William Welch Deloitte

At the age of 15, he became an assistant to the Official Assignee at the Bankruptcy Court in the City of London, where he learned the accounting business.

[1] At the age of 25, Deloitte opened his own office opposite the Bankruptcy Court in Basinghall Street.

[1] He discovered fraud perpetrated on the Great Northern Railway by Leopold Redpath,[2] invented a system for railway accounts that protected investors from mismanagement of funds, and was to become the grand old man of the profession.

[3] He served as president of the newly created Institute of Chartered Accountants between 1888 and 1889.

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