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Deloitte Touche Tohmatsu

 

 

 

 

 

 

Deloitte Touche Tohmatsu (usually just "Deloitte") is one of the largest professional services firms in the world, and a Big 4 accountancy firm, along with PricewaterhouseCoopers, Ernst & Young and KPMG. In addition to its accounting practice, Deloitte is one of the largest business advisory firms in the world, providing strategic and operational management consulting services to many major companies.

It was previously known as Deloitte & Touche, which was formed by the merger of Touche Ross and Deloitte Haskins & Sells (outside of the UK) in 1990. The rebranding as simply Deloitte with a round green dot following the name was commissioned by John Connolly, the Senior Partner and Chief Executive of the UK firm, who challenged Enterprise IG in 2003 to develop a brand image that represented the new position of the organisation in the marketplace; encompassing the "complete firm", offering accounting and consulting services whilst rival firms had divested their consulting operations.

Confusingly, in the United Kingdom the local firm of Deloitte, Haskins & Sells merged instead with Coopers & Lybrand (which today is PricewaterhouseCoopers). For some years after the merger, the merged UK firm was called Coopers & Lybrand Deloitte and the local firm of Touche Ross kept its original name. In the mid 1990s however, both UK firms changed their names to match those of their respective international organisations.

In 1993, the international firm was renamed Deloitte Touche Tohmatsu, the third name coming from the firm Tohmatsu & Co, which merged into Touche Ross in 1975. The names in the company title refer to William Welch Deloitte, George Touche, and Admiral Nobuzo Tohmatsu (??). The name "Deloitte" is the firm name in longest continuous usage in the accounting profession. Deloitte Touche Tohmatsu is a Swiss Verein, a membership organization under the Swiss Civil Code whereby each member firm is a separate and independent legal entity. Its global headquarters are located in Manhattan, New York City.

According to the firm's website, as of 2006, Deloitte had a total of 135,000 professionals at work in 150 countries, delivering audit, tax, consulting and financial advisory services to more than one-half of the world's largest companies. The US firm employs over 33,000 people (2005) and the UK firm employs over 10,000 people (2006).

Deloitte recently implemented the Women's Initiative (WIN) which is intended to make Deloitte a firm where "high-performing" women can find careers that are both satisfying and that provide expanding advancement opportunities. Deloitte USA also claims to have the highest percentage of women directors, partners, and principals among the Big Four accounting firms.

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