Accounting plays a critical role in the success of any business, industry, or enterprise. Choosing an accounting firm to help you organize and manage your company’s finances can be a daunting task given that not all firms provide excellent client service and professional experience.
According to the 2023 annual ranking by Accounting Today, the top 25 accounting firms in the U.S. collectively generated over $70 billion in revenue, reflecting a 6% year-over-year growth.A report by Statista shows that the Big Four firms—Deloitte, PwC, EY, and KPMG—account for more than 50% of the total market share among the top 25 global accounting firms.
If you’re having difficulty deciding on a firm to manage your company’s finances and need help with bookkeeping and other financial and reporting tasks, this article will provide you with the top 25 accounting firms with a wide range of clientele that includes individuals, small business owners, multinational corporations, and governments.
What is an Accounting Firm?
Accounting is a profession that has been around for centuries. The profession is governed by a number of regulatory bodies. And the market for accounting services is very competitive.
One of the most important aspects of accounting firms is their ability to attract and retain clients.
An accounting firm is a group of accounting professionals who provide financial management services to their clients. They offer services such as auditing, tax preparation and planning, payroll processing, bookkeeping, and advisory services.
Accounting firms charge their clients in a variety of ways. Some may charge by the project, which is common when it comes to tax preparation.
Depending on the service provided, others may charge their clients an hourly rate. Others charge flat monthly fees for ongoing services such as simple financial reporting.
The fee they charge will depend on the size of the firm, the services they provide, and the staff’s degrees and certifications.
What are the Top 25 Accounting Firms in the World?
- PricewaterhouseCoopers (PwC)
- Deloitte
- LLP KPMG
- BDO United States LLP
- Plante Moran
- Moss Adams LLP
- Baker Tilly
- RSM US LLP
- Grant Thornton
- Crowe
- CohnReznick LLP
- CBIZ
- Friedman LLP.
- Schellman
- Marcum.
- PKF O’Connor Davies
- Eide Bailly LLP
- Rimerman + Co. LLP
- Armanino LLP
- Aprio
- Rehmann
- Frazier & Deeter
- BPM
- Grassi
- Grant Thornton LLP
#1. Price water house Coopers (PwC)
PwC is widely regarded as the world’s most prestigious and forward-thinking accounting firm. It provides extensive career development opportunities, such as formal coaching and mentoring, informal mentoring, excellent training, and clear advancement paths.
PwC also places a high priority on CSR initiatives and improving DE&I. It established a carbon neutrality goal for 2030 and provides numerous opportunities for its employees to learn more about DE&I issues and receive anti-bias training.
#2. Deloitte
“Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms worldwide collaborate to provide audit and assurance, consulting, risk and financial advisory, risk management, tax, and related services to select clients.
Each DTTL member firm offers specific geographic services and is subject to the laws and professional regulations of the country or countries in which it operates.
#3. LLP KPMG
KPMG makes it possible for you to direct your own career. Strong training, the ability to move locations and roles, and the ability to switch practice areas are all development opportunities.
There are numerous wellness options available, as well as affinity groups that support women and people of color.
#4. BDO United States LLP
BDO is a global accounting and advisory firm that also happens to be one of the most prestigious CPA firms in the United States. Its internship program provides students with hands-on experience while working alongside senior management.
Its full-time employees can benefit from informal coaching, formal mentoring, and extensive training. BDO works hard to promote philanthropic activities and diversity, and it has a diverse workforce,
#5. Plante Moran
Plante Moran is one of the largest and most well-known accounting firms in the United States. It has been named one of Fortune’s “100 Best Companies to Work For” for more than 20 years.
Interns can gain hands-on experience, network with partners, and participate in a “buddy” program at the firm. Full-time employees rotate through various areas and meet with seniors to discuss career goals.
#6. Moss Adams LLP
Moss Adams, an accounting firm, is looking for motivated self-starters with strong technical skills. Interns are treated as full-time employees at the firm and are given the opportunity to learn alongside senior executives.
