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HammerTh_1701 t1_ixzw43z wrote

Reply to comment by Thug_shinji in [OC] 'Big 4' accounting firms are PwC, Deloitte, KPMG, and EY - breaking down how they make money by giteam

It's not like there are any other actually relevant auditing firms. That's exactly the point of the term "the big four". It's either these or nothing.

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Thug_shinji t1_ixzx1pt wrote

How are you defining relevant? PWC gave evergrande a clean bill of health to help them secure more loans for gods sake. They are peak irrelevance.

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clydeav t1_iy08smi wrote

https://www.reddit.com/r/Accounting/comments/xrc60a/deloitte_china_allowed_clients_to_do_own_audit/

Not just PWC. To my understanding Big 4 in China is more like licensing out of brand name than actual Big 4. The regulatory environment there is entirely different and there are scandals left and right. It is not really fair to compare B4 China to the arms elsewhere which typically at least try to provide quality work. Whether or not they do is a different argument but audits in China are pretty much meaningless due to corruption.

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