Auditor Changes Roundup: Q3 2024

Auditor changes across the SEC market can reveal important signals about client movement, competitive positioning and evolving priorities in financial reporting. By examining which firms gained or lost clients, where those clients moved, and how changes in market capitalization and audit fees shaped the broader landscape, organizations can better understand the factors influencing auditor selection. These movements also provide useful context for evaluating market share shifts, identifying emerging trends and comparing activity among major audit providers.

Key Takeaways:

• Astra Audit & Advisory recorded the highest net gain in SEC clients, with much of that growth coming from clients formerly audited by Accell Audit & Compliance.
• KPMG achieved notable client growth while also leading major firms in net market capitalization and audit fee gains, underscoring its continued strength in attracting higher-value engagements.
• Several large audit firms experienced meaningful client losses, reflecting continued movement among public companies and highlighting the competitive pressure facing established providers.
• The roundup tracks client movements between firms, offering insight into competitive trends and market share shifts.