Career advisors and mentors assist full-time employees in navigating the early stages of their careers. Employees also receive free subscriptions to Headspace, gym memberships, and counseling.
#7. Baker Tilly
Baker Tilly, headquartered in Chicago, is one of the country’s oldest and largest accounting firms. Its interns are treated as full-time employees and have access to seniors and managers who are eager to assist.
Full-time employees receive formal training, on-the-job training, mentoring, and internal mobility opportunities.
The firm is heavily invested in philanthropy and diversity, with new initiatives centered on D&I. It has recently made great strides in terms of gender diversity.
#8. RSM US LLP
RSM is the leading provider of audit, tax, and consulting services to the middle market in the United States. Interns gain hands-on experience with clients, while full-time employees receive extensive training and mentoring.
RSM has an “own your future” mentality that rewards employees who take control of their careers. RSM participates in a variety of charitable events, and its 11 D&I networking groups host webinars, conferences, and other events.
#9. Grant Thornton
Grant Thornton, is a well-known name in accounting, particularly in the audit sector. with 6.6 billion dollars in revenue in 2021, remains one of the world’s leading mid-tier accounting firms, serving clients in over 130 countries and growing year after year.
#10. Crowe
Crowe (officially Crowe Global) is an extremely prestigious accounting firm with a name that most will recognize.
This firm has more than 200 member firms worldwide, and its stellar reputation has helped it establish itself as a market leader in the industry.
#11. CohnReznick LLP
CohnReznick, based in New York City, is one of the top 15 accounting firms in the United States. Interns have the opportunity to assist with year-end audits and network with employees at all levels.
Full-time employees can meet with career development coaches to discuss their goals and performance, as well as get assistance with graduate programs, CPA materials, and CPE courses.
#12. CBIZ
CBIZ is one of the most well-known accounting, tax, and advisory firms in the United States. It gives its interns a lot of responsibility, guidance, and chances to meet directors and partners.
Its full-time employees have access to training conferences, professional development opportunities, and internal mobility.
#13. Friedman LLP
Inside Public Accounting named Manhattan-based Friedman one of the “Fastest Growing Firms.
The company’s “Everyday Workplace Flexibility” program ensures that employees have a healthy work/life balance, and its “Formal Alternative Work Arrangement” program allows employees to customize their schedules.
Friedman is dedicated to giving back, and its Women’s Development Network hosts a variety of events for women on topics such as financial planning and wellness.
#14. Schellman
Schellman, headquartered in Tampa, is the largest CPA firm specializing in attestation and certification services.
New hires receive extensive informal mentoring as well as “boot camp” certification training. Schellman values volunteerism and giving back, and she has active affinity groups that promote diversity for women.
#15. Marcum
NYC-based Marcum is one of the top 15 accounting firms in the United States. Its interns gain practical experience and are exposed to partners.
Full-time employees have access to mentors and coaches, and they can move between locations and practice areas. Marcum encourages a healthy work-life balance by providing flexible schedules and alternative work arrangements.
#16. PKF O’Connor Davies
PKF O’Connor Davies is one of the top 30 accounting firms in the United States. The company genuinely cares about its employee’s professional development and advancement.
Interns receive meaningful work and the opportunity to interact with senior professionals, while full-time employees receive mentoring, valuable and useful feedback and extensive training.
A healthy work/life balance is possible—the company recognizes that employees have lives outside of work and provides ample PTO and benefits.
#17. Eide Bailly LLP
Eide Bailly is one of the top 20 accounting firms in the United States. It provides quality training, hands-on experience, and access to senior staff members and clients to its interns.
Its full-time employees have access to an excellent mentoring and career counseling program, as well as an “Xchange” program that allows them to rotate through various departments and specialties.
The firm recently formed an inclusion and diversity committee to promote D&I for all minority groups within the firm.
#18. Rimerman + Co. LLP
Based in Palo Alto Frank, Rimerman + Co. focuses on accounting services for industry leaders, including many Silicon Valley pioneers.
