enthusiast, Author at Big4 by the numbers

Who are Deloitte’s largest clients?

by enthusiastAugust 15, 2020May 7, 2022Deloitte

The most frequently searched question for all Big4s are who are their largest audit clients. In the previous blog we looked into how Deloitte stacks in regard to audit clients versus the total S&P 500 Companies. Below is a scatterplot showing the audit fee distribution of Deloitte clients in the US.

Here is the list of top 25 clients of Deloitte in terms of total fees in millions. The financials and information technology sectors are the major contributors in terms of fees for Deloitte. These 25 clients together contribute $778 million in audit fees for Deloitte. Total revenue for Deloitte US from Audit and Enterprise Risk Solutions for FY 2020 was $6.3 billion. Deloitte’s biggest audit client in the US is MetLife Inc. which pays an audit fee of $83.20 million. Microsoft Corp. and Morgan Stanley are the second and third biggest client of Deloitte audit respectively.

Company	Audit Fees	Audit related	Tax	Other Fees	Total fees
MetLife Inc.	63.40	8.30	3.10	8.40	83.20
Microsoft Corp.	41.44	14.45	2.24	0.15	58.28
Morgan Stanley	50.60	4.80	0.90	0	56.30
Berkshire Hathaway	46.70	1.90	0.40	0	49.00
DXC Technology	27.00	17.00	2.00	1.00	47.00
Dow Inc.	25.14	4.44	2.78	0	32.36
Boeing Company	31.10	0.50	0	0.10	31.70
Procter & Gamble	28.45	1.8	0.46	0.38	31.1
Comcast Corp.	28.00	1.50	0.70	0.10	30.30
Bristol-Myers Squibb	16.70	2.20	10.00	0.10	29.00
McKesson Corp.	19.10	5.14	0.27	2.00	26.51
United Health Group Inc.	20.24	3.26	2.41	0.10	26.00
International Paper	15.77	3.67	5.54	0.08	25.06
Marsh & McLennan	20.05	2.05	2.44	0.01	24.54
BlackRock	18.36	3.89	1.43	0.77	24.45
Honeywell Int'l Inc.	17.88	5.64	0	0	23.52
Deere & Co.	20.05	1.03	1.06	0	22.13
Walgreens Boots Alliance	12.84	0.6	8.1	0.58	22.11
Ingersoll Rand	4.35	6.84	3.47	7.04	21.69
Coty, Inc	11.57	0.38	9.59	0.05	21.58
Loews Corp.	20.01	0.73	0.03	0.02	20.79
United Parcel Service	16.46	1.27	0.63	0	18.36
Northrop Grumman	17.89	0	0.47	0	18.36
Willis Towers Watson	15.82	1.60	0.26	0.06	17.74
Southern Company	15.08	2.07	0	0.07	17.23

Do read our posts on Deloitte’s audit clients across the various US States and their corresponding Audit Fees. Subscribe to our posts for information on Big4 firms. If there is some data point that you would like us to analyze, just drop in a comment. We are starting a new blogpost to collect the salary data to help all current and prospective employees of accounting firms. So if interested, update the form and results will be published soon.

Deloitte audit clients

by enthusiastAugust 15, 2020June 27, 2021Deloitte

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Deloitte is one of the biggest audit firms in the world. They operate through a network of firms across the world. Deloitte’s market segments include (1) Private Companies (2) Private Equity (3) Audit services for startups and (4) Industries. Take a read on Deloitte Omnia, the global audit platform which delivers the Deloitte’s audit experience.

A closer look at Deloitte’s audit clients within S&P 500 companies. Deloitte’s biggest market share is within the Utilities sector where it audits 57% of the companies within that sector. The biggest names in the Utilities space audited by Deloitte are Southern Company and Duke Energy. In dollar terms, Deloitte’s biggest audit fees is from Metlife Inc. which brings in $83 million in fees followed by Microsoft Corporation which pays Deloitte $58 million.

