The small audit firm from Florida that topped the charts of new Securities and Exchange Commission clients in the third quarter of 2024 got a big boost from another firm ending its SEC practice.
Tampa-based Astra Audit & Advisory brought on 10 new clients in Q3, with seven of them coming from Accell Audit & Compliance, a former mainstay of this list that began telling clients in the fall that it was no longer providing SEC audit services. It was sanctioned by the Public Company Accounting Oversight Board around the same time (see "
Meanwhile, Big Four firm KPMG came in second overall and led among large audit firms, adding 11 engagements and netting nine (see "
The total number of new engagements hit 161, a significant drop-off from the previous two quarters (which had been boosted in part by the implosion of audit firm BF Borgers), but still well above the low numbers from the midst of the COVID pandemic.
Clients by filing status, and more
In terms of clients by filing status, KPMG led among new large accelerated filers and regular accelerated filers, while Astra took the lead among non-accelerated filers and small reporting companies (see "
KPMG's big haul of new engagements helped it top the league tables for new market capitalization audited, with TKO Group Holdings — the parent of fighting leagues UFC and WWE — making up a big chunk of that, with $6.7 billion of its total $16 billion (see "
Deloitte topped the table for both assets and audit fees. Insurer American National Group represented $79.9 billion of its $82 billion assets audited, while 3D printing company 3D System Corp. had the biggest chunk of audit fees, at $10 million.
Data for the quarterly rankings are provided by Ideagen Audit Analytics, a premium online intelligence service delivering audit, regulatory and disclosure analysis. Reach them at (508) 476-7007,
