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Deloitte vs. KPMG

What's the Difference?

Deloitte and KPMG are both global professional services firms that offer a wide range of services including audit, tax, consulting, and advisory services. Both firms have a strong reputation for providing high-quality services to their clients and have a global presence with offices in multiple countries. However, Deloitte is known for its focus on technology and innovation, while KPMG is known for its expertise in risk management and regulatory compliance. Overall, both firms are highly respected in the industry and are trusted by clients to provide expert advice and guidance.

Comparison

Deloitte
Photo by Rich Smith on Unsplash
AttributeDeloitteKPMG
Founded18451987
HeadquartersNew York City, USAAmstelveen, Netherlands
Revenue$47.6 billion (2020)$29.75 billion (2020)
Number of Employees330,000219,000
ServicesConsulting, Audit, Tax, AdvisoryConsulting, Audit, Tax, Advisory
KPMG
Photo by Alexander Simonsen on Unsplash

Further Detail

Company Overview

Deloitte and KPMG are two of the largest professional services firms in the world, providing a wide range of services including audit, tax, consulting, and advisory services. Deloitte is headquartered in New York City, while KPMG is headquartered in Amsterdam. Both companies have a global presence, with offices in multiple countries around the world.

Size and Revenue

Deloitte is the largest of the "Big Four" accounting firms, with annual revenues exceeding $40 billion. KPMG, on the other hand, is the smallest of the Big Four, with annual revenues around $30 billion. Despite the difference in size, both companies are considered leaders in the professional services industry.

Services Offered

Both Deloitte and KPMG offer a wide range of services to their clients, including audit, tax, consulting, and advisory services. However, Deloitte is known for its strong consulting practice, while KPMG is known for its expertise in audit and tax services. Deloitte also has a strong presence in the technology sector, offering services related to cybersecurity, digital transformation, and data analytics.

Client Base

Deloitte and KPMG both serve a diverse range of clients, including multinational corporations, government agencies, and non-profit organizations. Deloitte has a strong presence in the financial services, healthcare, and technology sectors, while KPMG has a strong presence in the manufacturing, retail, and energy sectors. Both companies have a reputation for providing high-quality services to their clients.

Employee Culture

Deloitte and KPMG both have a strong focus on employee development and work-life balance. Deloitte is known for its inclusive and collaborative culture, with a focus on diversity and inclusion. KPMG, on the other hand, is known for its entrepreneurial culture, with a focus on innovation and creativity. Both companies offer extensive training and development programs for their employees.

Global Presence

Deloitte has a larger global presence than KPMG, with offices in over 150 countries around the world. KPMG, on the other hand, has a presence in around 150 countries. Both companies have a strong presence in major financial centers such as New York, London, and Hong Kong. Deloitte and KPMG both serve clients in a wide range of industries and sectors.

Industry Recognition

Both Deloitte and KPMG are highly regarded in the professional services industry, with a strong reputation for quality and expertise. Deloitte has been ranked as the number one consulting firm by Vault, while KPMG has been recognized for its audit and tax services. Both companies have won numerous awards for their work in various industries and sectors.

Conclusion

In conclusion, Deloitte and KPMG are two of the largest and most respected professional services firms in the world. While Deloitte is known for its strong consulting practice and global presence, KPMG is known for its expertise in audit and tax services. Both companies have a strong focus on employee development and work-life balance, and serve a diverse range of clients in various industries. Overall, both Deloitte and KPMG are leaders in the professional services industry and continue to provide high-quality services to their clients.

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