Special Report Accounting For Andersen Accounts Penelope Patsuris, 08.07.02, 3:30 PM ET
NEW YORK - One man gathers what another man spills--and right now the race is on in the accounting industry to land the thousands of clients left behind after Andersen's demise. In the lead so far: Ernst & Young, which has picked up new public accounts worth nearly $400 million in audit and consulting billings since the first of the year.
But it's anybody's game, since two-thirds of Andersen's publicly owned clients have yet to announce where they're headed after Aug. 31, when Andersen will cease auditing public companies. And that's not to mention the 30,000 or so private firms on Andersen's roster that are also in search of new services and don't have to publicly disclose their move.
To keep tabs on the horse race, bookmark this page and check back often for frequent updates.
Firm
Number Of New Clients
Total Billings
Ernst & Young
211
$395,706,487
Deloitte & Touche
147
$367,461,393
KPMG
180
$273,744,478
PricewaterhouseCoopers
119
$227,660,723
Carlin Charron & Rosen
1
$6,043,425
Grant Thornton
16
$2,849,574
BDO Seidman
4
$2,643,350
Rothstein, Kass & Co.
2
$268,200
Crowe Chizek
2
$244,444
Totals*
806
$1,423,795,945
*Some accounts that went to smaller firms are not listed here.
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