Curious. Why is Accenture not a Big 4? Other than becoming a big 5 if it did :) What makes a big 4 a big 4?

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It used to be the big 5 accounting firms (ey, dt, kpmg, pwc + Arthur Andersen) before AA collapsed with Enron.

Each of the 5 had audit, tax, and advisory arms. AA spun off its consulting arm, Accenture, which survived the Enron fiasco.

Today, even though Accenture technically is not part of the big 4, it’s generally considered to be on par when it comes to consulting/advisory.

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The phrase "Big 4" comes from the accounting side of things, not consulting - D, EY, PWC, and KPMG are all accounting firms first and foremost and consulting is a practice that is (relatively) new for them and was first introduced to sell more accounting work.

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Uhhh because Accenture isn’t an accounting firm 🤦🏼‍♀️

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https://en.wikipedia.org/wiki/Big_Four_accounting_firms

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Super helpful everyone, thank you! This was a great Big4/5 101!

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