Tag: auditor carousel

10/30/20 – Auditor Changes

by enthusiastUncategorized

Bad two weeks for BDO as it lost 3 audit clients. KPMG and EY gains one audit client each while PwC lost one to GT.

CompanyOld AuditorNew Auditor
Sino-Global Shipping AmericaFriedman LLPAudit Alliance LLP
AGBA Acquisition LimitedMarcum LLPFriedman LLP
Amazing Energy Oil & GasDeCoria, Michel–
Lordstown Motors CorpWithumKPMG
Paya Holdings IncWithumEY
Rayont IncTotal AsiaJP Centurion
Sollensys CorpBF BorgersMaloneBailey
Migom Global CorpThayer O’NealJLKZ CPA
RTW Retailwinds IncBDO–
Odyssey GroupBDOTurner Stone LLP
Datasea IncMorisonPrager Metis CPA
Element Resources LtdPlante MoranBDO
Wellbit IncPwCGT
Youngevity International–MaloneBailey
National Presto IndustriesBDORSM
QDM InternationalBF BorgersZH CPA
Auditor changes
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10/17/20 – Auditor changes

by enthusiastUncategorized

Relatively a quiet week with no major changes in auditors.

CompanyOld AuditorNew Auditor
Thunder Energies CorpBF BorgersDaszkal Bolton
Magna Lab IncRBSMMichael T Studer
Franklin Wireless CorpHaskell & WhiteBenjamin & Ko
Rocky Mountain High BrandsPrager MetisM&K CPAs
Youngevity International IncMayer Hoffman–
Innocap IncMarcumBaker Tilly
Software Acquisition Group IncEYMarcum
Auditor changes 10/17/20

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10/9/20 – Auditor changes

by enthusiastUncategorized

KPMG and PwC gains one audit each while Deloitte loses one client. Interesting fact is that the gains and losses are from and to non-big 4 firms.

CompanyOld AuditorNew Auditor
Strattec Security CorporationDeloitteCrowe LLP
BioNexus Gene LabTotal AsiaJP Centurion
Daniels Corp. Advisory Co. IncThayer O’NealTPS Thayer
iFresh Inc.Friedman LLPWei, Wei LLP
Hyliion HoldingsWithumGT
Trendmaker Inc.Total AsiaJP Centurion
RenovaCareMarcumPKF O’Connor Davies
Monaker GroupThayer O’NealTPS Thayer
Salamander InnisbrookF&DCohnReznick
DynaResource IncWhitley PennArmanino
Eagle Bancorp IncDixon Hughes G–
Velodyne LidarWithumKPMG
Multiplan CorpMarcumPwC
Augmedix Inc.REMFrank Rimerman
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10/2/20 – Auditor changes

by enthusiastAuditor changes

Let’s look at the Auditor changes for the current week. KPMG gained two audit clients in the current period. Adicet Bio switched from PwC to KPMG in the current week. Adicet paid PwC $1.8 million in audit fees in FY 2019. Fubo TV switched to KPMG from Soldinger. Fubo TV paid KPMG $1.4 million in audit fees for FY 21.

Deloitte lost 1 audit client while EY gained 1 in this week.

CompanyOld AuditorNew Auditor
Token Communities Ltd.MJF & AssociatesAJ Robbins
Loop Media Inc.PragerMarcum LLP
Jubilant Flame Int. Ltd.Thayer O’NealTPS Thayer LLC
Leader Hill CorporationTotal Asia Assoc.JP Centurion
Comstock Mining Inc.DeloitteDeCoria, Maichel
Conversion Labs Inc.BF BorgersFriedman LLP
PHI Group Inc.DylanFloydM.S. Madhava Rao
Xenous Holdings IncPinnacleJP Centurion
Zhen Ding Resources Inc.Thayer O’NealTPS Thayer LLC
Addentax Group Corp.Pan-ChinaBF Borgers
Data443 Risk Mitigation Inc.Thayer O’NealTPS Thayer LLC
Generation Hemp Inc.HaynieMarcum LLP
Indoor Harvest CorpThayer O’NealWWC
GWG Holdings IncWhitley PennGrant Thornton
NorthWest Indiana BancorpPlante & MoranBKD
Eagle PharmaceuticalsBDOE&Y
HighPeak Energy IncWithumWeaver
Adicet Bio IncPwCKPMG
fubo TV IncSoldingerKPMG

Do read our other posts on Auditor changes for FY 2020.

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9/11/20 – Auditor changes

by enthusiastUncategorized

One major change this week. KPMG lost the audit of Extreme Networks Inc. which bought in $3.6 million in audit fees previous year. Big win for EY!!

CompanyOld AuditorNew AuditorTotal Fee Previous Auditor (‘000) $
ZZLL Information TechnologyLKCWWC–
Wytec International Inc.Malone BaileyPrager Metis–
Mid Penn Bancorp Inc.BDORSM–
BOQI International MedicalHHCAudit Alliance–
Extreme Networks Inc.KPMGEY3,680
Auditor changes
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9/7/20 – Auditor changes

by enthusiastUncategorized

Big week of Deloitte as it rakes up two audit assignments which paid their previous auditors $4.4 million collectively. Bloom Energy Corp. switched from PwC to Deloitte while Radius Health Inc. switched from EY to Deloitte.

CompanyOld AuditorNew AuditorTotal Fee Previous Auditor (‘000) $
Remark HoldingsCherry BekaertWeinberg 
AS Capital Inc.Olayinka OyebolaWei Wei 
Bloom Energy Corp.PwCDeloitte                   2,709
Radius Health Inc.EYDeloitte                   1,647
Auditor changes
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8/29/20 – Auditor Changes

by enthusiastUncategorized

Few auditor changes in the two weeks of August. In terms of revenue, SJW Group which bought in $2 million revenues for KPMG past year switched to Deloitte. Meanwhile KPMG gained 2 clients which together paid $1.2 million last year to their auditors. PwC lost Casa Systems Inc. audit to EY. The expected revenues from this engagement will be $1.6 million.

CompanyOld AuditorNew AuditorTotal Fee Previous Auditor (‘000) $
Healthcare Solutions Management Group Inc.BMKR LLPBorgers
Soltrest Inc.MG LLC
Casa Systems IncPwCEY1,586
Aptevo Therapeutics Inc.EYMoss Adams LLP543
ROID Group Inc.Prager MetisMG LLC
American Outdoor Brands IncDeloitteGT
Resonant Inc.Crowe LLPKPMG557
Innodata Inc.CohnReznickBDO
Versus International Inc.Assurance DimensionsRBSM
mPhase Technologies IncAssurance DimensionsRBSM
SJW GroupKPMGDeloitte2,031
Boston Omaha Corp.MaloneBaileyKPMG641
Auditor changes

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8/15/20 – Auditor changes

by enthusiastUncategorized

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.

CompanyOld AuditorNew AuditorNature of changeTotal Fee Previous Auditor (‘000) $
New Momentum CorporationCenturion ZDTotal Asia AssociatesDismissal
Delmar BancorpTGM GroupYHBDismissal
Century Casinos Inc.DeloitteGTDismissal1,570
Luduson G Inc.KR PCTotal Asia AssociatesResignation
Auditor changes
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