competition    

 

 

Our Competition

How MaloneBailey Compares with Top 100 Accounting Firms that Perform Significant SEC Work

Current as of January 2010
                                                                       

We have two types of competitors - 'top 100' firms and the smaller local firms.

'Top 100' firms: at least three different accounting industry trade publications track who these are, and their membership changes annually because of an increase in accounting firm mergers as more firms jockey to become alternatives to Big 4 accounting firms to larger companies. Below we've listed the roughly 1/3 of 'Top 100' firms that have a more-than-insignificant SEC audit practice, to compare their SEC audit volume against ours. Only 8 of all of these firms actively seek SEC audits less than $150,000 in annual audit fees.

MaloneBailey, LLP specializes in auditing smaller SEC companies, so while our average audit size is smaller than the competition, these audits make up 70% 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 one of the largest SEC practices in the U.S. and still growing.                                  

   

 

Firm Annual Revenues
(per 2009 Acctg. Today)
Est. SEC
Audit Fees
(per latest
filings)
SEC Fees as % of Total Revenue
Average
SEC Fees Per
Client
*SEC Client Conut Incl. Reg. Statements
Audit Firm
           
PriceWaterhouseCoopers (National) $7,578,300,000 $3,458,000,000 46% $4,011,601 862
Ernst & Young (National) 8,232,100,000 2,770,000,000 34    2,417,103 1,146
Deloitte (National) 10,980,000,000 2,784,000,000 25    3,170,843 878
KPMG (National) 5,679,000,000 1,943,000,000 34    2,632,791 738
Grant Thornton (National) 1,210,340,000 243,000,000 20    727,545 334
BDO Seidman (National) 659,000,000 166,000,000 25    688,797 241
McGladrey & Pullen (Audit arm of H&R Block) (National) 1,467,640,000 47,000,000 3    370,079 127
Crowe Horwath (Midwest Regional) 493,000,000 43,000,000 9    349,593 123
Moss Adams (West Coast Regional) 336,000,000 21,000,000 6    350,000 60
UHY (Northeast Regional) 239,100,000 18,900,000 8    370,588 51
ParenteBeard (fka Beard Miller and Parente Randolph) (Philadelphia) 75,240,000 13,400,000 18    191,429 70
Burr, Pilger & Mayer (San Francisco) 56,500,000 13,000,000 23    371,429 35
Marcum (New York) 182,560,000 12,900,000 7    280,435 46
Eisner (New York) 123,470,000 11,500,000 9    348,485 33
BKD (Midwest Reginal) 358,000,000 11,300,000 3    240,426 47
J.H. Cohn (New York) 245,000,000 11,000,000 4    333,333 33
Hein & Associates (Denver & Texas) 50,700,000 10,800,000 21    234,783 46
Dixon Hughes (High Point, NC) 207,000,000 9,400,000 5    361,538 26
Amper, Politziner & Mattia (New York) 87,760,000 9,100,000 10    275,758 33
MaloneBailey, LLP (Houston & New York) 12,700,000 8,900,000 70    71,200 125
SingerLewak (Los Angeles) 37,400,000 8,700,000 23    362,500 24
Caturano & Company (fka Vitale & Caturano) (Boston) 67,100,000 7,200,000 11    276,923 26
MHM Mahoney Cohen (fka Mayer, Hoffman, McCann) - CBIZ (National) 545,780,000 6,750,000 1    270,000 25
Ehrhardt, Keefe, Steiner & Hottman (Denver) 52,810,000 6,700,000 13    257,692 26
Squar Milner Peterson Miranda & Williamson (Los Angeles) 35,000,000 6,440,000 18    230,000 28
Armanino McKenna (San Francisco) 73,270,000 6,050,000 8    672,222 9
Stonefield Josephson (Los Angeles) 35,000,000 5,800,000 17    341,176 17
Friedman (New York) 59,000,000 5,100,000 9    364,286 14
Baker Tilly Virchow, Krause (Minneapolis) 216,000,000 4,550,000 2    267,647 17
Cherry, Bekaert & Holland (Richmond, VA) 86,650,000 4,500,000 5    214,286 21
Rothstein, Kass (New York) 167,000,000 4,400,000 3    176,000 25
Plante & Moran (Detroit) 291,900,000 4,200,000 1    175,000 24
Elliott Davis (Greenville, SC) 48,650,000 4,140,000 9    98,571 42
Eide Bailly (Midwest Regional) 117,970,000 2,770,000 2    102,593 27
Schneider Downs (Pittsburgh) 51,860,000 2,630,000 5    526,000 5
Whitley Penn (Ft. Worth, TX) 32,600,000 2,450,000 8    153,125 16

This data was compiled by MaloneBailey, LLP using the AuditAnalytics.com subscription service. "Per AuditAnalytics.com, a subsidiary of Ives, Inc."

*Number of SEC clients includes only companies that filed their last periodic report no earlier than July 2009.

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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