Get to Know the Big 4 Accounting Firms
June 24, 2012 Leave a comment
Accounting plays an important role in any company. Audits are essential to daily operations and need to be carried out by a highly reliable individual or firm. In the United States, publicly traded corporations find it a huge privilege to be audited by of the of the big 4 accounting firms. Being audited by any member of this prestigious group is considered a huge thing. It’s like finishing school in any Ivy League university. It’s that important.
These accounting firms are a dominant force in the country. As a matter of fact, they audit about 80 percent of the public companies in the United States. They can charge quite a bit for their services, but companies don’t really get bothered by the price because they know they are working with the best. Initially, this group is called the Big 8 in the late 1980s. Several changes dwindled the number of the organizations that belong to this group until only 4 accounting firms are left: KPMG, Ernst & Young, PricewaterhouseCoopers, and Deloitte Touche.
Many aspiring CPAs would surely want to know the sure-fire way to learn to be a CPA. What do they have to do to make their dream a reality?
The answer is simple – study. It is simple but not easy. There really is no going around it. You cannot be good at anything if you do not study. You cannot be good at math if you let your smart older brother do your math problems for you. You cannot be good driver if you are always the in passenger seat.
It’s the same way with being a CPA or any other profession for that matter. You have to attend your classes, do your practice sets and review for your exams.
More importantly, you have to love what you do. You have to love to be a CPA. You have to love solving auditing problems. You have to love analyzing what the financial statement of a business is telling you. Because if you love what you do, or what you want to become, you can Move Mountains just to be able to reach that goal.
So study and visualize yourself as a CPA in the future, that’s the sure-fire way to learn to be a CPA.
Source: www.big4accountingfirms.org