A-share audit industry witnessing a major reshuffle: EY's audit fees top the list in 2024, while PwC drops out of the top ten.

With the closing of the 2024 annual reports, the latest audit landscape of A-shares has emerged. Wind data shows that as of now, a total of 5411 annual reports have been disclosed in the A-share market, with 5391 disclosing annual audit fees, totaling 9.708 billion yuan in actual audit fees for the reporting period. Among them, Ernst & Young Hua Ming took the lead with an audit fee of 1.388 billion yuan, with a unit price as high as 9.1316 million yuan. It is worth mentioning that the four enterprises in A-shares with annual audit fees exceeding 100 million yuan were all taken over by Ernst & Young Hua Ming alone. Due to the impact of the "audit fee crisis" in 2024, PricewaterhouseCoopers Zhongtian fell out of the top ten in the fee list, with a total disclosed annual audit fee of only 125 million yuan.