Related Posts
What makes more money IT Audit or IT GRC?
Pro
Additional Posts in Accounting
Did Deloitte disable Spark, the email app?
Prometric closed until 4/30
Is 75k good for a tax senior 1 in Seattle?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Rising Star
Independence nightmare. Not to mention I think bdo does our audit. We can barely offer services to our clients as it is with all the independence entanglements.
No chance of that. We resigned from a bunch of smaller companies last year, many of which were picked up by the middle tier. Why would we want them back? If they were profitable and low risk, they would still be clients.
I can’t remember the last time a big 4 made a big stateside acquisition of a peer. I imagine it’s not attractive because most clients that don’t use big4 do so for a reason and most companies that big4 don’t go after, is due to reasons. Seems like there is a natural separation of markets - small overlap but not significant… to me this question is akin to “why doesn’t McDonalds buy 5 guys… “ we are all similar companies but playing on much much different levels - and all the companies have carved nice niches that serve them successfully
Good reminder that McDonalds actually owned Chipotle and sold it early on a similar premise.
No. They would not want to add additional conflicts. Cause synergies are not high as there is not a big overlap.
Revenue growth doesn’t mean epp goes up automatically
No. Big4 would fire existing BDO clients and employees as they are lower market.
Agreed - As I noted previously, the middle firms picked up many of the clients that the B4 dumped in the last two years. We wouldn't want them back.
I don't believe so, these midsize firms are currently trying to gain market share with investment and really tackle a different market