The news fell at the end of May and sent the world of auditing and financial advice into a turmoil. A world dominated by four behemoths – Deloitte, EY, KPMG and PwC – nicknamed the “Big Four”, which reign over a global market weighing tens of billions of dollars a year. Their clients: States, regional administrations as well as public and private companies. According to Financial Times of May 27, EY is studying the possibility of separating its audit activities from its advisory activities.
