The Big Four by Ian D Gow

The Big Four by Ian D Gow

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The Big Four by Ian D Gow

Messrs. Gow and Kells have made an invaluable contribution, writing in an amused tone that nevertheless acknowledges the firms' immense power and the seriousness of their neglect of traditional responsibilities. 'The Big Four' will appeal to all those interested in the future of the profession--and of capitalism itself.--Jane Gleeson-White, Wall Street Journal

With staffs that are collectively larger than the Russian army and combined revenues of over $130 billion a year, the Big Four accounting firms--Deloitte, PricewaterhouseCoopers, Ernst & Young, and KPMG--are a keystone of global commerce. But leading scholar Ian Gow and award-winning author Stuart Kells warn that a house of cards may be about to fall.

Stretching back to the Medicis in Renaissance Florence, this book is a fascinating story of wealth, power, and luck. The founders of the Big Four lived surprisingly colorful lives. Samuel Price, for example, married his own niece. Between the world wars, Nicholas Waterhouse collected postage stamps while also hosting decadent parties in his fashionable London home.

All four firms have endured major calamities in recent decades. There have been hundreds of court cases and legal prosecutions for failed audits, tax scandals, and breaches of independence. The firms have come so close to extinction level events that regulators have required them to prepare living wills. And today, the Big Four face an uncertain future--thanks to their push into China, their vulnerability to digital disruption and competition, and the hazards of providing traditional services in a new era of transparency.

This account of the past, present, and likely future of the Big Four is essential reading for anyone perplexed or fascinated by professional services, working or considering working in the industry, or simply curious about the fate of the global economy.
Historian Stuart Kells has twice won the Ashurst Business Literature Prize, and has been shortlisted for the Prime Minister's Literary Award, the NSW Premier's General History Prize and the University of Queensland Non-Fiction Book Award. Kells' shorter pieces have appeared in The Paris Review, The Times, Lapham's Quarterly, Smithsonian, The Guardian, National Geographic Traveller, and The Daily Beast. He is Adjunct Professor at La Trobe University's College of Arts, Social Sciences and Commerce.
SKU Unavailable
ISBN 13 9781523098019
ISBN 10 1523098015
Title The Big Four
Author Ian D Gow
Condition Unavailable
Binding Type Hardback
Publisher Berrett-Koehler Publishers
Year published 2018-08-28
Number of pages 272
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.