The world of accounting has undergone a major transformation since the turn of the millennium. Writing the turn of the millennium is hard, as I was there. It’s amazing to think that this was a quarter of a century ago. Regardless of my recognition of the passing of time, this industry has survived regulatory upheavals to rapid advancements in technology, and shifting client expectations. Large accounting firms have had to evolve swiftly to remain relevant and maintain market leadership. At the beginning of the 21st century, the so-called “Big Five” included Arthur Andersen, Deloitte & Touche, Ernst & Young, KPMG, and PricewaterhouseCoopers. That landscape was reshaped dramatically following the collapse of Arthur Andersen after the Enron scandal, reducing the group to the Big Four. This is a story for the books, and one that still leaves most scratching their head as Andersen was the crown jewel of the big firms, in my opinion, and the opinion of many.
READ THE FULL ARTICLE BY JEANNIE CARUSO IN THE FALL 2025 EDITION OF GAMING & LEISURE MAGAZINE.