According to a quarterly report by Advisor Rankings, there have been no changes in position in the full AIM rankings, which, the report says, is due to a usual “lull” in activity this quarter. The relative inactivity in the AIM audit market now "stands in contrast to the main board," the report said.
BDO has retained its dominance over the full AIM market with 155 clients, despite losing seven clients this quarter. Grant Thornton has also lost two clients, but retains second place in the rankings with 147 clients. KPMG has 146 clients, gaining three this quarter and PwC is in fourth place with 114 clients. Deloitte is in fifth place with 85 clients, followed by EY (68, down from 70), Baker Tilly (55, down from 59), Crowe Clark Whitehill (40, up from 39), UHY Hacker Young (32, up from 30) and Nexia Smith and Williamson (25).
According to the report, PwC’s success has been in the face of challenging market conditions. It said, “The gains achieved through the period meant that the aggregate value of PwC’s stable was only down slightly on the previous quarter despite the general market decline.”