Deals & Developments


 
The Big Four firms announced 2006 results ranging from 9.6% to 11.5% growth worldwide. Combined, Big Four revenues totaled $77.3 billion.

Twenty-two midsize firms joined a new alliance called Baker Tilly USA (a new branch of network Baker Tilly International) in an effort to compete with larger firms for U.S. audit business.

Meanwhile, China announced plans to develop its own international accounting firms. The policy statement by the Chinese Institute of Certified Public Accountants (CICPA), which was first reported by the Financial Times in October, says that in the next five to 10 years China should develop 10 accountancy firms capable of operating internationally. The firms would audit foreign operations of Chinese companies that are currently being audited by Big Four firms.

 

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

8 sentences to help you master subject-verb agreement

When professionals prepare written material for readers inside their organization or outside, they should make sure that no errors distract from the message they need to convey. Take this short quiz for practice in subject-verb agreement.