{"id":1374,"date":"2020-12-17T20:52:28","date_gmt":"2020-12-17T19:52:28","guid":{"rendered":"https:\/\/eaa-online.org\/arc\/blog\/blog\/bdo-accounts-most-new-lse-audit-clients-2019\/"},"modified":"2020-12-17T20:52:28","modified_gmt":"2020-12-17T19:52:28","slug":"bdo-accounts-most-new-lse-audit-clients-2019","status":"publish","type":"post","link":"https:\/\/eaa-online.org\/arc\/blog\/2020\/12\/17\/bdo-accounts-most-new-lse-audit-clients-2019\/","title":{"rendered":"BDO Accounts for Most New LSE Audit Clients in 2019"},"content":{"rendered":"<p>This analysis was originally posted by <a href=\"https:\/\/www.auditanalytics.com\/?utm_source=EAA&amp;utm_medium=blog&amp;utm_campaign=2020.12.17\">Audit Analytics<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"border: 0px; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 15px; margin: 0px 0px 1.625em; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(55, 55, 55);\">Audit Analytics has recorded 217 auditor departures in 2019 by companies listed on the London Stock Exchange (LSE),&nbsp;including the Alternative Investment Market (AIM). BDO, once again, led the way netting 29 new audit clients of LSE- listed companies.<\/p>\n<p style=\"border: 0px; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 15px; margin: 0px 0px 1.625em; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(55, 55, 55);\">Ernst &amp; Young and RSM UK also saw more engagements than departures, netting 16 and 12 new audit clients, respectively.<\/p>\n<p style=\"border: 0px; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 15px; margin: 0px 0px 1.625em; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(55, 55, 55);\">Overall, there were 218 engagements and 217 departures in 2019 among LSE- listed companies across the Big Four and major global and national firms.<\/p>\n<p style=\"border: 0px; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 15px; margin: 0px 0px 1.625em; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(55, 55, 55);\"><em style=\"border: 0px; font-family: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;\">The table below presents a comprehensive view of the gains and losses of the Big Four and global and national firms among the LSE (including AIM) during 2019, showing the number of audit clients each firm gained or lost, as well as the auditor from or to which the client was won or lost.<\/em><\/p>\n<div class=\"wp-block-image\" style=\"border: 0px; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 15px; margin: 0px 0px 1em; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(55, 55, 55);\">\n<figure class=\"aligncenter size-full is-resized\" style=\"display: table; clear: both; margin-left: auto; margin-right: auto;\">\n\t\t<a href=\"https:\/\/eaa-online.org\/app\/uploads\/sites\/3\/2020\/12\/https__blog.auditanalytics.com_wp-content_uploads_2020_12_image_2020-12-17_112304.png\" rel=\"noopener\" style=\"border: 0px; font-family: inherit; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(67, 102, 113); text-decoration-line: none;\" target=\"_blank\"><img decoding=\"async\" class=\" size-full wp-image-1372\" alt=\"LSE Auditor Changes\" class=\"wp-image-35033\" height=\"369\" loading=\"lazy\" sizes=\"(max-width: 599px) 100vw, 599px\" src=\"https:\/\/eaa-online.org\/app\/uploads\/sites\/3\/2020\/12\/https__blog.auditanalytics.com_wp-content_uploads_2020_12_image_2020-12-17_112304.png\" srcset=\"https:\/\/blog.auditanalytics.com\/wp-content\/uploads\/2020\/12\/image_2020-12-17_112304.png 1287w, https:\/\/blog.auditanalytics.com\/wp-content\/uploads\/2020\/12\/image_2020-12-17_112304-300x185.png 300w, https:\/\/blog.auditanalytics.com\/wp-content\/uploads\/2020\/12\/image_2020-12-17_112304-1024x632.png 1024w, https:\/\/blog.auditanalytics.com\/wp-content\/uploads\/2020\/12\/image_2020-12-17_112304-768x474.png 768w, https:\/\/blog.auditanalytics.com\/wp-content\/uploads\/2020\/12\/image_2020-12-17_112304-486x300.png 486w\" style=\"border: none; max-width: 100%; height: auto; padding: 6px;\" width=\"599\" \/><\/a><\/figure>\n<\/div>\n<p style=\"border: 0px; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 15px; margin: 0px 0px 1.625em; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(55, 55, 55);\">As shown in the matrix above, there were some major changes for a few of the global firms. RSM and Mazars gained a net total of 12 and 6 audit clients, respectively; a significant change from&nbsp;<a href=\"https:\/\/blog.auditanalytics.com\/annual-lse-auditor-changes\/?utm_source=website&amp;utm_medium=blog&amp;utm_campaign=2020.12.17\" rel=\"noreferrer noopener\" style=\"border: 0px; font-family: inherit; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(67, 102, 113); text-decoration-line: none;\" target=\"_blank\">last year<\/a>, when RSM lost one client and Mazars broke even. PKF and Crowe also trended upwards in 2019, adding 12 and 7 net audit clients, respectively.