KPMG Undisputed No. 1 Accounting Firm on Q1 M&A League Tables
KPMG left no doubt as to which Big Four firm was No. 1 among its peers in Thomson Reuters’ Q1 worldwide M&A financial advisory league tables.
The firm finished the first quarter of the year as the top accounting firm on the financial advisor league tables by value and in terms of deal volume.
KPMG advised on approximately $7.2 billion worth of deals for the time frame and also came out on top in terms of deal volume, participating in 41 deals during the January through March time period.
It should not be a surprise KPMG is at the top of the league tables, among accounting firms, once again.
In Q1 2011 the firm pulled off a "sweep" with the revised figures provided by Thomson Reuters.
The firm has been a regular fixture at the top of the full year league tables among the accounting firms, owning or sharing the No. 1 spot, for calendar years 2011 and 2010.
KPMG and Ernst & Young forged a split decision in terms of ranking accounting firms on Thomson Reuters’ 2011 worldwide M&A financial advisory league table. Ernst & Young finished the full calendar year as the top accounting firm on the financial advisor league tables by value; while KPMG led the accounting profession’s largest firms in terms of deal volume for 2011.
KPMG was the undisputed champ on the 2010 M&A financial advisory league tables.
Worldwide M&A activity totaled slightly less than $500 billion in value, approximately$499.98 billion to be more precise, for Q1 2012 on 8,882 deals, according to Thomson Reuters.
The Big Four firms advised in approximately 1.6% of the total deals for the January through March time frame.
Worldwide M&A activity totaled more than $737.68 billion in value for Q1 2011 on 10,729 deals.
The Big Four firms advised in approximately 3.2% of the total deals for the January through March time frame, according to revised Q1 2011 figures provided by Thomson Reuters.
For calendar year 2011 the Big Four firms served as financial advisor in approximately 3% of the 41,807 M&A deals included in the analysis by Thomson
Reuters. Worldwide M&A activity for 2011 totaled approximately $2.56 trillion in value.
Big Four firms served as financial advisor in approximately 3% of the 42,699 M&A deals in 2010. Worldwide M&A activity for 2010 totaled approximately $2.44 trillion in value.
This is an excerpt of the story that was published in the April 27, 2012 issue of Accounting News Report.
The published story had charts with Q1 2012 and Q1 2011 overall rankings along with calendar year 2011 an d2010 rankings.
For more information on Accounting News Report: contact Jonathan Hamilton 702-283-9985.
Leading SEC Registrant Auditors for 2012
The 12 largest auditors of SEC registrants (Ernst & Young/New York; PwC/New York; KPMG/New York; Deloitte/New York; Grant Thornton/Chicago; BDO USA/Chicago; McGladrey & Pullen/Minneapolis; MaloneBailey/Houston; Crowe Horwath/Oak Brook, Ill.; M&K/Houston; Marcum/Melville, N.Y. and De Joya Griffith & Co./Henderson, Nev.) audit more than half, 53.9%, of the SEC registrant clients, according to the 2012 SEC registrant auditor analysis by AuditAnalytics.com and ANR.
KPMG Takes Q1 Auditor Change Crown
KPMG started 2012 off much like they finished 2011: on top of ANR’s SEC auditor change rankings.
The firm finished in first place in ANR’s analysis of the first quarter SEC auditor change data. In taking the top spot, the firm finished no lower than second in any of the five categories that make up the overall score.
Hard Day in Congress Spells Likely End to Auditor Rotation Discussion
"Mission Creep" replaced "Increased skepticism" as the "word of the day" and at the top of the latest list of buzzwords related to the auditor rotation discussion following a hearing held by the U.S. House Subcommittee on Capital Markets and Government Sponsored Enterprises centered on the PCAOB’s ongoing discussion of auditor rotation.
Big Four Snap Losing Streak
The Big Four firms broke the two-year “losing streak” related to the group's revenue growth rate.
The four largest accounting firms have an actual composite revenue growth rate for the group for FY11:
8.7%