Once again, Top 10 Firm BDO USAled large audit firms in new Securities and Exchange Commission audit clients, with 16 new engagements and a net gain of nine in the second quarter of 2015. And despite the firm's high profile in the profession's merger market, the vast majority of its gains were from other large firms, particularly the Big Four. (See "Q1 Client Gains & Losses," below.) Texas' MaloneBailey, meanwhile, led the overall charts with 22 new engagements and a whopping net gain of 18. Those numbers also gave it the lead in signing up smaller reporting companies, with a net gain three times that of its nearest competitor. (See "Net Engagement Leaders" on the facing page, and "Audit Leaders," below.) Its new clients came from a wide range of previous auditors, both large and small. Two other firms with major new engagement tallies were California-based Danielle Adams/Adams Advisory, which brought in 10 new clients from Terry L. Johnson, who is apparendy no longer eligible to audit SEC-re-porting companies, and Texas' Gillespie & Associates, which also brought on 10 new clients. In its case, the clients came from a predecessor firm, Harris & Gillespie, where Gillespie & Associates founder Michael Gillespie was an audit partner before H&G's dissolution.
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