<\/p>\n<p style=\"border: 0px; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 15px; margin: 0px 0px 1.625em; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(55, 55, 55);\">Only six of these firms saw positive net engagements: BDO, EY, RSM, PKF, Crowe, and Mazars.<\/p>\n<div class=\"wp-block-image\" style=\"border: 0px; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 15px; margin: 0px 0px 1em; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(55, 55, 55);\">\n<figure class=\"aligncenter size-full is-resized\" style=\"display: table; clear: both; margin-left: auto; margin-right: auto;\">\n\t\t<a href=\"https:\/\/eaa-online.org\/app\/uploads\/sites\/3\/2020\/12\/https__blog.auditanalytics.com_wp-content_uploads_2020_12_image_2020-12-17_152536.png\" rel=\"noopener\" style=\"border: 0px; font-family: inherit; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(67, 102, 113); text-decoration-line: none;\" target=\"_blank\"><img decoding=\"async\" class=\" size-full wp-image-1373\" alt=\"\" class=\"wp-image-35065\" height=\"275\" loading=\"lazy\" sizes=\"(max-width: 482px) 100vw, 482px\" src=\"https:\/\/eaa-online.org\/app\/uploads\/sites\/3\/2020\/12\/https__blog.auditanalytics.com_wp-content_uploads_2020_12_image_2020-12-17_152536.png\" srcset=\"https:\/\/blog.auditanalytics.com\/wp-content\/uploads\/2020\/12\/image_2020-12-17_152536.png 1308w, https:\/\/blog.auditanalytics.com\/wp-content\/uploads\/2020\/12\/image_2020-12-17_152536-300x172.png 300w, https:\/\/blog.auditanalytics.com\/wp-content\/uploads\/2020\/12\/image_2020-12-17_152536-1024x586.png 1024w, https:\/\/blog.auditanalytics.com\/wp-content\/uploads\/2020\/12\/image_2020-12-17_152536-768x440.png 768w, https:\/\/blog.auditanalytics.com\/wp-content\/uploads\/2020\/12\/image_2020-12-17_152536-500x286.png 500w\" style=\"border: none; max-width: 100%; height: auto; padding: 6px;\" width=\"482\" \/><\/a><\/figure>\n<\/div>\n<p style=\"border: 0px; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 15px; margin: 0px 0px 1.625em; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(55, 55, 55);\">EY led the Big Four audit firms in total engagements, gaining 30 new clients in 2019. On the other end, KPMG saw 61 departures with only 12 new client engagements.<\/p>\n<p class=\"has-text-align-center has-small-font-size\" style=\"border: 0px; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 0.8125em; margin: 0px 0px 1.625em; outline: 0px; padding: 0px; vertical-align: baseline; text-align: center; color: rgb(55, 55, 55);\">This analysis uses data from the&nbsp;<a href=\"https:\/\/www.auditanalytics.com\/products\/europe\/auditor-changes?utm_source=website&amp;utm_medium=blog&amp;utm_campaign=2020.12.17\" rel=\"noreferrer noopener\" style=\"border: 0px; font-family: inherit; font-size: 12.1875px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(67, 102, 113); text-decoration-line: none;\" target=\"_blank\">Europe Auditor Changes database<\/a>, powered by Audit Analytics.<\/p>\n<hr class=\"wp-block-separator\" style=\"background-color: rgb(204, 204, 204); border: 0px; height: 1px; margin-bottom: 1.625em; margin-left: auto; margin-right: auto; opacity: 0.4; max-width: 100px; color: rgb(55, 55, 55); font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 15px;\" \/>\n<p class=\"has-text-align-center\" style=\"border: 0px; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 15px; margin: 0px 0px 1.625em; outline: 0px; padding: 0px; vertical-align: baseline; text-align: center; color: rgb(55, 55, 55);\"><span class=\"has-inline-color\" style=\"border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(0, 82, 149);\">For more information about Audit Analytics or this analysis, please<\/span><span class=\"has-inline-color\" style=\"border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(0, 113, 161);\">&nbsp;<\/span><a href=\"https:\/\/www.auditanalytics.com\/contact?utm_source=website&amp;utm_medium=blog&amp;utm_campaign=2020.12.17\" rel=\"noreferrer noopener\" style=\"border: 0px; font-family: inherit; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(67, 102, 113); text-decoration-line: none;\" target=\"_blank\"><span class=\"has-inline-color\" style=\"border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(255, 145, 55);\">contact us<\/span><\/a><span class=\"has-inline-color\" style=\"border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(0, 113, 161);\">.