Not many people know that the firms that are today referred to as Big 4 in professional services industry were once 8. It started from Big 8, later Big 6, and now Big 4. These super professional services firms (Deloitte, KPMG, PwC, and Ernst and Young – together called the Big 4) became 4 from 8 due to mergers (and failure in the case of Arthur Andersen) over time.
Here are the Big 8, the forebear of the Big 4:
- Arthur Andersen (now part of KPMG)
- Coopers and Lybrand (now part of PwC)
- Ernst & Whinney (now part of EY)
- Deloitte Haskins & Sells (now part of Deloitte)
- Peat Marwick Mitchell (now part of KPMG)
- Price Waterhouse (now part of PwC)
- Touche Ross (now part of Deloitte)
- Arthur Young (now part of EY)
So there you go, those were the Big 8 of then.
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