For fiscal year 2021, the Big Four accounting firms continued to audit the majority of the market. Together, the Big Four firms share 97% of the market across Italy’s top 100 companies listed on the FTSE MIB and FTSE Italia … Continue reading
Who Audits Public Companies – Germany 2021
For fiscal year 2021, 11 accounting firms shared Germany’s audit market of the top companies comprising the DAX 40, MDAX 50, and SDAX 70 indexes trading on XETRA. Unsurprisingly, the Big Four accounted for 88.7% of the market share for … Continue reading
Auditor Changes Roundup: Q2 2022
FORVIS led the way this quarter in new SEC audit clients with a net of 26 new engagements in Q2 2022. FORVIS comes from the merger of BKD and DHG. The two firms agreed to a merger of equals in … Continue reading
A Closer Look at Shareholder Votes Against Auditor Ratification – 2021
During proxy season, shareholders vote on a variety of proposals to be accepted or rejected. ESG proposals have garnered increased attention in recent years. But one proposal remains a constant decision for shareholders year-over-year: Should the auditor of record be … Continue reading
SOX 404 Disclosures: An Eighteen-Year Review
Audit Analytics recently released a new report, SOX 404 Disclosures: An Eighteen-Year Review. This annual report takes a closer look at trends in internal controls over financial reporting (ICFR) disclosures, spanning from fiscal years 2004 to 2021. Section 404 of … Continue reading
Q2 2022 Initial Public Offering Trends: 2022 Slowdown Continues
The number and size of initial public offerings (IPOs) continued to decline during the second quarter of 2022. There were 46 IPOs during Q2 that raised a combined $5.3 billion. This was the fewest IPOs since Q1 2020 (38) and … Continue reading
Auditor Changes Roundup: Q1 2022
J&S Associate led the way this quarter of new SEC audit clients with a net of five new engagements in Q1 2022. This broke BF Borgers streak from the last three quarters, although they still netted four new engagements to … Continue reading