<\/span><\/p>\n<p class=\"has-text-align-center has-small-font-size\" style=\"border: 0px; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 0.8125em; margin: 0px 0px 1.625em; outline: 0px; padding: 0px; vertical-align: baseline; text-align: center; color: rgb(55, 55, 55);\"><span class=\"has-inline-color\" style=\"border: 0px; font-family: inherit; font-size: 12.1875px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(255, 145, 55);\">Interested in our content? Be sure to&nbsp;<\/span><a href=\"https:\/\/www.auditanalytics.com\/contact?utm_source=website&amp;utm_medium=blog&amp;utm_campaign=2020.12.17#newsletter\" rel=\"noreferrer noopener\" style=\"border: 0px; font-family: inherit; font-size: 12.1875px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(67, 102, 113); text-decoration-line: none;\" target=\"_blank\"><span class=\"has-inline-color\" style=\"border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(0, 82, 149);\">subscribe<\/span><\/a><span class=\"has-inline-color\" style=\"border: 0px; font-family: inherit; font-size: 12.1875px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; color: rgb(255, 145, 55);\">&nbsp;to receive our email notifications.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This analysis was originally posted by Audit Analytics. &nbsp; Audit Analytics has recorded 217 auditor departures in 2019 by companies listed on the London Stock Exchange (LSE),&nbsp;including the Alternative Investment Market (AIM). BDO, once again, led the way netting 29 new audit clients of LSE- listed companies. Ernst &amp; Young and RSM UK also saw [&hellip;]<\/p>\n","protected":false},"author":93,"featured_media":1375,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[],"tags":[2],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BDO Accounts for Most New LSE Audit Clients in 2019 - ARC<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BDO Accounts for Most New LSE Audit Clients in 2019 - ARC\" \/>\n<meta property=\"og:description\" content=\"This analysis was originally posted by Audit Analytics. &nbsp; Audit Analytics has recorded 217 auditor departures in 2019 by companies listed on the London Stock Exchange (LSE),&nbsp;including the Alternative Investment Market (AIM). BDO, once again, led the way netting 29 new audit clients of LSE- listed companies. Ernst &amp; Young and RSM UK also saw [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/eaa-online.org\/arc\/blog\/2020\/12\/17\/bdo-accounts-most-new-lse-audit-clients-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"ARC\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-17T19:52:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/eaa-online.org\/app\/uploads\/sites\/3\/2020\/12\/lse_auditor_changes.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"335\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Jessica McKeon\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jessica McKeon\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/eaa-online.org\/arc\/blog\/2020\/12\/17\/bdo-accounts-most-new-lse-audit-clients-2019\/\",\"url\":\"https:\/\/eaa-online.org\/arc\/blog\/2020\/12\/17\/bdo-accounts-most-new-lse-audit-clients-2019\/\",\"name\":\"BDO Accounts for Most New LSE Audit Clients in 2019 - ARC\",\"isPartOf\":{\"@id\":\"https:\/\/eaa-online.org\/arc\/#website\"},\"datePublished\":\"2020-12-17T19:52:28+00:00\",\"dateModified\":\"2020-12-17T19:52:28+00:00\",\"author\":{\"@id\":\"https:\/\/eaa-online.org\/arc\/#\/schema\/person\/f61376a765d3f4be1057fe22deda2b4f\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/eaa-online.org\/arc\/blog\/2020\/12\/17\/bdo-accounts-most-new-lse-audit-clients-2019\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/eaa-online.org\/arc\/#website\",\"url\":\"https:\/\/eaa-online.org\/arc\/\",\"name\":\"ARC\",\"description\":\"Advanced Resources Center\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/eaa-online.org\/arc\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/eaa-online.org\/arc\/#\/schema\/person\/f61376a765d3f4be1057fe22deda2b4f\",\"name\":\"Jessica McKeon\",\"url\":\"https:\/\/eaa-online.org\/arc\/blog\/members\/93\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BDO Accounts for Most New LSE Audit Clients in 2019 - ARC","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"BDO Accounts for Most New LSE Audit Clients in 2019 - ARC","og_description":"This analysis was originally posted by Audit Analytics. &nbsp; Audit Analytics has recorded 217 auditor departures in 2019 by companies listed on the London Stock Exchange (LSE),&nbsp;including the Alternative Investment Market (AIM). 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