Jessica Fino 30 Oct 2017 11:41am

BDO holds off KPMG as top AIM auditor

BDO has secured its top spot as AIM auditor after replacing KPMG in Q2

The mid-tier firm had a total of 149 AIM clients in the third quarter, while KPMG secured a total of 143 clients after losing three, according to the latest AIM Advisers Rankings guide.

Grant Thornton (GT) stayed in third position with 118 clients, down two clients from the previous quarter. PwC and Deloitte made up the rest of the the top five, with 95 and 64 clients respectively. Both lost one client between July and October.

However, PwC and KPMG had the highest client market cap aggregation, with £25.5m and £17.5m each. BDO came in third position with £13.4m. While all firms saw an increase in their clients’ market cap during the quarter, PwC increased the most (£3m).

Within the FTSE AIM 100 clients, PwC retained its top position with 25 clients and KPMG remained second after gaining three clients to a total of 24. It was followed by Deloitte, BDO and GT respectively, with 13, 11 and 10 FTSE AIM 100 clients each.

BDO was the top auditor among basic materials, oil & gas, consumer goods and consumer services clients, while KPMG lead the table among financial and healthcare clients. GT secured the most industrial and technological clients.

Adviser Rankings pointed out that all the Big Four firms have increased their investment in fintech products as they seek ways to improve performance. The report explained it was a response to regulators taking an “increasingly hard line” on the profession.