercial Service" brand in the Brand Finance Global 500 ranking.In addition, Deloitte was listed as the 3rd strongest brand overall and the most valuable brand in the professional services.