The firm embodies the entrepreneurial spirit of its clients and provides its employees with opportunities for growth such as soft skill training, technical training, and the ability to rotate through the firm’s departments.
#19. Armanino LLP
Armanino is the largest accounting and business consulting firm with a California headquarters. Its interns receive hands-on experience, excellent training, and the opportunity to interact with senior management.
Its full-time employees have access to an internal mobility program, cutting-edge training, tuition reimbursement, and bonuses for passing the CPA exam.
#20. Aprio
Aprio, based in Atlanta, is one of the top 50 CPA firms in the United States. Its interns gain real-world busy-season experience as well as access to senior management.
Full-time employees have access to extensive training as well as clearly defined promotion timelines. Aprio is committed to charitable giving and has several affinity groups for women as well as a diversity hiring initiative for Black students.
#21. Rehmann
Rehmann is one of the 35 largest accounting firms in the United States, with the largest tax practice in Michigan. Interns receive extensive on-the-job training, immediate feedback, and a great deal of support from senior management.
Full-time employees receive technical training, the ability to transfer locations and departments, and mentors to assist with skill development and career advancement.
The firm values community involvement and encourages employees to serve on local government and nonprofit boards.
#22. Frazier & Deeter
Atlanta-based Frazier & Deeter is one of the top 50 CPA and advisory firms in the United States. Its excellent internship program provides students with hands-on experience as well as the opportunity to learn alongside senior executives.
Its full-time employees receive extensive structured and informal training and mentoring, and seniors are easily accessible for assistance and advice.
#23. BPM
Based in San Francisco BPM is one of the top 50 accounting and advisory firms in the United States. It was recently recognized as one of the best places to work in the Bay Area, as well as one of the fastest-growing accounting firms. BPM is very concerned with the community.
#24. Grassi
Grassi is one of the top 100 accounting firms in the United States. Its interns gain practical experience while working alongside senior management.
Its full-time employees benefit from extensive training, a fantastic mentoring program, and a very generous benefits package.
Grassi values diversity and inclusion and has a women’s council that organizes events on a regular basis.
#25. Grant Thornton LLP
Grant Thornton is one of the most prestigious and well-known accounting firms in the world. An internship or job with the firm will help you advance in your career. Interns gain hands-on experience and a clear understanding of what it’s like to work for the firm full-time, while staff benefit from extensive mentoring opportunities and the ability to direct their own careers—you can advance quickly
How much do workers in Accounting Firms earn?
Accountants earn a median salary of $73,560 per year, according to data from the Bureau of Labor Statistics (BLS). CPAs’ earning potential can be influenced by their education, experience, and location.
However, for professionals who stay in the field and gain more experience, this career provides an upward earning trend, making now a great time to get started in the industry.
Even if you do not have a degree in accounting, you can earn a lot of money by working in one of these 10 Most Fun Jobs that pay well without a degree.
Conclusion
The accounting firms on this list are ranked according to the size of their revenue. This is not necessarily an indicator of the quality of their services, but it does indicate how well they have been able to establish themselves in the market.
FAQs on Top 25 Accounting Firms
What are the top 10 accounting firms?
The top ten accounting firms in terms of revenue are:
- Deloitte – $59.3 billion
- PwC – $50.3 billion
- EY – $45.4 billion
- KPMG – $32.3 billion
- BDO – $10.3 billion
- RSM $6.3 billion
- Grant Thornton – $5.76 billion
- Nexia International $4.5 billion
- Crowe Horwath $ 4.3 billion
- Baker Tilly $4.04 billion
Which accounting firm is the most prestigious in US?
PwC is widely regarded as the world’s most prestigious and forward-thinking accounting firm. It provides numerous opportunities for career development, including formal coaching and mentoring, informal mentoring, excellent training, and clear promotion paths.
What is the best Big 4 accounting firm?
The “Big Four” referred to the four largest accounting firms in the United States by revenue. Deloitte, Ernst & Young (EY), Price water house Coopers (PwC), and Klynveld Peat Marwick Goerdeler are among them (KPMG).
References
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