Audit Opinion

BIG 4 AUDITING FIRMS-INTERNATIONAL & Local

1.) Deloitte Touche Tohmatsu limited

A. Founders and Year of Formation

Founder: William Welch Deloitte

Founded: London, England, U.K.(1845)

B. Controversies and Difficulties that has faced

Canadian Bar Association – In September 2003, Deloitte provided a report to the CBA that motor vehicle accident insurance claims for bodily injury had been declining since 1999 when taking inflation into account, which refuted the government's and industry's argument that general damages for soft-tissue injury had to be capped at $4,000. Within hours of release, a member of Deloitte was communicating with Insurance Bureau of Canada without the knowledge of CBA (their client) and providing confidential information. The Institute of Chartered Accountants of Alberta found Deloitte guilty of unprofessional conduct and fined the firm $40,000.

C. Mission and Vision

Vision: "To be the Standard of Excellence“

Mission: Deloitte's mission is to influence those activities through leadership, insight, expertise, problem-solving skills, and deep knowledge of our globalized marketplace. Doing so demands teamwork, working together across geographic, functional, and business borders.

This multifaceted, inclusive approach is, perhaps, our greatest strength. The people who represent Deloitte come from all corners of the globe, bringing a tremendous variety of skills and backgrounds. Yet, they function as one, aligned with our vision and shared values that are appreciated by clients and talent alike.

D. Services

- Audit - Tax

- Consulting - Financial Advisory

- Enterprise Risk

E. Clients

F. Offices and Partners Company

* In 1845, William Welch Deloitte opened an office in Basinghall Street in London.

* In 1898, George Touche established an office in London and then, in 1900, joined John Ballantine Niven in...