Accounting Firms

             

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               An accounting firm is an entity that employs many accountants who perform accounting services.  Accounting firms exist in all the fields of accounting such as tax accounting, public accounting, bookkeeping, forensic accounting, and many others.   The biggest and most profitable accounting firms are in the field of public accounting.  The biggest four firms, the big 4, are Deloitte, PwC, EY, and KPMG.  These four firms in the sector of public accounting make billions of dollars of revenue and contribute a lot to the global economy.  Overall, accounting firms are very important and provide many accounting related services. 

                Accounting firms are very significant entities that perform important accounting services.  Tax accounting firms are firms that work with tax preparation and the regulation of taxes.  Public accounting firms are firms that perform services such as auditing, tax consulting, and management consulting.  Bookkeeping firms are usually very small and provide services such as credit sales reconciliation, bank reconciliation, and accounts receivable and payable.  Forensic accounting firms provide services related to the investigation of illegal activities through accounting methods.  In general, accounting firms exist in many different accounting related fields and provide many important services. 

                All fields in accounting have prodigious firms, but the biggest firms are in the field of public accounting.  The biggest four accounting firms, the big 4, are Deloitte, PwC, EY, and KPMG which are all public accounting firms.  These firms all contribute crucial accounting services to the global economy, and they gain billions of dollars in revenue each year.  In addition, these firms specialize in and use a variety of accounting practices and services.  Overall, the big 4 are a big factor in the global economy and provide a great amount of accounting services. 

In conclusion, accounting firms are very important entities that contribute many essential services to governments, people, and businesses.  Accounting firms can specialize in many different forms of accounting such as tax accounting, public accounting, bookkeeping, forensic accounting, and many other forms of accounting.  The accounting firms that are the biggest and yield the most profit are public accounting firms.  These four firms, the big 4, are Deloitte, PwC, EY, and KPMG.  In general, accounting firms are a prominent part of the global economy and perform many services for different entities.  

Thank you,
Austin Bechtel

Bibliography

Johnson, Rose.  "Types of Accounting Firms."  Chron, http://smallbusiness.chron.com/types-                                     accounting-firms-17677.html.  Accessed 18 November 2017.

Stephens, Michael.  "Big 4 Accounting Firms - Everything You Need to Know [2017]."                                               Big4CareerLab, https://www.big4careerlab.com/big-4-accounting-firms/

                       Accessed 18 November 2017.