Let’s first look at the state where our constitution was drafted. There are 16 S&P 500 companies with their headquarters in PA. Kraft Heinz is one which has HQ in Chicago and Pittsburgh. Looking at the audit fees paid by these companies, PwC takes a nice share with 37% followed by EY with 27%, Deloitte with 25%, and KPMG with 10%. For my friends who like to see data in tables, here you go.
The table below will show PwC, Deloitte, EY, and KPMG clients in Philadelphia.
| Auditor | # of companies audited | Total fees ($M) | % |
|---|---|---|---|
| Deloitte | 4 | 46.86 | 25% |
| PwC | 6 | 68.38 | 37% |
| KPMG | 1 | 19.39 | 10% |
| EY | 5 | 50.26 | 27% |
The lone client for KPMG is FMC Corporation. Interested in seeing more data? Here you go. Here is the details for folks who want to audit these numbers:
| Security | Headquarters Location | Auditor | Total |
|---|---|---|---|
| Comcast Corp. | Philadelphia, Pennsylvania | Deloitte | 30.30 |
| PNC Financial Services | Pittsburgh, Pennsylvania | PwC | 24.50 |
| FMC Corporation | Philadelphia, Pennsylvania | KPMG | 19.39 |
| Kraft Heinz Co | Chicago, Illinois; Pittsburgh, Pennsylvania | PwC | 15.76 |
| Lincoln National | Radnor, Pennsylvania | EY | 14.11 |
| PPG Industries | Pittsburgh, Pennsylvania | PwC | 14.10 |
| Wabtec Corporation | Wilmerding, Pennsylvania | EY | 11.13 |
| AmerisourceBergen Corp | Chesterbrook, Pennsylvania | EY | 10.26 |
| AMETEK Inc. | Berwyn, Pennsylvania | EY | 9.57 |
| PPL Corp. | Allentown, Pennsylvania | Deloitte | 8.28 |
| Teleflex | Wayne, Pennsylvania | PwC | 7.07 |
| Air Products & Chemicals Inc | Allentown, Pennsylvania | Deloitte | 5.90 |
| The Hershey Company | Hershey, Pennsylvania | EY | 5.19 |
| Universal Health Services, Inc. | King of Prussia, Pennsylvania | PwC | 4.25 |
| West Pharmaceutical Services | Exton, Pennsylvania | PwC | 2.70 |
| ANSYS | Canonsburg, Pennsylvania | Deloitte | 2.38 |
The biggest client for Deloitte in the region is Comcast Corporation, the cable & satellite giant. For PwC, the biggest client located in PA is PNC Financial Services, a regional bank. For EY, the biggest audit client is Lincoln National, an insurance company.
Look into our blog post for the overall listing of big 4 accounting firms and their respective S&P 500 audit clients. 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.
