The Big Four

It’s interesting to note how the Big 8 was cut down into the Big 4. Read how.

The firms were called the Big 8 in the 1970s and 1980s, reflecting the international dominance of the eight largest accountancy firms:

  1. Arthur Andersen
  2. Arthur Young & Company
  3. Coopers & Lybrand
  4. Ernst & Whinney (formerly Ernst & Ernst)
  5. Haskins & Sells (merged with the European firm Deloitte Plender Griffiths to become Deloitte, Haskins and Sells)
  6. KPMG (formed by merger of Peat Marwick International and KMG Group)
  7. Price Waterhouse
  8. Touche Ross

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Ramadan – The Month of Blessing

Ramadan is the ninth month of the Islamic Calendar, which each month begins with the sighting of the new moon. Basically, Ramadan is one whole month.

Muslims believe that during the month of Ramadan, Allah revealed the first verses of the Qur’an, the holy book of the Islam.

mosque

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San Miguel to change auditor

That is the news, ok. According to money.inquirer.net, the San Miguel group changed auditors from SGV & Co. to Laya Mananghaya & Co. Starting 2006, Laya Mananghaya (KPMG) will be auditing SMC. SGV was the appointed auditor since 1997.

Inq7 offered to report the following reasons for the change in auditor:

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