IT.

It operates as a network of member firms which are structured as separate legal entities in a partnership, which has 395,442 employees in over 700 offices in more than 150 countries around the world.[5] The firm's current partnership was formed in 1989 by a merger of two accounting firms; until a rebranding campaign officially changed its name to current name in 2013,[11] although this initialism was already used informally prior to its sanctioning adoption.