What do you mean by the four big orders?

The so-called "four big bills" refer to the statements of the four major international accounting firms. They are PricewaterhouseCoopers, Deloitte, Ernst & Young and KPMG. These four international accounting firms are known as the top accounting firms in the world, and their reporting forms are also trusted and recognized by the international market. In terms of corporate financial reporting, the appearance of the four orders can greatly improve the trust and transparency of investors and promote the healthy development of the capital market.

The four major orders are not only favored in the international market, but also have extensive influence in China. Many listed companies in China will choose the four major accounting firms to audit and prepare financial reports. As a bridge between domestic and foreign capital markets, the four major orders have become an important tool for China enterprises to internationalize, which is of great significance for promoting the integration of China's capital market with the international market.

Although the appearance of "Four Big Orders" can effectively improve the transparency and credibility of corporate financial reports, there are still some problems. For example, in recent years, the four major accounting firms have been constantly complained and questioned by enterprises because of their strict auditing standards and high cost. In addition, in some financial scandals and corporate crises, the four major decrees were also accused of failing to perform their due duties. Therefore, the application of "four orders" needs to be improved and perfected continuously to better serve enterprises and society.