If success is found at the intersection of opportunity and planning, Grant Thornton has to like their positioning after officially closing a deal to bring 272 partners and professionals from LECG on board earlier this month.
In searching for a reason to explain Ernst & Young’s Q1 2011 overall first place finish in ANR’s auditor change rankings you don’t need to look much further than the fact the firm won three engagements in excess of $1 billion in annual revenue, while only one other $1 billion pus engagement traded hands in the quarter.
ANR’s auditor change analysis is based on quarterly SEC auditor change data compiled by AuditAnalytics.com.
Combined revenue for the 13 national firms in ANR’s 2011 National Firm analysis fell, but at least the decline appears to be easing up for the select group of firms.
The nine PCAOB annual inspection firms audit more than 50% of the SEC registrant clients in the 2011 SEC registrant auditor analysis by AuditAnalytics.com and Accounting News Report. The select group of firms holds 54.2% of the total SEC registrant clients in the analysis.
The PCAOB closed out the most active week in the panel’s history in terms of disciplining accounting firms and personnel, permanently revoking a firm’s registration, permanently barring its MP and barring a second partner for a period of five years.