The Big Four accounting firms have recorded their strongest financial performance since the collapse of Enron, as corporate clients rushed to transform their businesses during the pandemic.
KPMG is due to report annual revenues of $32.1bn on Thursday, a 10 per cent increase on 2020. In aggregate, the leading pack, which also includes Deloitte, EY and PwC, will have racked up $167.3bn in turnover for the financial year ended 2021, a 7 per cent increase.
It is the strongest collective result since the Enron scandal led to the collapse of Arthur Andersen in 2002 and reduced the Big Five to the Big Four.
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