AUDIT FIRMS

The Big Four

 Deloitte Touche Tohmatsu-United States

 PwC(PricewaterhouseCoopers)-United
Kingdom
 Ernst & Young-United Kingdom
 KPMG-Netherlands
 Legal Structure
 Network of firms
 Owned and managed independently
 Share a common name, brand and quality
standards
 India does not allow fdi in accounting ,
auditing
 The largest of the Big Four
 Rajiv Memani
 No license to audit
 Indian affiliates: S.R. Batliboi & Company
 Biggest clients: Bharti Airtel, Axis Bank, ACC,
Fortis Healthcare, Whirlpool, Tata Teleservices
 Growth rate of 45%
 The second-largest Indian accounting firm
 Jairaj Purandare
 Indian affiliates: Price Waterhouse, Price
Waterhouse & Co, Lovelock & Lewes and RSM &
Co., Dalal & Shah
 The Satyam scandal
 "Klynveld Peat Marwick Goerdeler“
 Biggest clients: ICICI, Infosys, Reliance
Communications, Siemens India
 Russell Parera, CEO for KPMG in India
 Indian affiliates: BSR, BSR & Associates, BSR &
Company Acquisitions in India
 Roopen Roy, Managing Director
 Biggest clients: (Audit) Reliance, HDFC, Idea
Cellular, Sun Pharma, M&M, Hero Honda,
Tata Steel, Tata Motors, Tata Power
 Indian affiliates: A. F. Ferguson & Co, Fraser &
Ross