Q4’13 Big4 Auditor Change Summary

The fourth quarter of 2013 is in the books. Here’s a breakdown of Big4 auditor client gains and losses during the September – December period. Note that this only takes into account SEC registrants.

Starting with the losses:

Auditor Number of engagements lost*
Ernst & Young LLP 15
PricewaterhouseCoopers LLP 4
Deloitte & Touche LLP 3

* includes instances where auditors were dismissed, as well as resignations.

Of EY’s losses, seven went to rival KPMG.  And speaking of KPMG, only one of their seven losses went to another Big4 firm. The other six chose smaller firms.

Now for the client gains:

Auditor Number of new engagements
Deloitte & Touche LLP 7
Ernst & Young LLP 2
PricewaterhouseCoopers LLP 1

In terms of gross numbers, KPMG had the most wins, but on a net basis, both KPMG and Deloitte are +4 this quarter. PwC was net -3 clients and EY was net -13! Putting a positive spin on it, EY associates will be a little less busy this busy season.

That wraps up the Q4’2013 summary.  Stop by again soon and catch our regular weekly updates right here on the Big4 Auditor Carousel. For those who can’t wait for weekly updates or, heaven forbid, quarterly summaries, check us out on Twitter for intra-week updates.

Round and round and round…


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