PracticeAuditKPMG moves up AIM auditor rankings with new client wins

KPMG moves up AIM auditor rankings with new client wins

KPMG picks up six new AIM clients to move into second place in AIM Adviser Rankings

KPMG moves up AIM auditor rankings with new client wins

KPMG has moved above Grant Thornton to become the second largest auditor of AIM-listed companies by client numbers, according to the latest statistics from Adviser Rankings.

The Big Four firm, which recently announced plans to target the SME market, picked up six new clients in the three months to 6 January. BDO retained top spot with 158 clients, while PwC remained in fourth with 119 clients. In December it was ranked the auditor of the most stock market clients, with 399.

Opportunities for further wins should flow through in the early part of the year with around £5bn expected to be raised on London’s junior and main market in the first quarter.

PwC did take top spot as the leading auditor of FTSE AIM UK 50, but there was little movement elsewhere within the AIM top-tier, although the relative standing of BDO and Grant Thornton did improve.

According to the report, there will be less work around for auditors working within the basic metals sector as the number of constituents could be pared back over the coming months as a result of the prolonged fall in commodity prices for iron ore and copper.

“That’s bad news for the advisory complex as a whole, but it’s perhaps inevitable that Chinese demand would flag from the levels seen a few years ago,” the report found.

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

3d Emma Smith, Managing Editor
KPMG rocked by South African corruption scandal

Audit KPMG rocked by South African corruption scandal

4w Alia Shoaib, Reporter
FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

Accounting Firms FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

1m Emma Smith, Managing Editor
NAO takes over from EY as BBC auditor

Audit NAO takes over from EY as BBC auditor

3m Alia Shoaib, Reporter
FRC launches investigation into KPMG’s Rolls-Royce audit

Accounting Firms FRC launches investigation into KPMG’s Rolls-Royce audit

6m Emma Smith, Managing Editor
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

2m Alia Shoaib, Reporter
Latest Big Four auditor changes

Audit Latest Big Four auditor changes

2m Alia Shoaib, Reporter
KPMG fined £4.8m over Miller Energy audit

Audit KPMG fined £4.8m over Miller Energy audit

2m Alia Shoaib, Reporter