Deloitte: Difference between revisions
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| Type: | Privately held (Limited Guarantee) |
| Industry: | Management Consulting |
| Founded: | 1845 |
| Founder(s): | William Welch Deloitte George Touche Admiral Nobuzo Tohmatsu |
| Headquarters: | 1633 Broadway New York, NY 10019 |
| Country: | USA |
| Businesses: | Deloitte & Touche LLP Deloitte Consulting LLP Deloitte Financial Advisory Services LLP Deloitte Tax LLP |
| Employees: | 182,000 |
| Revenue: | $28.8 billion (2011) [1] |
| Website: | www.deloitte.com |
| Facebook: | Deloitte |
| LinkedIn: | Deloitte |
| Twitter: |  @Deloitte
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| Key People | |
| Barry Salzberg, Global CEO Steve Almond, Chairman | |
Deloitte (Deloitte Touche Tohmatsu Limited) is the world's leading private professional services organization. The company has more than 182,000 employees and reported a $28.8 billion revenue in 2011. Deloitte is based in New York. Barry Salzberg is the Global CEO of the company.[2]
History[edit | edit source]
William Welch Deloitte established his own accountancy firm across the the Bankruptcy Court on Basinghall Street, London in 1845. He served as assistant to the Official Assignee at Bankruptcy Court for more than a decade since 1933 at the age of 15. In 1849, Deloitte became the first appointed independent auditor for Great Western Railway. He developed the standards for accounts keeping system in the railways and hotels industry, which was adopted in Great Britain and internationally.[3]
In 1857, Thomas Greenwood became Deloitte's partner after contributing £800 in capital. The firm became Deloitte & Greenwood. In 1869, John George Griffiths joined the partnership and the firm was renamed Deloitte, Dever, Griffiths & Co. In 1880, Deloitte, Dever, and Griffiths served as the founders of Institute of Chartered Accountants in England and Wales firm after the Royal Charter mandated its incorporation. On the other hand, Philip S. Ross co-founded the first Accounting Society in North America. In 1880, the firm began to expand in the United States. Its first office was established in New York. By 1945, the company established offices in Cincinnati, Chicago and Montreal, Boston and Los Angeles. In 1897, Deloitte retired. [3]
In 1905, Deloitte, Dever, Griffiths & Co. became Deloitte, Plender, Griffiths & Company. Subsequently in 1952, the company merged with Haskins & Sells, an accounting firm based in New York City founded by Charles Waldo Haskins and Elijah Watt Sells in 1893. After the partnership agreement, the new company became Deloitte Haskins & Sells. [3]
In 1990, the company merged with Touche Ross and in 1993, the company re-branded its name to Deloitte Touche Tohmatsu, which was named after William Welch Deloitte, George Touche, and Admiral Nobuzo Tohmatsu. [4]
George Touche started his own accounting firm in London in 1898 and expanded its operations in United States by partnering with John Ballantine Niven in 1900. On the other hand, Admiral Nobuzo Tohmatsu became a partner in a foreign-affiliated accounting firm in Japan in 1952 and later in 1968 he established Tohmatsu & Co. with 10 partners. [3]
Services[edit | edit source]
Deloitte provides the following services: [5]
- Audit & Enterprise Risk Services
- Consulting
- Financial Advisory Services
- Tax
- Deloitte Growth Enterprise Services
- Featured Services which include Chinese Services Group, Sustainability & Climate Change, Deloitte Analytics, Driving Enterprise Value, Finance Transformation, Governance and Risk Management, International Financial Reporting Standards Services (IFRS), Japanese Services Group, Mass Career Customization, Merger & Acquisition and others.
Application for .Deloitte Brand gTLD[edit | edit source]
In April 2012, Deloitte confirmed its application for the .deloitte Brand gTLD with Internet Corporation for Assigned Names and Numbers. According to Larry Quinlan, Chief Information Officer, the company's decision to apply for their own TLD will help improve and protect the company's brand. He said, "With the rollout of the TLD, Deloitte member firms will continue as industry leaders in providing clients and people with world-class IT security." [6]