10/9/20 – Auditor changes

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

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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Big4 clients in Arizona, Nebraska, and Arkansas

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There is a total of 10 S&P clients in Arizona, Nebraska and Arkansas. EY leads the pack with $57 million in audit fees and 5 audit clients. Deloitte has the biggest client in region: Berkshire Hathaway from Nebraska which alone bought in audit fees of $49 million. Another big client in the region is Walmart which paid EY $27.75 million in total audit fees for FY 20. PwC’s lone audit client in the region is Tyson Foods.

Auditor# of companies auditedTotal fees ($ million)%
EY556.6843%
Deloitte355.9942%
KPMG111.379%
PwC18.106%

Full details of the audit client, location, and total audit fees for FY 20 is noted below:

SecurityHeadquarters LocationAuditorTotal ($ million)
Berkshire HathawayOmaha, NebraskaDeloitte49.00
WalmartBentonville, ArkansasEY27.75
Freeport-McMoRan Inc.Phoenix, ArizonaEY13.68
NortonLifeLockTempe, ArizonaKPMG11.37
Microchip TechnologyChandler, ArizonaEY9.13
Tyson FoodsSpringdale, ArkansasPwC8.10
Republic Services IncPhoenix, ArizonaEY4.21
Union Pacific CorpOmaha, NebraskaDeloitte3.73
Pinnacle West CapitalPhoenix, ArizonaDeloitte3.26
J. B. Hunt Transport ServicesLowell, ArkansasEY1.90

Look at our other blog posts for a 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.

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Big4 clients in Missouri

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There are 10 S&P 500 companies headquartered in Missouri. KPMG leads the pack bringing in $40 million in total audit fees from 3 companies. PwC and Deloitte takes the second and third spot respectively.

Auditor# of companies auditedTotal fees ($ million)%
KPMG340.0962%
PwC413.9822%
Deloitte27.7112%
EY12.454%

Emerson Electric is KPMG’s biggest audit client in the Missouri region. Emerson Electric pays KPMG $22.50 million in total audit fees. PwC’s biggest audit client in the region is Ameren Corp.

CompanyHeadquarters LocationAuditorTotal ($ million)
Emerson Electric CompanyFerguson, MissouriKPMG22.50
Centene CorporationSt Louis, MissouriKPMG13.46
Ameren CorpSt. Louis, MissouriPwC4.69
EvergyKansas City, MissouriDeloitte4.58
Jack Henry & AssociatesMonett, MissouriPwC4.39
CernerNorth Kansas City, MissouriKPMG4.13
H&R BlockKansas City, MissouriDeloitte3.14
Leggett & PlattCarthage, MissouriPwC2.85
O'Reilly AutomotiveSpringfield, MissouriEY2.45
Kansas City SouthernKansas City, MissouriPwC2.04

Look into our other blog posts for a 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.

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EY Atlanta audit clients

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Looking at the largest US Corporations in Atlanta, EY leads in the number and total audit fees. Deloitte, PwC, and KPMG take the remaining spots respectively. EY brings in total audit fees of $100 million from the 7 largest corporations in US located in Atlanta.

Auditor# of companies auditedTotal fees ($ million)%
EY7100.7048%
Deloitte345.3921%
PwC335.3517%
KPMG430.3414%

Coca-Cola is the biggest client for EY bringing in a total fee of $38.35 million. PwC’s largest audit client in Atlanta is Newell Brands which brings is $22 million in audit fees. UPS is Deloitte’s largest client bringing in $18.36 million in audit fees.

CompanyHeadquarters LocationAuditorTotal ($ million)
Coca-Cola CompanyAtlanta, GeorgiaEY38.35
Genuine PartsAtlanta, GeorgiaEY26.50
Newell BrandsAtlanta, GeorgiaPwC22.00
United Parcel ServiceAtlanta, GeorgiaDeloitte18.36
Southern CompanyAtlanta, GeorgiaDeloitte17.23
Intercontinental ExchangeAtlanta, GeorgiaEY11.31
Invesco Ltd.Atlanta, GeorgiaPwC10.50
Global Payments Inc.Atlanta, GeorgiaDeloitte9.80
Mohawk IndustriesCalhoun, GeorgiaKPMG9.69
AFLAC IncColumbus, GeorgiaKPMG9.61
FleetCor Technologies IncNorcross, GeorgiaEY8.57
Equifax Inc.Atlanta, GeorgiaEY7.61
Home DepotAtlanta, GeorgiaKPMG7.32
Delta Air Lines Inc.Atlanta, GeorgiaEY6.01
People's United FinancialBridgeport, ConnecticutKPMG3.72
Leggett & PlattCarthage, MissouriPwC2.85
PulteGroupAtlanta, GeorgiaEY2.36
Rollins Inc.Atlanta, GeorgiaGT1.70

Look into our other blog posts for a 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.

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PwC clients in North and South Carolina

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PwC literally rules the audit market in the Carolina’s. It has 11 out of the 16 S&P 500 clients. These 11 audit clients together bring in $179 million in total fees. Bank of America is the largest client of PwC with $67 million in total fees. KPMG has no S&P 500 audit client in the Carolina’s. Here is a summary of clients in this market.

Auditor# of companies auditedTotal fees ($M)%
Deloitte322.1211%
PwC11179.3687%
EY24.462%

Deloitte’s biggest client in the Carolina market is Duke Energy which brings in $14.27 million in audit fees.

CompanyHeadquarters LocationAuditorTotal ($ million)
Bank of America CorpCharlotte, North CarolinaPwC66.70
V.F. Corp.Greensboro, North CarolinaPwC23.44
Truist FinancialCharlotte, North CarolinaPwC23.17
Duke EnergyCharlotte, North CarolinaDeloitte14.27
Sealed AirCharlotte, North CarolinaPwC13.67
IQVIA Holdings Inc.Durham, North CarolinaPwC12.49
Dentsply SironaCharlotte, North CarolinaPwC12.20
Laboratory Corp. of America HoldingBurlington, North CarolinaPwC6.94
Albemarle CorpCharlotte, North CarolinaPwC6.89
Hanesbrands IncWinston-Salem, North CarolinaPwC6.40
Nucor Corp.Charlotte, North CarolinaPwC4.54
Lowe's Cos.Mooresville, North CarolinaDeloitte4.10
Advance Auto PartsRaleigh, North CarolinaDeloitte3.75
QorvoGreensboro, North CarolinaEY3.59
Martin Marietta MaterialsRaleigh, North CarolinaPwC2.92
Old Dominion Freight LineThomasville, North CarolinaEY0.87

Look into our other blog posts for a 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.

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