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Taking A Look At Deloitte

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Deloitte is one of the big four accounting firms and provides their professional services to clients all over the world. They operate through their subsidiaries, which consists of business types: Deloitte & Touché LLP, Deloitte Consulting LLP, Deloitte Financial Advisory and, Deloitte Tax LLP. Deloitte provides services all over the world, including audit, advisory, consulting, tax and enterprise risk services. Deloitte has 108 offices in 91 cities around the world. In 2015, Deloitte employed over 225,000 people.
There are several major competitors that Deloitte faces in their industry. Their closest competition consists of the three big accounting firms, PriceWaterhouseCoopers, KPMG, and Ernst & Young. These firms provide the same services as Deloitte. According to Deloitte’s website “Revenues for fiscal year 2015 were US$35.2 billion.” (Deloitte, 2016). Their revenue has steadily increased over the last 10 years and they have expanded to over 150 countries .Deloitte provides services to many different markets including: automotive, banking, oil and gas and many other industries. Their approximate annual growth for 2015 was 8%, which is the highest out of the big four accounting firms (“The Big 4 Accounting Firms”, n.d.). …show more content…

From information presented on a graph on Deloitte’s website, their Audit and enterprise risk services had an 8.2% increase in 2015 alone. All kinds of people rely on audits to provide them with assurance that a business is being honest and complying with laws and regulations. According to an article on the Houston Chronicle website, Reeves (n.d.) states “Auditors authenticate the accuracy of a company's financial transactions and confirm that the company follows generally accepted accounting principles— or GAAP—as administered by the Federal Accounting Standards Advisory Board” (Reeves,

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