Deloitte has overtaken PwC as world's largest firm and has wrestled back its crown as the biggest firm in the world by fee income following a strong year.
Deloitte powered ahead in 2016 as its global fee income grew by 5% to $36.8bn (£29.52bn), nudging it ahead of Big Four rival PwC.
Last year PwC seized back the top spot after two years of playing catch-up but in 2016 it recorded only 2% growth in fee income for a total of £28.79bn, according to the latest global network rankings from International Accounting Bulletin.
EY remained solidly in third place but still a long way from the top two with income of £21.35bn (3% growth year-on-year) and stayed slightly ahead of KPMG, which recorded growth of 4% to £20.39bn.
The Big Four’s dominance shows no sign of letting up as the gap haswidened. In fifth spot, BDO saw its fee income grow by 4% to £6.1bn while in sixth place RSM enjoyed growth of 5% to £3.9bn. Grant Thornton improved its fee income by 3% to £3.83bn.
Overall it was a strong year for the profession globally as every firm in the top 10 recorded growth. Deloitte is the number one employer with a total of 244,400 people working
for the firm, while KPMG is fourth largest with 188,983. BDO increased its global workforce by 5% to 67,731 while Grant Thornton boosted its numbers by 11% to 47,004.
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