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The AAO Weblog covers accounting issues and current events as they relate the practice of investment analysis. All posts prior to September, 2007 are in the public domain, but after September 4, only subscribers to The Analyst's Accounting Observer will see all posts going forward. Only selected, occasional posts will be released to the public domain from September 4 forward.

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Happy Holidays: Big Revenue Growth At Accounting Firms
Location: BlogsAAO Weblog (Public)    
Posted by: Jack Ciesielski 12/21/2005 7:49 AM
Accounting Today reports that 2005 revenues of second-tier (after the Big Four) accounting firm BDO International hit $3.3 billion - an increase of 13%. Not shabby at all; and, its US arm BDO Seidman saw revenues increase by 21%, reaching $440 million.

Sounds impressive, but keep things in perspective. Ernst & Young saw their revenues increase by 16% this year - to $16.9 billion. One Big Four firm is the equivalent - revenue-wise, anyway - of five BDO Internationals.

Or just look at the similarly King Kong-sized worldwide revenues reported by Deloitte Touche Tohmatsu, also reported by Accounting Today: $18.2 billion, up about 11%. It's good to be king, but being one of the Big Four isn't bad, either.
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