Big Four Control 93% of European Audits With PwC in the Lead

The Big Four accounting firms hold more than 90% of the European audit market, according to a new report, with smaller firms making little impact on bigger markets outside of France.

The biggest firms took 93% of the audit fees on European regulated markets in 2022, Ideagen Audit Analytics said Tuesday in what it described as the first comprehensive European report of its kind. PwC was the biggest audit firm, followed by Ernst and Young, KPMG and Deloitte.

• Mazars was the fifth largest auditor with fees of €210 million ($231 million), compared to €1.9 billion for PwC, also known as ...