Signs of change at the top as BDO is ranked second only to PwC by number of listed clients—although FTSE 100 audits remain the preserve of the Big Four.
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Change may be under way in the audit market, albeit tentatively. BDO, an audit firm outside the global Big Four, has become the second largest firm by number of listed clients in the UK, overtaking KPMG and coming second only to PwC.
According to figures from data provider Adviser Rankings, in the second quarter of 2020 BDO had 297 UK listed clients compared with 262 in the same quarter of last year. KPMG's total dropped from 349 to 286. PwC, with the largest number of listed audit clients, has seen that number fall from 355 to 326.
There is speculation that the numbers may represent a change in the much-debated UK audit market place af
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