1/31/2024 0 Comments Deloitte touche tohmatsuThe 1989 merger between Touche Ross and Deloitte, Haskins, and Sells was thought by many industry experts to be an unlikely match, despite the fact that the accounting industry is one with a long history of mergers and acquisitions -over the years more and more partners have become concentrated in a shrinking number of firms. The Tohmatsu name comes from Tohmatsu Avoiki & Sanwa, Japan ’s largest audit firm, which was part of Touche Ross at the time of the merger in 1989. A private partnership, Deloitte & Touche is also part of Deloitte Touche Tohmatsu International, a global leader in professional managerial consulting services with 56,000 professionals in 108 countries. The two firms were roughly the same size before the merger the newly combined Deloitte & Touche could boast of revenues of nearly five billion dollars, with clients such as General Motors, Procter & Gamble, Nabisco, Sears Roebuck and Company, and other Fortune 500 companies.ĭeloitte & Touche provides professional services including accounting, auditing and tax services, and management consulting through 15,300 professionals in more than 100 U.S. The firm of Deloitte & Touche was created as a result of the 1989 merger between two of what were then the “Big Eight ” accounting firms -the firm of Touche Ross and the firm of Deloitte, Haskins, and Sells. SICs: 8721 Accounting, Auditing & Bookkeeping 8742 Management Consulting Servicesĭeloitte & Touche is the fourth largest public accounting firm in the world, one of the prestigious Big Six accounting firms that dominate public accounting. Private Wholly Owned Subsidiary of Deloitte Touche Tohmatsu International
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