Dossier
Big Four accounting firms
Coverage of Big Four accounting firms in the Nexus archive.
- ‘The brakes failed and they’ve crashed the car’: how the Big Four’s wheels fell off Down Under
Australian operations have become a recurring source of scandal and embarrassment for the Big Four accounting firms: KPMG, PwC, EY, and Deloitte.
- Tether is a $184 billion trust exercise and the trust has never been verified
Tether, a $184 billion stablecoin, has never been fully verified despite repeated promises of audits since 2014. Regulators found USDT was only 27.6% fully backed between 2016-2019, with reserves secretly loaned to Bitfinex. In 2026, Tether announced its first audit by a Big Four firm but refused to name the firm.