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In which year did the Big Four become the dominant players in the professional services market?
1989
1998
2002
2004
Answer
The Big Four became the dominant players in the professional services market in 2002, following the collapse of Arthur Andersen due to its involvement in the Enron and WorldCom scandals. The remaining four firms—Deloitte, EY, KPMG, and PwC—continue to dominate the market today.
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