deloitte new york Archives - Big4 by the numbers

Who are Deloitte’s largest clients?

by enthusiastAugust 15, 2020May 7, 2022Deloitte

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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

Accounting firms in New York

by enthusiastJuly 1, 2020June 20, 2021Deloitte / EY / KPMG / PwC

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New York has some of the biggest names in the financial industry. Its no surprise that NY has 55 of the S&P 500 companies. That’s a solid 11% in one state. PwC New York office as expected leads over the other big3 both in terms of fees and number of clients. JP Morgan is the biggest client for PwC in terms of fees with a mind boggling $105 million. Probably the biggest fees among all clients [Check out our other posts!]. Deloitte New York office brings in $301 million total audit fees while KPMG New York brings in $278 million.

Auditor	# of companies audited	Total fees ($ million)	%
PwC	22	577.98	44%
KPMG	9	277.58	21%
Deloitte	12	301.13	23%
EY	11	151.31	11%
BDO	1	7.97	1%

BDO makes it to the list for the first time. BDO audits Henry Schein, an health care distribution company. For my enthusiast friends who like to see the details, here you go! Some of the audit fees on this list are the biggest source of revenue for the big4 firm. Source of constant revenue even during a pandemic or recession.

Security	Headquarters Location	Auditor	Total
JPMorgan Chase & Co.	New York, New York	PwC	104.80
Citigroup Inc.	New York, New York	KPMG	97.40
International Business Machines	Armonk, New York	PwC	88.00
Goldman Sachs Group	New York, New York	PwC	84.40
MetLife Inc.	New York, New York	Deloitte	83.20
American International Group	New York, New York	PwC	71.10
Morgan Stanley	New York, New York	Deloitte	56.30
Verizon Communications	New York, New York	EY	50.90
The Bank of New York Mellon	New York, New York	KPMG	46.74
Pfizer Inc.	New York, New York	KPMG	46.53
Interpublic Group	New York, New York	PwC	32.95
American Express Co	New York, New York	PwC	31.59
Bristol-Myers Squibb	New York, New York	Deloitte	29.00
Philip Morris International	New York, New York	PwC	26.84
ViacomCBS	New York, New York	PwC	25.84
PepsiCo Inc.	Purchase, New York	KPMG	25.60
Marsh & McLennan	New York, New York	Deloitte	24.54
BlackRock	New York, New York	Deloitte	24.45
Omnicom Group	New York, New York	KPMG	23.61
News Corp. Class A	New York, New York	EY	22.13
Coty, Inc	New York, New York	Deloitte	21.58
Loews Corp.	New York, New York	Deloitte	20.79
Assurant	New York, New York	PwC	18.49
Howmet Aerospace	New York, New York	PwC	16.50
Colgate-Palmolive	New York, New York	PwC	15.80
Estée Lauder Companies	New York, New York	KPMG	13.13
S&P Global, Inc.	New York, New York	EY	11.53
Hess Corporation	New York, New York	EY	11.14
The Travelers Companies Inc.	New York, New York	KPMG	10.72
Corning Inc.	Corning, New York	PwC	10.31
Fox Corporation (Class A)	New York, New York	EY	10.16
PVH Corp.	New York, New York	EY	10.13
Intl Flavors & Fragrances	New York, New York	PwC	9.86
Nielsen Holdings	New York, New York	EY	9.79
Mastercard Inc.	Harrison, New York	PwC	9.63
Tapestry, Inc.	New York, New York	Deloitte	9.47
Broadridge Financial Solutions	Lake Success, New York	Deloitte	9.36
Ralph Lauren Corporation	New York, New York	EY	8.90
Nasdaq, Inc.	New York, New York	EY	8.54
Henry Schein	Melville, New York	BDO	7.97
Vornado Realty Trust	New York, New York	Deloitte	7.87
Constellation Brands	Victor, New York	KPMG	7.85
Xylem Inc.	White Plains, New York	Deloitte	7.64
E*Trade	New York, New York	Deloitte	6.92
Moody's Corp	New York, New York	KPMG	6.00
Consolidated Edison	New York, New York	PwC	5.97
Tiffany & Co.	New York, New York	PwC	5.83
M&T Bank Corp.	Buffalo, New York	PwC	5.65
MSCI Inc	New York, New York	PwC	5.43
Take-Two Interactive	New York, New York	EY	4.72
SL Green Realty	New York, New York	EY	3.38
Kimco Realty	New Hyde Park, New York	PwC	2.38
MarketAxess	New York, New York	PwC	2.26
Regeneron Pharmaceuticals	Tarrytown, New York	PwC	2.26
Paychex Inc.	Penfield, New York	PwC	2.08

Look into our other blog posts 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.

Tagged : big4 ny clients / deloitte clients / deloitte new york / ey clients / ey new york / kpmg clients / kpmg new york / pwc clients / pwc new york