Kahn Litwin Renza & Co. named 92nd largest accounting firm in U.S.

KAHN LITWIN Renza & Co. was ranked as the 92nd largest accounting firm in the country by Inside Public Accounting; it was the only Rhode Island-based firm on the list.
KAHN LITWIN Renza & Co. was ranked as the 92nd largest accounting firm in the country by Inside Public Accounting; it was the only Rhode Island-based firm on the list.

PROVIDENCE – Kahn Litwin Renza & Co. Ltd. was ranked as the 92nd largest accounting firm in the country by Inside Public Accounting, moving up four spots from last year.
Inside Public Accounting, which publishes a newsletter for the accounting profession, ranked the country’s 100 largest accounting firms. Kahn Litwin Renza & Company was the only Rhode Island-based firm on the list.
Kahn Litwin Renza & Co. had $35.8 million in revenue in its fiscal year that ended in December 2014, a 0.8 percent increase, according to Inside Public Accounting.
“We are pleased to make IPA’s list again this year,” Alan Litwin, managing director at Kahn Litwin Renza & Company, said in a statement. “It is our mission to provide outstanding client service and I am very proud of our team on their diligence to consistently deliver outstanding results for our clients. We look forward to continuing our growth and maintaining our accomplishment as a leading firm for many years to come.”
Firms that are headquartered elsewhere, but also have a local presence include: Ernst & Young LLP in New York, which was third; Marcum LLP in New York, 16th; CBIZ & Mayer Hoffman McCann PC of Cleveland; and BlumShapiro of West Hartford, Conn., 53rd.
The top-ranked firm was Deloitte LLP in New York for the second year in a row with $14.9 billion in revenue for the fiscal year that ended in June 2014.
“Clients are looking for an ever-widening array of services from their public accounting firms,” Mike Platt, principal with Inside Public Accounting, said in a statement. “From traditional audit and tax services, to management consulting, CFO outsourcing, international tax assistance, computer consulting, IT hardware and software sales, wealth management, HR consulting, executive placement, risk management, fund administration, employee benefits, business valuations – the profession is stepping up to the challenge and responding to client demands.”
Profit margins are on the rise among the top 100; firms included on the list averaged 27.5 percent margin last fiscal year, Inside Public Accounting said. Growth, excluding the effects of mergers, is 6.9 percent, the strongest since 2009, IPA said, adding 90 percent of the IPA 100 turned in positive growth.
The IPA said the industry is facing challenges including staff retention and recruiting as employees retire, as well as keeping up with ever-changing technology.

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