Report on Characteristics of Big Four and Non-Big Four Audit Firms

Running head : AUDITING AND INTERNAL CONTROL
AUDITING AND INTERNAL CONTROL
Name of the Student
Name of the University
Author Note

AUDITING AND INTERNAL CONTROL1
Table of Contents
Requirement 1............................................................................................................................2
Report on the characteristics of the Big Four and the non-Big Fours firms..........................2
Introduction........................................................................................................................2
Requirement 2............................................................................................................................6

AUDITING AND INTERNAL CONTROL2
Requirement 1
Report on the characteristics of the Big Four and the non-Big Fours firms
Introduction
The aim of the report is make a research on the Deloitte (one of the Big Four Audit
firms) and Macquarie Group (a non Big Four). The two companies will considered for the
purpose of range of services that they render, their locations, workforce, industries where
they specialise, the publication of the clients or the general public, marketing messages and
various other topics.
The Big Four Companies that are KPMG, Ernst & Young (EY), Deloitte and
PricewaterhouseCoopers (PwC) are referred to as the four biggest professional services
network in the world. They offer audit services to other companies, assurance services,
taxation, and management consultation, advisory services, corporate finance and legal
services. They take care of the vast majority of the audits for the public companies and the
private Companies as well. The Big four firms are a network of professional services. Each of
the firms is owned, managed and operated independently, that have signed agreements with
the other member firms in the network to share a common name, brand and quality standards.
They provide the taxation services to big Government firms, multinational companies, so that
they can take appropriate steps to evade taxes.
Deloitte Touché Tohmatsu Limited, which is popularly known as Deloitte is a
network of multinational professional services. It is considered as one of the Big Four
accounting firms and the largest network of professional services in terms of terms of revenue
generated by them and the number of professionals they possess (2019 Www2.deloitte.com).

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Macquarie Group Limited is an Australian multinational independent investment Bank
and financial services company. It is an accounting firm, which possesses the largest
infrastructure asset manager (2019 Static.macquarie.com).
 Range of services provided by them
Deloitte firms render a wide range of services that are inclusive of audit and assurance,
consulting services, financial services, advisory services, services pertaining to risks, and tax
consultancy services. They renders services to the big multinational corporation that carrying
out their operations throughout the world. The approach that is followed by them combines
insight and creativity from various disciplines with business expertise to help the clients in
the enhancement of their expectations (2019 Www2.deloitte.com).
Macquarie provides services that pertain to the retail Banking and the financial services,
personal banking services, services with respect to wealth management, business banking,
vehicle finance products and also they render services to the retail clients, advisors, brokers,
business clients. They serve the Australian Market with their services
(2019 Static.macquarie.com).
 Geographical coverage
Deloitte operates in more than 150 countries. They have their offices in London, Spain,
Netherlands, Portugal, Belgium, Brazil, Canada and worldwide (2019 Www2.deloitte.com).
Macquarie has its offices in Sydney, Adelaide, Albury, New Zealand, Auckland,
Melbourne, the United States of America, Canada, Brazil, Thailand, China, India, Hong
Kong, Indonesia, Malaysia, Korea, Philippines, Singapore, Taiwan, Japan, south Africa,
Ireland, Germany, Switzerland, Russia, Spain, Scotland, Austria and worldwide
(2019 Static.macquarie.com).