Big Four

  

Definition

The four largest accounting firms that handle accounting services for a number of public and private companies. The Big Four includes Deloitte Touche Tohmatsu, Pricewaterhousecoopers, Ernst & Young, and KPMG. The Big Four was formed in 2002 after a series of mergers, including the collapse of Enron, reduced the original eight down to four.

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  • A hidden barrier to the passing of a flat tax is the powerful lobbying capacity of the big four; they would lose billions if the tax code were simpler.

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  • The big four businesses were not to be messed with, because they could make, or break a small business like ours.

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  • If your company gets really big and you can't handle all of the accounting it may be time to contact the big four.

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