Please ensure Javascript is enabled for purposes of website accessibility
November 27, 2022

Listicle of the Day: No Major Shake-Ups In 2020 INSIDE Public Accounting Top 100 Firms

INSIDE Public Accounting just came out with its annual ranking of the top 100 (plus 101-400) accounting firms in the U.S. based on net revenues, and the largest firms are right where they were last year. No, PwC didn’t leapfrog Deloitte for the top spot. Yes, KPMG is still fourth. And no, BDO USA didn’t move out of seventh, despite buying what seems like a bazillion smaller firms recently.

In fact, the top 12 in 2020 is exactly the same as the top 12 in 2019.

Some of the biggest movers in spots 13 to 25 include Plante Moran, CohnReznick, Eide Bailly, Armanino, and The Siegfried Group, while firms that lost ground include BKD, Marcum, Wipfli, Carr, Riggs & Ingram, and Withum.

Now, Baker Tilly is in the 11th spot for the second straight year. But rumor has it that BT is going to announce later this week that it has found a willing dance partner in Irvine, CA-based Squar Milner, which is ranked 46th. [CONFIRMED]

Baker Tilly had net revenues of $789.6 million, according to IPA, while Squar Milner had $126.4 million in revenues. That combination would boost Baker Tilly’s revenue to a little more than $916 million, which would likely knock CBIZ & MHM out of 10th in IPA’s 2021 ranking. We were told the BT/SM deal would be made public on Aug. 13.

But until then, here’s the top 25 for 2020. Previous year’s ranking is in parenthesis:

  1. Deloitte (1)
  2. PwC (2)
  3. EY (3)
  4. KPMG (4)
  5. RSM US (5)
  6. Grant Thornton (6)
  7. BDO USA (7)
  8. CliftonLarsonAllen (8)
  9. Crowe (9)
  10. CBIZ & MHM (10)
  11. Baker Tilly (11)
  12. Moss Adams (12)
  13. Plante Moran (16)
  14. CohnReznick (14)
  15. BKD (13)
  16. Marcum (15)
  17. Dixon Hughes Goodman (17)
  18. EisnerAmper (18)
  19. Eide Bailly (20)
  20. Wipfli (19)
  21. Armanino (24)
  22. Andersen (22)
  23. Citrin Cooperman (23)
  24. Carr, Riggs & Ingram (21)
  25. The Siegfried Group (27)

You can check out the rest of the top 100 here.

Related article:

Accounting Firm List Mania: INSIDE Public Accounting’s Top 100 for 2019

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Elliott Davis and Whitley Penn logos

The Elliott Davis/Whitley Penn Merger Fell Apart in the Eleventh Hour, RIP Elliott Penn (UPDATE)

This past summer, the second biggest news around the virtual watercooler of professional services (after the EY split) was that Elliott Davis and Whitley Penn would be combining forces to become — *dramatic flourish here* — Elliott Penn. “By proactively bringing these two firms together, Elliott Penn leverages the strengths of both firms and establishes […]

Which Firm Had the Most IPO Audit Clients In Q3 2022?

The initial public offering slump of 2022 continued in the third quarter, as the 39 IPOs that raised a combined $3.1 billion is significant lower than the 199 IPOs in U.S. markets in Q3 2021, which raised a total of $49.7 billion, according to a new analysis from Audit Analytics. The amount raised in Q3 […]