Fewer companies changed their auditor last year, according to a Compliance Week analysis, and while smaller firms made some inroads, the pecking order among major audit firms remained relatively stable in 2011.
Among the Big 4 firms, KPMG won more new public company audit clients in 2011 and Deloitte & Touche lost the largest number, but the smaller firms outshone the Big 4 overall in winning new business.
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KPMG and its affiliates lost 27 audit engagements in 2011 but picked up 43 new ...