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

2019 State of Financial Reporting Survey

We surveyed nearly 600 finance and accounting professionals on their month-end close and reporting processes. See the results.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.