Big Five
Financial Dictionary — Accounting Profession
Definition
Big Five The largest accountancy firms: KPMG Peat Marwick, Price Waterhouse Coopers, Ernst & Young, Deloitte & Touche and Arthur Andersen. Individual country arms of these groups may have slightly different names.
Use cases, Example & Why it matters
Use cases
- Used to explain the concept in accounting and business contexts.
- Used when training staff or documenting procedures and policies.
- Used when training staff or documenting procedures and policies.
Example
- Example: Teams reference **Big Five** when defining terms in manuals, policies, or training materials.
Why it matters
- Why it matters: Improves clarity and consistency across documentation and decision-making.