There is no other accounting firm in the U.K. that wants its name mentioned with the Big 4 more than BDO. That firm is like your 7-year-old brother who wants to play street hockey with you and your high school friends after school because he wants to be around and thinks he can compete with the big boys—until he takes a high stick to the head and runs home crying.
But in this new analysis from Adviser Rankings, BDO got the puck, blew past KPMG, deked EY out of its skates, did a spin-o-rama on Deloitte, and put the puck through PwC’s five hole to score the winning goal:
ARL data now shows that BDO is auditor to the most number of UK listed companies. They have 310 audit clients and overtake PwC which have 307 clients. First time since our records began in 1990 that this achievement has been held by a non “Big Four” firm. pic.twitter.com/qeuTMvOm3q
— ARL (@ARLintel) October 14, 2020
While this is exciting and all for the folks at the Queen’s BDO, the firm still has a long way to go to catch up to the Big 4 in having Britain’s largest companies as audit clients, The Times reported:
BDO’s gains are mainly thanks to a rise in clients among smaller companies. BDO has no audit clients in the FTSE 100 and only 17 in the mid-cap FTSE 250 share index.
But at least for the time being, BDO deserves a hand for its achievement. A big, floppy red hand.
BDO breaks Big Four’s audit stranglehold [The Times]