Ernst & Young and Deloitte each had net increases in new public company audit engagements in 2020, while their other two Big Four peers saw net decreases, according to the latest annual study.

In Audit Analytics’ 2020 summary of auditor changes as reported in Securities and Exchange Commission filings, EY (37) edged out Deloitte (26) to rank first among all audit firms in total new SEC engagements in 2020. EY and Deloitte also ranked first and second in net audit fees won at $57.1 million and $42.7 million, respectively.

Maria L. Murphy, CPA, is a regular contributor to Compliance Week. She is a senior content management analyst, accounting and auditing products, CCH tax and accounting North America for Wolters Kluwer....