Marcum Leads Pack Among Large Firms for New SEC Clients

By:
Chris Gaetano
Published Date:
Nov 5, 2019
marcum

New York City-based Marcum took the lead among all large firms in terms of new Securities and Exchange Commission audit clients, beating all Big Four firms as well as other major contenders, according to Accounting Today. On net, it boasted a total of eight new clients, edging out Deloitte, with seven, and then EY, BKD, Crowe and RSM US, which all gained one; all the other large firms on the list, in fact, had net losses.

Overall, however, the leader of the pack was Florida-based CPA firm Assurance Dimensions, which picked up nine new SEC clients on net in the third quarter of 2019. All of them were new engagements from smaller reporting companies. With regard to new large accelerated filers, the winner was a three-way tie among Crowe, Deloitte, and Eide Baily, all of which picked up one. 

When it came to new market capitalization audited, PwC came out the clear winner, with $5.5 billion, nearly twice that of the second runner up, Deloitte, with $2.8 billion. But in terms of fees, Deloitte came out on top, with $8.6 million worth of new audit fees, and PwC took second place, with $7.1 million. 

Eide Baily, meanwhile, took the lead in most new assets audited: $13.78 billion. 

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