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How M&B Compares with Top 100 Accounting Firms that Perform Significant SEC work
Current as of May 2008
The table below represents the largest accounting firms in the United States and Canada ranked by the fee volume of audits and other work performed for publicly-owned companies traded on a United States stock exchange.
At Malone & Bailey, PC, we specialize in auditing smaller SEC companies, so while our average audit size is smaller than the competition, these audits make up 85% of our practice. This niche focus has enabled us to develop a thorough understanding of small public company audit complexities and offer high quality and efficient audits. Our commitment to deliver small public company audit services has enabled our practice to become the 20th largest SEC practice in the U.S. – and still growing.
| Audit Firm |
Firm Annual Revenues (per
2008 inside Publ Acctg.)
|
Est. SEC
Audit
Fees
(per
latest
filings)
|
SEC
Fees
as
%
of
Total Revenue |
.......
Average
SEC Fees
Per Client |
SEC Client
Count
Incl. Reg. Statements
|
| PriceWaterhouseCoopers (National) |
7,464,000,000 |
4,904,000,000 |
66% |
4,462,238 |
1,099 |
| Ernst & Young (National) |
7,561,000,000 |
4,304,000,000 |
57% |
2,925,901 |
1,471 |
| Deloitte & Touche (National) |
9,850,000,000 |
3,795,000,000 |
39% |
3,468,921 |
1,094 |
| KPMG (National) |
5,357,000,000 |
3,306,000,000 |
62% |
3,319,277 |
996 |
| Grant Thornton LLP (National) |
1,075,000,000 |
276,000,000 |
26% |
781,870 |
353 |
| BDO Seidman LLP (National) |
589,000,000 |
230,000,000 |
39% |
809,859 |
284 |
| McGladrey & Pullen LLP (Audit arm of H&R Block) (National) - includes 33 banks |
1,389,000,000 |
64,000,000 |
5% |
385,542 |
166 |
| Crowe Chizek & Company LLC (Indianapolis, Indiana) - includes 97 banks |
457,000,000 |
34,000,000 |
7% |
314,815 |
108 |
| UHY LLP (Chicago, Illinois) |
277,000,000 |
24,000,000 |
9% |
421,053 |
57 |
| Moss Adams LLP (Seattle, Washington) - includes 28 banks |
317,000,000 |
22,000,000 |
7% |
360,656 |
61 |
| Eisner LLP (New York, New York) |
105,000,000 |
22,000,000 |
21% |
415,094 |
53 |
| Marcum & Kliegman LLP (New York, New York) |
123,000,000 |
17,000,000 |
14% |
472,222 |
36 |
| Burr, Pilger & Mayer LLP (San Francisco, California) |
49,000,000 |
17,000,000 |
35% |
226,667 |
75 |
| Hein & Associates LLP (Denver, Colorado) |
49,000,000 |
16,000,000 |
33% |
246,154 |
65 |
| BMC (fka Beard Miller) (Philadelphia, Pennsylvania area) |
52,000,000 |
12,500,000 |
24% |
183,824 |
68 |
| BKD LLP (Baird Kurtz & Dobson LLP) (Kansas City, Missouri ) - includes 40 banks |
322,000,000 |
11,200,000 |
3% |
228,571 |
49 |
| J.H. Cohn LLP (New York, New York) |
215,000,000 |
11,100,000 |
5% |
426,923 |
26 |
| Singer Lewak Greenbaum & Goldstein LLP (Los Angeles, California) |
40,000,000 |
11,100,000 |
28% |
222,000 |
50 |
| Squar Milner Peterson Miranda & Williamson (Los Angeles, California) |
37,000,000 |
11,000,000 |
30% |
423,077 |
26 |
| Malone & Bailey, PC (Houston, Texas) |
11,700,000 |
9,900,000 |
85% |
79,200 |
125 |
| Amper, Politziner & Mattia, PA (New York, New York) |
72,000,000 |
9,300,000 |
13% |
265,714 |
35 |
| Dixon Hughes, PLLC (North Carolina) - includes 32 banks |
178,000,000 |
8,900,000 |
5% |
254,286 |
35 |
| Stonefield Josephson, Inc. (Los Angeles, California) |
37,000,000 |
8,100,000 |
22% |
352,174 |
23 |
| Ehrhardt, Keefe, Steiner & Hottman PC (Denver, Colorado) |
46,000,000 |
7,500,000 |
16% |
227,273 |
33 |
| Mayer Hoffman McCann - CBIZ (Cleveland, Ohio) |
501,000,000 |
7,400,000 |
1% |
284,615 |
26 |
| Vitale, Caturano & Company, Ltd. (Boston, Massachusetts) |
60,000,000 |
6,900,000 |
12% |
237,931 |
29 |
| Armanino McKenna (San Francisco, California ) |
66,000,000 |
6,000,000 |
9% |
400,000 |
15 |
| Friedman (New York, New York) |
51,000,000 |
6,000,000 |
12% |
750,000 |
8 |
| Virchow, Krause & Co. LLP (Minneapolis, Minnesota) |
202,000,000 |
5,800,000 |
3% |
223,077 |
26 |
| Rothstein, Kass & Co. (New York, New York) |
132,000,000 |
5,600,000 |
4% |
94,915 |
59 |
| Rachlin Cohen & Holtz, LLP (Miami, Florida) |
38,000,000 |
4,600,000 |
12% |
460,000 |
10 |
| Holtz Rubenstein Reminick (New York, New York) |
32,000,000 |
4,400,000 |
14% |
125,714 |
35 |
| Plante & Moran PLLC (Detroit, Michigan) - includes 19 banks |
271,000,000 |
4,100,000 |
2% |
178,261 |
23 |
| Elliott Davis & Company, LLP (South Carolina) - includes 38 banks |
38,000,000 |
4,000,000 |
11% |
95,238 |
42 |
| Mahoney Cohen & Co. (New York, New York) |
49,000,000 |
3,700,000 |
8% |
411,111 |
9 |
| Blackman Kallick Bartelstein (Chicago, Illinois) |
45,000,000 |
2,800,000 |
6% |
466,667 |
6 |
| Eide Bailly (North Dakota) |
103,000,000 |
2,500,000 |
2% |
178,571 |
14 |
| Carlin, Charron & Rosen (Boston, Massachusetts) |
30,000,000 |
2,300,000 |
8% |
127,778 |
18 |
The data above was compiled by Malone & Bailey, PC using the AuditAnalytics.com subscription service and from Inside Public Accounting newsletter for the accounting profession. Per AuditAnalytics.com, a subsidiary of Ives, Inc.:
*Number of SEC Clients includes only companies that have filed a periodic report after 11/01/07, including forms 10K/Q/SB and 20F, or an initial registration statement.
Deregistered companies have been subtracted out, as they are no longer publicly filing. Additionally, this analysis does not include entities classified as Funds or Trusts. Research is provided “as is” and does not constitute an offer or warranty for any of the companies described herein. No part of this document may be reproduced or transmitted in any form without the written consent of IVES Inc. All rights reserved worldwide. All research contained in this report is based on the premium research available via a subscription to AuditAnalytics.com AuditAnalytics.com is a premium on-line market intelligence service available from the IVES Group Inc. a leading research provider focused on the accounting, insurance, and investment communities. For information, call (508) 476-7007, email info@auditanalytics.com or visit www.auditanalytics.com.
IVES Inc. © 2007 9 Main Street, Suite 2b1 Manchaug, MA 01526 (508) 476-7007 info@auditanalytics.com www.auditanalytics.com
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