The Industrial Revolution which swept the Globe over the course of the nineteenth century prompted the Accounting profession to evolve from being strictly a means of record keeping to one on which business strategy could rely.

With the expansion of business, demand for Accounting services grew. Accordingly, small Accounting firms and partnerships merged forces and combined to create what eventually became known as the Big Eight Accounting Firms. In time, the Big Eight shrank to the Big Six, and then the Big Five, according to the following timeline:

-Price Waterhouse Coopers (PWC) –

-1849: Samuel Price and Edwin Waterhouse formed a partnership with William

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