[OC] 'Big 4' accounting firms are PwC, Deloitte, KPMG, and EY - breaking down how they make moneyThug_shinji t1_ixzx1pt wrote
Reply to comment by HammerTh_1701 in [OC] 'Big 4' accounting firms are PwC, Deloitte, KPMG, and EY - breaking down how they make money by giteam
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.
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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