Day: February 20, 2021

2/20/21 – Auditor Changes

by enthusiastAuditor changes

EY gained 3 audits in the last two weeks followed by KPMG which gained 2 audits. Deloitte and PwC each gained 1 audit.

CompanyOld AuditorNew Auditor
Alliance Bioenergy Plus, Inc.ParitzPrager Metis CPA’s
Noble Midstream Partners LpKPMGPwC
Kiwa Bio-Tech Products Group CorpFriedmanJLKZ CPA
Cemtrex IncHaynieGrassi & CO
Bioplus Life Corp.Total Asia AssociatesJP Centurion & Partners
Ecco Auto World CorpTotal Asia AssociatesJP Centurion & Partners
Access-Power & Co., Inc.–BF Borgers
Fht Future Technology LtdTAAD LLPMaloneBailey
Folkup Development Inc.Fruci & AssociatesJP Centurion & Partners
Dswiss IncTotal Asia AssociatesJP Centurion & Partners
Century Cobalt Corp.Michael GillespieFruci & Associates
Artisan Consumer Goods, Inc.Michael GillespieBF Borgers
General Moly, IncPlante & Moran–
Lmp Automotive Holdings, Inc.GrassiKPMG
Ebix IncRSM–
Advent Technologies Holdings, Inc.MarcumEY
Nuvation Bio Inc.WithumKPMG
Butterfly Network, Inc.WithumDeloitte
Gemini Therapeutics, Inc.WithumEY
E2Open Parent Holdings, Inc.WithumEY
Metromile, Inc.Moss AdamGT
Plby Group, Inc.MarcumPrager Metis
Force Protection Video Equipment Corp.Assurance DimensionsRSMB
Auditor changes
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PCAOB Inspection reports

by enthusiastDeloitte / EY / KPMG / PwC

Consistent improvement by Deloitte, EY, and KPMG in their deficiency rate. However, an increasing deficiency rate noticed for PwC. Deloitte has the lowest deficiency rate of 10% for 2019 followed by EY and KPMG. PwC had the highest deficiency rate among the Big4 firms. We’ll have a post soon on the performance of other firms.

PCAOB inspection deficiency rates
Year201920182017
PwC30%25%24%
Deloitte10%12%20%
EY18%26%31%
KPMG29%37%50%

Interesting to note that PwC revised reports for three audits the most among big 4 firms. Probably shows the extent of influence they have over the clients. Check out the inspection report details for each of these firms in subsequent posts.

Do read our individual blogs on the Inspection reports for PwC, EY, KPMG, and Deloitte.