The below chart shows Deloitte’s share of major US audit clients spread across the different Industry sectors:

GICS Sector	Deloitte # clients	Total Industry (#)	%	Deloitte fees ($ M)	Total Industry ($ M)	%
Financials	17	66	26%	355.28	1438.89	25%
Health Care	6	61	10%	98.93	848.32	12%
Information Technology	14	71	20%	203.16	841.72	24%
Industrials	16	69	23%	202.59	876.49	23%
Materials	4	28	14%	66.53	393.82	17%
Consumer Discretionary	14	62	23%	88.51	568.64	16%
Communication Services	1	22	5%	30.3	471.79	6%
Energy	1	26	4%	3.58	297.39	1%
Consumer Staples	6	33	18%	96.26	425.49	23%
Utilities	16	28	57%	136.76	263.4	52%
Real Estate	4	31	13%	29.06	141.17	21%
Grand Total	99	497		1310.94	6567.13

Tagged : Deloitte / deloitte atlanta / deloitte boston / deloitte chicago / deloitte clients / deloitte new york / deloitte seattle

8/15/20 – Auditor changes

by enthusiastAugust 15, 2020Uncategorized

Another quiet week for auditor changes. One big change is that Deloitte lost the audit of Century Casinos to Grant Thornton. This audit bought in a total fee of $1.6 million in 2019 for Deloitte. Probably the COVID-19 uncertainty prompted Century Casinos to look for lower options.

Company	Old Auditor	New Auditor	Nature of change	Total Fee Previous Auditor (‘000) $
New Momentum Corporation	Centurion ZD	Total Asia Associates	Dismissal
Delmar Bancorp	TGM Group	YHB	Dismissal
Century Casinos Inc.	Deloitte	GT	Dismissal	1,570
Luduson G Inc.	KR PC	Total Asia Associates	Resignation

Auditor changes

Tagged : auditor carousel / Auditor Changes / auditor changes in august / going concern

Who are EY’s largest clients?

by enthusiastAugust 8, 2020June 26, 2021EY

Home » Archives for enthusiast » Page 6

The most frequently searched question for all Big4s are who are their largest clients. In the previous blog we looked into how EY stacks in regard to audit clients versus the total S&P 500 Companies. Below is a scatterplot showing the audit fee distribution of EY clients in the US.

Here is the list of top 25 clients of EY in terms of total fees in millions. The communication services and information technology sectors are the major contributor in terms of audit fees for EY. These 25 clients together contribute $757 million in audit fees for EY. EY total audit revenue from their US Operations is $4.4 Billion.

Company	Audit Fees	Audit related fees	Tax	Other Fees	Total fees
AT&T Inc.	52.10	5.50	9.50	0	67.10
Verizon Communications	39.00	8.00	3.90	0	50.90
Coca-Cola Company	29.70	2.09	6.29	0.27	38.35
Danaher Corp.	25.46	0.32	9.91	0	35.68
FedEx Corporation	30.81	1.58	2.75	0.52	35.66
State Street Corp.	14.20	15.20	5.80	0	35.20
CVS Health	25.11	6.17	2.19	0.08	33.54
Oracle Corp.	26.52	2.12	3.81	0	32.45
Abbott Laboratories	23.96	1.03	6.67	0.15	31.81
General Motors	22.00	5.00	3.00	0	30.00
Alphabet Inc. (Class A)	20.11	7.19	1.94	0.61	29.85
Eaton Corporation	19.00	6.10	4.30	0	29.40
Walmart	25.92	1.10	0.70	0.03	27.75
Genuine Parts	15.60	4.70	6.20	0	26.50
U.S. Bancorp	12.60	6.20	6.80	0.80	26.40
Amazon.com Inc.	22.49	2.97	0	0.18	25.63
Lockheed Martin Corp.	22.78	0.18	2.3	0.02	25.27
Fortive Corp	11.47	6.58	5.90	0	23.95
Archer-Daniels-Midland Co	17.15	2.57	2.45	0.32	22.49
Facebook, Inc.	13.27	0.58	8.48	0.01	22.34
News Corp. Class A	18.06	0.48	3.21	0.38	22.13
Apple Inc.	17.21	0.94	3.02	0.12	21.28
HP Inc.	15.90	2.40	2.90	0	21.20
Becton Dickinson	19.43	0.41	1.29	0.01	21.14
WestRock	16.55	0.03	4.56	0	21.13

