PAR Top 100 List Shows Effects of Consolidators
At least 12 firms that ranked in the Top 100 in 1998 dropped off the list this year due to consolidation activity. McGladrey & Pullen, ranked as the nation's seventh-largest accounting firm last year, is one of the largest affected.
McGladrey & Pullen and others didn't make the list because audit services must be offered by a firm to be included in PAR's Top 100. Consolidators carving out a "financial services" niche for themselves usually pitch the audit work and retain tax, consulting and other services after acquiring an accounting firm.
Andersen Worldwide topped the list with $6.83 billion of net revenue. PricewaterhouseCoopers followed in second place. Ernst & Young, Deloitte & Touche, and KPMG rounded out the top 5.
The Public Accounting Report is published by Strafford Publications, Inc. . To obtain a copy of the Top 100, call 404.881.1141.