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.

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