gyang333
gyang333 t1_iy2llgf wrote
Reply to comment by Sparkatarka in [OC] 'Big 4' accounting firms are PwC, Deloitte, KPMG, and EY - breaking down how they make money by giteam
Deloitte uses both Consulting and Advisory though.
gyang333 t1_iy2ljzm wrote
Reply to comment by Major_Independence_6 in [OC] 'Big 4' accounting firms are PwC, Deloitte, KPMG, and EY - breaking down how they make money by giteam
Hard to do consistent terminology as the firms have different service line categorizations. For example, EY and KPMG terms Risk Advisory as "Consulting" while PwC terms Risk as Assurance, and Deloitte groups it in its own category. That's just one example. I think Financial Advisory is the same kind of inconsistency amongst the 4.
gyang333 t1_iy2mt78 wrote
Reply to comment by Major_Independence_6 in [OC] 'Big 4' accounting firms are PwC, Deloitte, KPMG, and EY - breaking down how they make money by giteam
I know that. But look at the Deloitte breakouts. There's Risk Advisory, Financial Advisory, and also Consulting. Deloitte breaks it out differently than the other 3 do. Financial Advisory, is known as FAAS at EY - Financial Accounting Advisory Services but it's a joint venture between Assurance and Consulting and the revenue is split between the two service lines at EY, while at D it's its own category.