Question

The "Big Four" accounting firms (Deloitte, EY, KPMG, and PwC) are coined the "Big Four" due to their market dominance in the audit and tax market in the United States. Pick ONE of the four questions below:

1. What type of chart would you use to show which accounting firm dominates in each state in terms of audit revenues?

2. Would you use the same chart for tax revenues?

3. What other ways would you recommend to these firms in finding untapped opportunities within the audit and tax market?  

4. Should the firms continue to stay focused on only audit and tax, or should they explore other areas of opportunities?

250 words.

Answer 1

Q. Should the firms continue to stay focused on only audit and tax, or should they explore other areas of opportunities?

A. The 'BIG FOUR" accounting firms should explore in other areas of opportunities. There are too many opportunities to explore the business like outsourcing of accounts, ROC matters. Through the expansion of business they can earn good returns. Now a days, Many MNC's are looking forward for outsourcing of accounts.They agree to pay good amount in lieu of services. These firms should also explore in providing payroll services also. There clients will also be happy to get all the accounting, payroll, audit and taxations services at a time and in a one roof.