This is Audit Analytics’ annual market share analysis of auditor engagements at public companies. Using our Auditor Engagements data, it looks at who is currently conducting audits of SEC public registrants, based on reports filed with the SEC since March … Continue reading
FTSE 350 Auditor Changes and Fees
Audit firm concentration is the subject of significant discussion in the United Kingdom. Currently, the Big Four dominate the FTSE 350 by market share. Regulatory attempts to increase competition and decrease concentration, such as mandatory firm rotation, may not achieve … Continue reading
Adjustments Continue to Decline in 2021
Adjustments to financial statements – known as out-of-period adjustments – fell to a low of just 114 during 2021. This fall represents a 17% decline from 2020 and is part of a broader fall seen since 2016. Out-of-period adjustments are … Continue reading
2021 Financial Restatements Review
Audit Analytics released its annual Financial Restatements report this week. This report examines the trends and statistics of financial restatements filed with the Securities and Exchange Commission since 2002. Using data from the Audit Analytics Restatements database, the report takes … Continue reading
Auditor Changes in Canada: 2021
In 2021, Canadian auditor departures increased by 68.3%. Throughout the year, 387 departures occurred, compared to 230 departures seen in 2020. The percentage of departures classified as resignations saw a slight increase, with 25% of auditor departures attributed to resignations in … Continue reading
IPOs Cool Off: Q1 2022 IPO Trends
Eighty-four companies conducted initial public offerings (IPOs) on the NYSE and Nasdaq during the first quarter of 2022. These companies raised a total of $11.3 billion. Special purpose acquisition companies (SPACs) continued to outpace traditional IPOs, representing about two-thirds of … Continue reading
Cannabis Market Audit Firm Landscape
The cannabis public company market is growing fast into a valuable, widespread industry. Audits of these cannabis companies are unique, requiring an understanding of the market and diverse operations. The industry includes companies with operations that directly handle cannabis, such … Continue reading