Top 32 CPA Firms Dominate Credit Union State Market Share

The newly released 2003 Guide to Credit Union CPA Auditors examines the current market share ranking of CPA firms by state. Of the 2,253 credit unions over $40 million in assets examined in the 2003 Guide, 774 credit unions, or 34 percent, reside in the five states with the most number of credit unions over $40 million in assets: California, Michigan, Texas, New York and Ohio. What is significant about these five states is that 92 percent of their credit unions over $40 million in assets have engaged with one of the top 32 CPA firms compared to just 84 percent for all other states.

 
 

The newly released 2003 Guide to Credit Union CPA Auditors examines the current market share ranking of CPA firms by state. Of the 2,253 credit unions over $40 million in assets examined in the 2003 Guide, 774 credit unions, or 34 percent, reside in the five states with the most number of credit unions over $40 million in assets: California, Michigan, Texas, New York and Ohio. What is significant about these five states is that 92 percent of their credit unions over $40 million in assets have engaged with one of the top 32 CPA firms compared to just 84 percent for all other states.

The top 32 firms not only bring credit union auditing experience but also provide a number of other complex business services such as knowledge of data processing systems, CUSO operations, and on and off balance sheet management techniques. Due to increased concerns about corporate governance, credit union Supervisory Committees are looking to their auditor to help provide them with a better understanding of these complexities and guidance on how to make certain that the appropriate checks and balances are in place within the credit union.

Below is a ranking of the top 3 CPA auditors in each state for California, Michigan, Texas, New York and Ohio.

 

 

 

Aug. 18, 2003


Comments

 
 
 
  • This is good information for Audit committee and give us an idea of how our auditors rank!
    Anonymous
     
     
     
  • I have worked hand in hand with CPA. And all though i know how stern you all are i still love working for you.if you are need of help please let me know.Wonderful article.
    Maria Vierheller