After more than a decade, a professional services firm has managed to break the stranglehold of the Big Four in the ranking of number of listed companies audited, with Grant Thornton pipping PwC to capture the No. PwC had to resign from a slew of accounts over the past few months, bringing down its listed audit numbers, while at the same time, Grant Thornton benefited from positioning itself as a viable Big Four alternative. After the audit rotation, KPMG emerged as the top auditor in India. 3 after losing more than 300 clients in audit rotation, while EY maintained its second position. The only Indian firms in the top 10 are Singhi Group, SS Kothari Mehta &Co., Haribhakti & Co. and Lodha & Co.

Source: Economic Times December 30, 2019 03:33 UTC