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.
The Big Four firms hold 39.5% of the total registrant clients in the analysis.
The Big Four hold a sizable share , auditing no less than 47.9% of the registrants, in each of three categories (large accelerated filers, accelerated filers and non-accelerated filers) of the four categories (large accelerated filers, accelerated filers, small reporting companies and non-accelerated filers) that make up the total registrant number.
The only category the Big Four firms combine to hold less than 47.9% of the registrants in is the small reporting company category. In that category they hold less than 5%, 4.3% to be more precise.
There are 101 firms in the ranking of the leading auditors of SEC registrant companies because of a three-way tie at No. 99.
The 101 firms that comprise the leading registrant auditors 2012 Leading SEC Registrant Auditors, hold 83.9% of the 7,966 registrants covered in the analysis.
The 15 firms included in ANR’s National Firm Analysis combine to audit 4,174 registrants. ANR’s National Firms audit 52.4% of the 7,966 registrants covered in the analysis.
The 7,966 registrants included in the analysis are audited by a total of 499 firms.
On an individual-firm basis, Ernst & Young holds the top spot in number of overall registrants with 1,017. The firm took the No. 1 spot in number of registrants in three categories: large accelerated filers, accelerated filers, and non-accelerated filers. The only category the firm did not place No. 1 in was small reporting companies. PwC had the second most registrants, 414, in the large accelerated filer category. KPMG had the second most registrants in the accelerated category, 246. PwC finished a close second behind E&Y in the non-accelerated filer category with 120 registrants.
MaloneBailey boasted the top registrant count in the small reporting company category with 122. Grant Thornton, the non-Big Four firm firm with most overall registrants, ranked No. 2 in the small reporting company category with 100 registrants audited.
This is an excerpt of the story that was published in the April 6, 2012 issue of Accounting News Report.
The published story had charts with overall rankings by registrants, rankings by registrant categories and market share charts for selected peer groups.
For more information on Accounting News Report: contact Jonathan Hamilton 702-283-9985.