Event
Mergers of the Big Eight accounting firms
Between 1987 and 1998 six of the eight largest U.S. accounting firms merged in pairs, leaving four with Arthur Andersen’s end in 2002.
- Dates
- 1987–1998
Connections 7
involved
- Peat Marwick Mitchell merged into KPMG (1987) Primary record 1
- Ernst & Whinney merged into Ernst & Young (1989) Primary record 1
- Arthur Young merged into Ernst & Young (1989) Primary record 1
- Deloitte Haskins & Sells merged into Deloitte & Touche (1989) Primary record 1
- Touche Ross merged into Deloitte & Touche (1989) Primary record 1
- Price Waterhouse merged into PricewaterhouseCoopers (1998) Primary record 1
- Coopers & Lybrand merged into PricewaterhouseCoopers (1998) Primary record 1
Timeline 1 date
- 1987–1998 Mergers of the Big Eight accounting firms
Proof 1 source
-
Public Accounting Firms: Mandated Study on Consolidation and Competition (GAO-03-864), U.S. Government Accountability Office, 30 Jul 2003.
Primary record
Archived copy
the first such merger in 1987 between Peat Marwick Mitchell, one of the Big 8, and KMG Main Hurdman, a non-Big 8 U.S. affiliate of the European firm, Klynveld Main Goerdeler, resulted in the creation of KPMG Peat Marwick.
In June 1989, the first merger among the Big 8 involved fourth-ranked Ernst & Whinney and sixth-ranked Arthur Young to form Ernst & Young.
In August 1989, seventh-ranked Deloitte Haskins & Sells and eighth-ranked Touche Ross merged to form Deloitte & Touche.
In 1998, sixth-ranked Price Waterhouse merged with fifth-ranked Coopers & Lybrand to become the second-ranked firm, PricewaterhouseCoopers.
Page history 1 change
- Add 55 stories, each checked against its sources96e92fe6
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