It was another quiet quarter in terms of SEC-client auditor changes. KPMG brought in four new SEC clients, the most for Q4 of 2016. Crowe Horwath and RSM US were the only firms to see a net increase in SEC clients this quarter. Both Crowe Horwath and RSM US had two wins, for a net gain of two and one, respectively.
The table below presents a comprehensive view of the gains and losses of the major global and national firms. It shows how many SEC audit clients each auditor gained or lost, and also the auditor from or to which the client was won or lost.
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The most activity for Q4 was seen among the Smaller Reporting Companies. AMC Auditing had 23 wins and 1 loss for a net of 22 new clients. The new clients came from the acquisition of Seale & Beers in the fall, as noted by Accounting Today. Fruci & Associates gained 10 new clients from George Stewart CPA, netting a total of 14 new clients.
Audit Analytics tracks audit fees, auditor changes, restatements, and a wide range of audit and regulatory disclosures, with the ability to create daily email alerts for new disclosures by industry, auditor, location, and more. In addition to these and many other databases, we also offer qualitative red flag alerts for due diligence and risk assessment. Please contact Audit Analytics for an online demonstration or to learn more about these data sets. You can call us at (508) 476-7007 or e-mail info@auditanalytics.com.