Deloitte (earlier known as Deloitte Touche Tohmatsu Limited) is an international company providing professional services.
Along with PricewaterhouseCoopers, Ernst & Young, and KPMG is in the “Big Four” audit firms. In addition to the services of audit, Deloitte is one of the largest firm providing consulting services to leading companies around the world. In 2011, it was announced that Deloitte Touche Tohmatsu Limited ended the fiscal year with revenues of 28.8 billion dollars and has become a leader on the world market of professional services.
Use free sample research papers on the topic to learn that Deloitte Touche Tohmatsu Limited is a network of companies, partnerships, which are independent legal entities operating worldwide. Deloitte provides audit and consulting services in more than 150 countries of the world. Unlike competitors from the Big Four, Deloitte fully retained its consulting business from which the PwC, KPMG and Ernst Young & refused after scandals with WorldCom/Enron. In addition, in a number of countries, Deloitte has its own law practices.
The number of employees (as of 2011) was 182 k. man. The company’s revenue in the fiscal 2012 year was $ 31 billion (in the fiscal 2011 year, it was $ 28.8 billion, out of which 42.6% was of the audit and 29.7% was of the consulting income). The United States market provided 40% of the income for the 2012 fiscal year.
Today, Deloitte Touche Tohmatsu Limited is one of the world’s largest business network with approximately 200,000 employees. Deloitte has in its history merging with various agencies to reach its today’s position. The company usually counts their origins to three different agencies.
In 1845, William Welch Deloitte founded a small accounting firm in Central London. Deloitte was to become the first person ever to be appointed as an auditor of a public company. In 1880, Deloitte moved to New York to open an Office. Over the years, the Deloitte merged with several smaller offices, the largest merger occurred in 1952, when Deloitte merged with the international auditing firm Haskins & Sells.
The second audit Bureau that Deloitte counts as one of its three original is Touche Ross, which was formed in 1969 through the merger of several international agencies.
Tohmatsu Awoki & Co, the third of Deloitte’s original bureaus, was founded in Japan in 1968 by a former Admiral and merged with Touche Ross back in 1975.
In 1989, there was the last big merger, when Deloitte and Touche Ross U.S. agencies joined forces. Most, though not all, of the two international agencies followed the example of the networks and joined forces in various countries around the world. Deloitte has since decided to shorten its name to today’s Deloitte.