Do read our posts on EY’s audit clients across the various US States and their corresponding Audit Fees. Subscribe to our posts for information on Big4 firms. If there is some data point that you would like us to analyze, just drop in a comment.

Tagged : ey atlanta / ey chicago / ey clients / EY dallas / ey new york

EY audit clients

by enthusiastAugust 7, 2020May 7, 2022EY

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EY is one of the biggest audit firms in the world. They operate through a network of firms across the world. The services under EY’s Assurance platform include (1) Audit (2) Audit Quality (3) EY Digital Audit (4) Financial Accounting Advisory Services (5) Forensic & Integrity Services (6) Climate Change and Sustainability Services (7) EY Reporting (8) Sustainable impact hub.

Looking closer at EY’s audit clients within S&P 500 companies, EY’s biggest market share is within the Communication services. EY audits 41% of the companies within the Communications sector. The biggest EY’s audit clients in the communication sector are AT&T, Verizon, Google, and Facebook. In dollar terms, EY’s biggest share is from the Healthcare sector which brings in $313 million in audit fees. The biggest client in healthcare sector is Danaher Corp.

GICS Sector	EY # clients	Total Industry (#)	%	EY fees ($ M)	Total Industry ($ M)	%
Financials	16	66	24%	211.027	1438.89	15%
Health Care	21	61	34%	313.29	848.32	37%
Information Technology	23	71	32%	243.45	841.72	29%
Industrials	27	69	39%	273.15	876.49	31%
Materials	4	28	14%	57.19	393.82	15%
Consumer Discretionary	25	62	40%	237.56	568.64	42%
Communication Services	9	22	40%	227.56	471.80	48%
Energy	8	26	31%	73.32	297.39	25%
Consumer Staples	9	33	27%	125.01	425.49	29%
Utilities	2	28	7%	17.54	263.40	7%
Real Estate	12	31	39%	41.79	141.17	30%
Grand Total	156	497		1,820.88	6,567.13

In the next few posts, we’ll go over some of the largest clients of EY and their market presence in various sectors and States. We are starting a new blogpost to collect the salary data to help all current and prospective employees of accounting firms. So if interested, update the form and results will be published soon.

Tagged : ey atlanta / ey boston / EY california / ey chicago / ey clients / EY dallas / ey new york

8/7/2020 Auditor changes

by enthusiastAugust 7, 2020Uncategorized

Relatively a quiet week in regard to auditor changes. BDO gained a client due to merger with another CPA firm. Here are the details:

Company	Old Auditor	New Auditor	Nature of change
Lux Amber Corp	–	Whitley Penn	Appointment
Altair International Corp	Gillespie	Jorgensen & Co	Resignation
Odyssey Group International	PBTK	BDO	Merger of firms
ABCO Energy Inc.	–	Slack	Appointment
Alpha Investment Inc.	Assurance Dimensions	Turner Stone	Resignation
Postads Inc.	Salberg	M&K	Dismissal

Auditor changes August 2020

Tagged : Auditor Changes

PwC audit clients in the US

by enthusiastAugust 1, 2020May 7, 2022PwC

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PwC is one of the biggest audit firms in the world. They operate through a network of firms across the world. PwC recently reorganized its assurance and tax services as “Trust Solutions.” The services under Trust solutions for PwC are (1) Financial Statement Audit (2) ESG Reporting Services (3) Tax Services (4) Digital Assurance and Transparency (5) PwC Private (6) Governance Insights Center.

