Attestation Update – A&A for CPAs

Technical stuff for CPAs providing attestation services

Concentration of accounting firm revenue

with one comment

Inside Public Accounting released their annual list of revenue for the 100 largest accounting firms. It can be found here.

When I saw the article, I did what any self-respecting CPA would do – – paste the data into a spreadsheet and start crunching the numbers. Here are a few of my observations:

  • Total revenue for Top 100 is $42.7 billion dollars. All percentages I mention will use this as the basis for the calculation.
  • Deloitte, the largest firm, has revenue of $10.9B which is 25.6% of the top 100.
  • The Big 4 have combined revenue of $40.0B, which is 72.6% of the total.
  • To get a firm large enough to surpass #4, which is KPMG, the next 7 firms would have to merge.
  • To get a firm large enough to surpass Deloite at #1, the next 72 firms outside the Big 4 would have to merge.
  • If the 96 firms outside the Big 4 were to merge, they would only be larger than Deloite by 7.1%.
  • 55 firms saw topline revenue increase – 41 firms saw topline revenue decrease.
  • Of the Big 4, Deloitte saw an increase in topline revenue while PwC, Ernst & Young, and KPMG saw topline drop.

Hat tip: Going Concern

Written by Jim Ulvog

August 23, 2011, 7:47 am at 7:47 am

Posted in Other stuff

Tagged with

One Response

Subscribe to comments with RSS.

  1. […] I discussed the concentration and staffing numbers back in 2011 here and here. […]

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: