#1 of the “Big Four” Falls – Odds On Your Mid-Term Candidate?

Deloitte, one of the “Big Four” accounting firms has suffered an email leak. Ben Miller reports varying accounts of the breach in Deloitte Admits Email Hack, Says No Government Clients Impacted.

Deloitte minimizes the breach while others report the entire system was breached, months ago. Too early to know the details but I’m betting on complete breach.

Which is made all the more amusing by this description of the “Big Four:”

The majority of the world’s auditing services are performed by only four accounting firms.

Known as the ‘Big 4’, these firms completely dominate the industry, auditing more than 80 percent of all US public companies.

In addition, these mammoth organizations advise on tax and offer a wide range of management and assurance services.

Although usually identified as single companies, each one of the Big 4 Accounting Firms is actually a network of independent corporations who have entered into agreements with one another to set quality standards and share a common name.

….

Deloitte LLP is the number one firm in the United States (and in the world). The company began as the separate companies of William Deloitte, Charles Haskins, Elijah Sells, and George Touche. The three companies eventually merged to become Deloitte & Touche. Today the company is known primarily as Deloitte LLP, and has four subsidiaries: Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP and Deloitte Tax LLP.

The Big 4 Accounting Firms

With serious people failing at cybersecurity, what are the odds for your candidate for the 2018 congressional mid-terms? Or the odds for candidates you oppose in the same election?

All the more reason to mourn the passing of Leonard Cohen.

He could have written: Transparency is coming to the USA.

Are you on the side of transparency or opaqueness and privilege?

PS: A scoreboard for cybersecurity breaches of the “Big Four:”

Updates to: patrick@durusau.net

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