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Deloitte, Touche, Tohmatsu. The name of this world-known auditing company − Deloitte, Tou-
The name of this world-known auditing company − Deloitte, Tou-
che, Tohmatsu − owes its existence to its founders who, from the very
start of their careers, realized the importance of world-wide practice.
The history of the company can be traced through their names: Deloitte,
Deloitte. William Welch Deloitte was one of the fathers of accoun-
tancy. He came from a rich French family who had to leave France dur-
ing the Revolution. He began learning business at the age of 15 working
as an assistant to the Official Assignee at the Bankruptcy Court in the
City of London. At that time accountancy profession grew from its early
days in the business of sorting out the affairs of bankrupts. At the age
of 25 Deloitte opened his own office opposite the Bankruptcy Court in
London. He was the first independent auditor in Britain. He made his
name with the industry of the day – the railways. In 1849 he discovered
frauds on the Great North Railway and invented a system of accounts
to protect investors from mismanagement of their funds. His reputation
as a professional accountant was rather high. Some years later he be-
came president of the newly created Institute of Chartered Accountants
in Britain. In 1893 he opened offices in the United States and began to
audit different businesses.
Touche. George Touche came from Scotland, and when he qualified
as an accountant in Edinburgh, there was no e at the end of his name.
It was Touch and was pronounced in the same way as the Scottish loch.
But since it was often mispronounced he decided to change it later. In
1883 he graduated from Edinburgh University and set off to the south
to seek his fortune. Investment trust business was experiencing a boom,
and that gave him a chance for making a career in this field. He took
up saving businesses from financial disasters which were very frequent
in those days because investment trust business was quite new. George
Touche had a lot of clients and had to work very hard. Soon he earned
a very good reputation for a true flair for his business and honesty. In 1899
he started his own business ‘George A. Touche and Co’. In 1900, he and
John Niven set up the firm of Touche, Niven and Co in New York. Many
large companies of both in the US and Britain became his clients. His
company enjoyed high reputation and popularity among businessmen.
Tohmatsu. The Japanese company of Tohmatsu owes its origin to
Admiral Nobuzo Tohmatsu. He started his career as a naval attache at
the London Embassy. At that time he was also an instructor at the Na-
val Academy. Many of his students were talented people taking interest
in economics. Tohmatsu took an interest for accounting. He qualified
as a certified public accountant at the age of 57. After that he became
president of the Japanese Institute of CPAs. At that time Japanese gov-
ernment wanted to establish national audit firms. Tohmatsu, together
with one of his students decided to respond to the challenge. So in 1968,
Tohmatsu and Co was incorporated. From the very beginning this com-
pany was internationally focused. It was not surprising, that it merged
with another globally focused company Deloitte & Touche.
Today Deloitte Touche Tohmatsu is one of the largest auditing com-
panies of the world. It provides their clients with efficient consultative
services wherever they are.
Date: 2015-12-13; view: 186; Нарушение авторских прав