Cohen & Company was leader for new SEC audit clients in the first quarter of 2023. In March, the firm finalized the acquisition of a Philadelphia-based accounting firm, BBD LLP’s Investment Management Group. According to Accounting Today, “the firm expected … Continue reading
Auditor Changes in Canada: 2022
MNP was the leading audit firm for total new engagements among Canadian auditor changes in calendar year 2022. As one of Canada’s leading firms, MNP pulled in 41 new clients throughout the year. Interestingly, US-based firm BF Borgers saw the … Continue reading
2021 Auditor Market Share of Registered Investment Advisers
A registered investment adviser (RIA) is an individual or firm who manages and advises investment portfolios. Advisers who have more than $110 million in assets under management (AUM) are generally required to register with the SEC. The Registered Investment Advisers … Continue reading
Reviewing SEC Accounting and Auditing Enforcement Activities
The Division of Enforcement within the U.S. Securities and Exchange Commission “is responsible for detecting and investigating a wide range of potential violations of the federal securities laws and regulations”. The SECs oversight gives them the authority to respond to … Continue reading
2020 Audit Firm Market Share of ERISA
The Federal Employee Retirement Income Security Act of 1974 (ERISA) requires entities or sponsors that offer post-employment benefit plans to disclose audited financial information to plan beneficiaries. ERISA establishes the minimum standards for employment benefit plans, including pensions, 401(k) accounts, … Continue reading
Q1 2023 IPO Trends: Market Downturn Persists
The initial public offering (IPO) market started off slow in the first quarter of 2023. In total, 46 IPOs raised a combined total of $3.1 billion during Q1. Q1 2023 did see an increase in both the number of IPOs … Continue reading
2021 Auditor Market Share of Non-Profits
Non-Profits are required to obtain an audit if the organization receives $750,000 or more in federal funding in a single fiscal year. Accordingly, this includes the audit of the institution’s financial statements and the federal award received. These disclosures can … Continue reading