Two of the ‘Big Four’ accounting firms leave Russia

By AP 7 March 2022, 2:06 am

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Two of the so-called Big Four accounting firms are pulling out of Russia over its invasion of Ukraine.

KPMG and PricewaterhouseCoopers both say they will end their relationships with their Russia-based member firms. KPMG said it was also pulling out of Belarus.

KPMG International says in a statement it will be “incredibly difficult” to have its Russia and Belarus firms leave the network. KPMG has more than 4,500 employees in the two countries.

PricewaterhouseCoopers says it has 3,700 employees at its PwC Russia firm and is working on an “orderly transition” for the business.

The two other Big Four companies – Deloitte and Ernst & Young – didn’t immediately return Associated Press requests for comment.