Deloitte
Overview
Deloitte is one of the largest professional services organizations in the world, part of the “Big Four” accounting firms alongside PwC, EY, and KPMG. It provides a broad range of services including audit and assurance, consulting, risk advisory, financial advisory, tax, and legal services. Here’s a more detailed overview of Deloitte:
Founding and History
Deloitte was founded in 1845 by William Welch Deloitte in London, making it one of the oldest accounting firms. Deloitte expanded globally throughout the 19th and 20th centuries, merging with other firms to build a worldwide presence. The modern structure of Deloitte evolved in 1989 when it merged with Touche Ross, forming Deloitte & Touche.
Global Presence
Deloitte operates in over 150 countries with a workforce of more than 400,000 employees worldwide as of 2023. The firm serves clients ranging from large multinational corporations to small and mid-sized enterprises, public sector organizations, and non-profits. It has its headquarters in New York City, U.S.
Services
Deloitte provides a broad spectrum of services:
- Audit and Assurance – Deloitte is known for its auditing and financial statement services.
- Consulting – This includes strategy consulting, digital transformation, technology implementation, and cybersecurity services.
- Tax and Legal – Deloitte assists clients with tax planning, compliance, and legal matters.
- Risk Advisory – Risk management and compliance services help businesses navigate regulatory environments and mitigate risks.
- Financial Advisory – Services include corporate finance, mergers and acquisitions, restructuring, and valuation.
Clients and Industries
Deloitte serves clients across a wide range of industries, including:
- Financial services
- Healthcare
- Technology, Media, and Telecommunications
- Public sector
- Consumer and industrial products
- Energy and Resources
Deloitte’s client base includes 80% of the Fortune Global 500 companies, which demonstrates its reputation and influence.
Innovations and Thought Leadership
Deloitte is heavily involved in driving innovation. The firm invests in technology like AI, cloud computing, blockchain, and data analytics to offer cutting-edge solutions for business transformation. Deloitte also publishes influential research, including industry reports, economic outlooks, and insights into emerging trends.
Work Culture and Recognition
Deloitte is known for its emphasis on diversity, inclusion, and employee development. It regularly ranks as one of the top employers globally. Deloitte has been named to lists such as Fortune’s Best Companies to Work For and DiversityInc’s Top 50 Companies for Diversity. The firm emphasizes work-life balance, employee wellbeing, and leadership development programs.
Revenue and Size
As of 2023, Deloitte reported annual revenues of $64.9 billion, making it the largest of the Big Four accounting firms by revenue. The firm continues to expand its services and invest in new growth areas like environmental, social, and governance (ESG) consulting.
Corporate Social Responsibility
Deloitte actively engages in corporate social responsibility (CSR) initiatives, focusing on education, community development, and sustainability. It also plays a major role in addressing climate change through advisory services that help clients transition to greener business models.
Key Milestones
- In 1989, Deloitte merged with Touche Ross to form Deloitte & Touche.
- In 2020, Deloitte introduced its AI Institute, focusing on AI’s role in business transformation.
- Named as one of Fortune’s 100 Best Companies to Work For in 2023.
Contact Information
- Website: Deloitte
- Headquarters: New York City, NY, United States.