quoted audit client barrier
KPMG UK breaks through the 400 quoted audit client
KPMG UK has consolidated its position as the auditor of the most
listed companies in the UK, according to financial information
Its second-quarter rankings guide, which covers the three months
to 7 August 2007, shows that KPMG added 22 quoted company audit
clients during the period to bring its total to 416.
By comparison, PricewaterhouseCoopers UK (PwC) added seven for a
total of 391; Deloitte UK added 21 for a total of 346; and Ernst
& Young UK (E&Y) added 18 for a total of 344. Grant
Thornton UK headed up the mid-tier – its merger with RSM Robson
Rhodes boosting its total number of listed company audit clients by
86 to 288.
PwC audited almost twice as many FTSE 100 clients than any other
firm, picking up one new client for a total of 40. Deloitte picked
up two clients for a total of 21 to leave it level pegging with
KPMG, which lost two clients in this market. E&Y remained
steady with 19 FTSE 100 clients.
PwC also dominated the audits of FTSE 250 clients, despite dropping
four clients for a total of 72. Deloitte came in second, picking up
four clients for a total of 67. KPMG remained steady on 57; E&Y
dropped one for a total of 44; BDO Stoy Hayward remained steady on
Grant Thornton strengthened its lead in terms of auditing
Alternative Investment Market-listed (AIM) companies, picking up 43
for a total of 213.
It was on the AIM that KPMG recorded the majority of its growth,
picking up 18 new clients for a total of 187. The firm told
IAB the implementation of IFRS for AIM companies was a big
impetus behind this growth.
BDO picked up two new AIM clients for a total of 141; Deloitte
added 11 for a total of 128; and PwC added eight for 122.