Competition by Fees (Top 100)

How MaloneBailey Compares with Top 100 Accounting Firms that Perform Significant SEC Work

Current as of May 2011
                                                                       

We have two types of competitors – ‘top 100′ firms and the smaller local firms.

‘Top 100′ firms – at least three different accounting industry trade publications track who these are, and their membership changes annually because of an increase in accounting firm mergers as more firms jockey to become alternatives to Big 4 accounting firms to larger companies. Below we’ve listed the roughly 1/3 of ‘Top 100′ firms that have a more-than-insignificant SEC audit practice, to compare their SEC audit volume against ours.

MaloneBailey, LLP specializes in auditing smaller SEC companies, so while our average audit size is smaller than the competition, these audits make up 70% of our practice. This niche focus has enabled us to develop a thorough understanding of small public company audit complexities and offer high quality and efficient audits. Our commitment to deliver small public company audit services has enabled our practice to become one of the largest SEC practices in the U.S. and still growing.

  Firm Annual Revenues
(per 2010 Acctg. Today)
Est. SEC
Audit Fees
(per latest
filings 5/11)
SEC Fees as % of Total Revenue SEC Fees
Per Client
Average
(5/11)
*SEC Client Conut Incl. Reg. Statements
           
PriceWaterhouseCoopers (National) $7,369,000,000 $3,536,000,000 48% $3,907,182 905
Ernst & Young (National) 7,620,000,000 2,651,000,000 35    2,350,177 1,128
Deloitte (National) 10,722,000,000 2,648,000,000 25    3,064,815 864
KPMG (National) 5,076,000,000 1,888,000,000 37    2,426,735 778
Grant Thornton (National) 1,148,000,000 184,000,000 16    605,263 304
BDO Seidman (aka BDO USA, LLP) (National) 620,000,000 151,000,000 24    668,142 226
McGladrey & Pullen (Audit arm of H&R Block) (National) 1,461,000,000 52,000,000 4    374,101 139
Crowe Horwath (Midwest Regional) 508,000,000 33,400,000 7    298,214 112
Marcum (New York) 234,000,000 20,700,000 9    222,581 93
EisnerAmper, LLP (fka Eisner & Amper, Politziner & Mattia)(New York) 249,000,000 17,600,000 7    288,525 61
Moss Adams (West Coast Regional) 323,000,000 17,100,000 5    316,667 54
BKD (Midwest Regional) 393,000,000 12,400,000 3    275,556 45
ParenteBeard (fka Beard Miller & Parente Randolph) (Philadelphia) 172,000,000 12,300,000 7    189,231 65
Burr, Pilger & Mayer (San Francisco) 68,000,000 10,400,000 15    315,152 33
Dixon Hughes (High Point, NC) 200,000,000 10,000,000 5    384,615 26
Hein & Associates (Denver, Los Angeles & Texas) 46,000,000 9,700,000 21    215,556 45
UHY (Northeast Regional) 234,000,000 9,300,000 4    300,000 31
MaloneBailey, LLP (Houston, New York & Shenzhen) 12,500,000 8,750,000 70    70,000 125
J.H. Cohn (New York) 235,000,000 8,000,000 3    210,526 38
Mayer, Hoffman, McCann – CBIZ (National) 601,000,000 6,600,000 1    212,903 31
SingerLewak (Los Angeles) 37,000,000 6,200,000 17    281,818 22
Friedman (New York) 60,000,000 6,000,000 10    122,449 49
Baker Tilly Virchow, Krause (Minneapolis) 260,000,000 5,900,000 2    218,519 27
Ehrhardt, Keefe, Steiner & Hottman (Denver) 55,000,000 5,200,000 9    173,333 30
Cherry, Bekaert & Holland (Richmond, VA) 99,000,000 5,000,000 5    185,185 27
Elliott Davis (Greenville, SC) 54,000,000 4,860,000 9    138,857 35
Plante & Moran (Detroit) 301,000,000 4,100,000 1    178,261 23
Squar Milner Peterson Miranda & Williamson (Los Angeles) 34,000,000 3,450,000 10    143,750 24
Armanino McKenna (San Francisco) 65,000,000 3,200,000 5    428,571 7
WeiserMazars (New York) 128,000,000 3,000,000 2    144,444 7
Whitley Penn (Ft. Worth, TX) 33,000,000 2,600,000 8    152,941 18
Rothstein, Kass (New York) 170,000,000 2,500,000 1    75,758 33
Eide Bailly (MIdwest Regional) 142,000,000 2,500,000 2    119,048 21
Reznick Group (Bathesda, MD) 190,000,000 2,300,000 1    209,091 11

 

This data was compiled by MaloneBailey, LLP using the AuditAnalytics.com subscription service. “Per AuditAnalytics.com, a subsidiary of Ives, Inc.”

*Number of SEC clients includes only companies that filed their last periodic report no earlier than December 2010.

Deregistered companies have been subtracted out, as they are no longer publicly filing. Additionally, this analysis does not include entities classified as Funds or Trusts. Research is provided “as is” and does not constitute an offer or warranty for any of the companies described herein. No part of this document may be reproduced or transmitted in any form without the written consent of IVES Inc. All rights reserved worldwide. All research contained in this report is based on the premium research available via a subscription to AuditAnalytics.com AuditAnalytics.com is a premium on-line market intelligence service available from the IVES Group Inc. a leading research provider focused on the accounting, insurance, and investment communities. For information, call (508) 476-7007, email info@auditanalytics.com or visit www.auditanalytics.com.

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