KPMG was the leader for net SEC audit client gains in the first quarter of 2024. The Big Four firm added 17 new public company clients and lost five for a net gain of 12 clients during the quarter. It was a busy quarter for auditor changes, with 210 new engagements signed. According to Accounting Today, this is "a significant jump from 157 in the previous quarter and the highest number in the past four years.” Overall, the top 10 global and national audit firms gained 79 and lost 93 clients during Q1 2024.

In this article, Audit Analytics further examines the latest audit firm landscape trends and insights in the first quarter of 2024.