McGladrey, Grant Thornton, BDO Will Break into Big 4 By 2019, Says Guy on Twitter

People say a lot of crazy things on Twitter. I know I have. But this guy just said the craziest:

People say a lot of crazy things on Twitter. I know I have. But this guy just said the craziest:


OK so let's ignore the fact that it's called the Big 4 for a reason (as in, you don't have to be an accountant to understand that the "4" represents four firms). Meaning even if this dude were onto something (which he clearly isn't), it would mean 3 firms would have to be vaporized off the face of the planet by some devastating Act of GAAP for this to happen. Yeah, over Ken Lay's dead body.

Even Grant Thornton was like "say what now, bro?"


Perhaps GT didn't get the memo that auditor rotation is off the PCAOB's extended to do list.

Despite the PCAOB's disinterest in forcing auditor rotation for the foreseeable future, Mr Wang (*giggle*) thinks auditor rotation will play a big role:

Yeah OK, bro, whatever you say.

 

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Thumbs down BDO LLP

BDO Canada Took a Page Out of BDO USA’s Playbook of Bad Auditing

We’ve had some fun over the years picking on BDO USA for its auditing imperfections, from blowing the 2009 audit of General Employment Enterprises Inc. to three former BDO accountants getting into trouble for misdeeds made in the 2013 audit of AmTrust Financial Services Inc. to god-awful PCAOB audit inspection reports. How horrible have BDO’s […]

Platinum Hedge Fund Investors Aren’t Big Fans of CohnReznick

CohnReznick is being sued by 49 investors of an ill-fated Platinum Partners hedge fund who claim the accounting firm is complicit in and benefited from a fraud that doomed Platinum. Institutional Investor reported: The group of investors, who collectively sunk $63 million into the Platinum Partners Credit Opportunities Fund, filed a lawsuit against CohnReznick in the […]