A closer look at PwC’s audit clients within S&P 500 companies. PwC’s biggest market share is within the Materials industry where it audits 54% of the companies in this market. Followed by Healthcare and Energy where PwC audits 43% and 35% of the total companies. In dollar terms, the largest share of fees for PwC comes from the Financial sector, $585 million. One sector where PwC lags is the Real Estate market where it audits only 13% of the companies in this sector. In the next few posts, we’ll go over some of the largest audit clients of PwC and their market presence in various sectors.

The below chart shows PwC’s share of major US audit clients spread across the different Industry sectors

GICS Sector	PwC # clients	Total Industry (#)	%	PwC audit fees ($ M)	Total Industry audit fees ($ M)	%
Financials	19	66	29%	585.19	1438.89	41%
Health Care	26	61	43%	335.71	848.32	40%
Information Technology	20	71	28%	279.52	841.72	33%
Industrials	17	69	25%	253.68	876.49	29%
Materials	15	28	54%	229.12	393.82	58%
Consumer Discretionary	15	62	24%	199.56	568.64	35%
Communication Services	7	22	32%	153.34	471.79	33%
Energy	9	26	35%	144.59	297.39	49%
Consumer Staples	11	33	33%	127.75	425.49	30%
Utilities	9	28	32%	98.19	263.40	37%
Real Estate	4	31	12%	18.47	141.17	13%
Grand Total	152	497		2,425.11	6567.13

Do read our posts on PwC’s audit clients across the various US States and their corresponding Audit Fees. Subscribe to our posts for information on Big4 firms. If there is some data point that you would like us to analyze, just drop in a comment. We are starting a new blogpost to collect the salary data to help all current and prospective employees of accounting firms. So if interested, update the form and results will be published soon.

Tagged : PwC / pwc careers / pwc clients

7/31/20 Auditor changes

by enthusiastJuly 31, 2020Uncategorized

Pretty uneventful week. Only two auditor changes for this week. EY lost an audit client which bought in $574K in fees last year to DHG.

Company	Old Auditor	New Auditor	Nature of change	Total Fee Previous Auditor (‘000) $
Galaxy Gaming Inc	PBTK	BDO	Merger of firms
Kewaunee Scientific Corporation	EY	Dixon Hughes Goodman	Dismissal	574

7/31 week changes

Tagged : Auditor Changes / ey clients

US Audit clients in Switzerland, Netherlands and Bermuda

by enthusiastJuly 26, 2020June 26, 2021Deloitte / EY / KPMG / PwC

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Check out our earlier blogposts on the Big4 accounting firms and their audit clients across the various states in the US. The last grouping is US S&P 500 Companies with headquarters located outside the US. PwC audits most of these companies. The largest among them is Chubb Limited which pays PwC an audit fee of $28.73 million.

Company	Headquarters Location	Auditor	Total ($ million)
Chubb Limited	Zurich, Switzerland	PwC	28.73
Schlumberger Ltd.	Curaçao, Kingdom of the Netherlands	PwC	17.60
TE Connectivity Ltd.	Schaffhausen, Switzerland	Deloitte	12.22
LyondellBasell	Rotterdam, Netherlands	PwC	11.60
Mylan N.V.	Amsterdam, Netherlands	Deloitte	11.10
Everest Re Group Ltd.	Hamilton, Bermuda	PwC	6.29
Garmin Ltd.	Schaffhausen, Switzerland	EY	3.19

Check out our other blogposts for a listing of the top 25 clients of PwC, Deloitte, EY, and KPMG in the US. Subscribe to our posts for up to date information on Big4 firms and if there is some data point that you would like us to analyze, just drop in a comment.

Tagged : big4 clients / deloitte clients / ey clients / kpmg clients / pwc clients