Accounting gap
Source: Xinhua |
July 31, 2012, Tuesday
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Print Edition
Print Edition
LOCAL accounting firms have witnessed fast growth in recent years and are gradually narrowing the revenue gap with the Big Four, an industry official said yesterday.
In 2011, the average revenue of the Big Four - KPMG, Deloitte Touche Tohmatsu, Ernst & Young and PricewaterhouseCoopers - was 1.68 times that of the best-performing local firm in China, whereas the gap in 2002 was 4.06 times, according to Chen Yugui, secretary of the Chinese Institute of Certified Public Accountants.
In 2011, the average revenue of the Big Four - KPMG, Deloitte Touche Tohmatsu, Ernst & Young and PricewaterhouseCoopers - was 1.68 times that of the best-performing local firm in China, whereas the gap in 2002 was 4.06 times, according to Chen Yugui, secretary of the Chinese Institute of Certified Public Accountants.
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