The largest accounting firms in Australia are known collectively as the
A)'Big-6'
B)'Big-4'
C)'Big-3'
D)'Big-5'

Question

Quizplus · Accepted Answer

The largest accounting firms in Australia are known as the "Big-4." This term refers to the four largest accounting firms in the world, which includes Deloitte, PwC, EY, and KPMG. They are known for their expertise in providing audit, tax, and advisory services to clients in various industries. The term "Big-6" was used in the past but has since been replaced by "Big-4" due to mergers and acquisitions in the industry. The options C and D are incorrect as they do not represent the current situation in the accounting industry in Australia.

The Largest Accounting Firms in Australia Are Known Collectively as the