09-19-2004, 04:31 AM
Yes that's right the Big 4 are an all exclusive club, earlier the Big 6( around when i started my articles,.. with Andersen, coopers & lybrand and pricewaterhouse intact)the next in line is Grant Thorton but does not compare to their revenues (around 50% of the bottom 4 of the big 4 firm) and the kind of clientle and resources these Big4 firm command. Then again you never know, what another collapse of a Big 4 would bring about!. Though, I personally think the chance of that happening are pretty slim... the leftovers of the Big 4 are getting smart and have made sure they can buy enough protection behind legal shell firms, limited liabilities now dividing themselves into regional liability firms. Plus Andersen went down not because of a professional negligence claim but that of a criminal in nature, perjury and obstruction of justice and destruction of evidence.
"Allah does not change the state of people unless they change what is within themselves" Quran 1311
"Allah does not change the state of people unless they change what is within themselves" Quran 1311
