While much of the concern surrounding audits in Europe revolves around long tenures – audit firms auditing the same client for years, or even decades, on end – it is perhaps more of a concern when a company switches its … Continue reading
Q2 2019 IPOs: Auditor Market Share and Stats
Overview There were 79 initial public offerings in U.S. markets between April 1, 2019, and June 30, 2019. These IPOs raised over $32.7 billion for the quarter, an increase of roughly $25 billion from last quarter and an increase of … Continue reading
COO and General Counsel Departures: 2016-2018
Audit Analytics tracks all director and officer changes disclosed in Item 5.02 of 8-Ks and, using a custom taxonomy, classifies the nature of the departure and the general reason for such change, if provided. In a previous post, we looked … Continue reading
Who Audits Public Companies – 2019 Edition
Since last year’s analysis, the population of SEC registrants decreased by 3%, from 6,167 registrants in 2018 to 5,973 in 2019. The top 10 firms by registrant count (EY, PwC, Deloitte, KPMG, BDO, Grant Thornton, Marcum1, RSM, MaloneBailey, and Crowe) … Continue reading
When Does Insurance Cover Cyberattacks?
This article was first available to subscribers of Accounting Quality Insights by Audit Analytics on Bloomberg, Eikon, FactSet, and S&P Global. In 2014, global life sciences technology company Medidata Solutions [MDSO] fell victim to a “phishing” attack, losing nearly $5 … Continue reading
Who Audits Insurance Companies – 2018
There were 4,217 insurance companies registered with the National Association of Insurance Commissioners (NAIC) during 2018, a slight increase from the 4,184 registered companies in 2017. Filing audited financial statements is required unless a company receives an exemption; 146 of … Continue reading
KAMs Enter as the UK Exits
The United Kingdom’s pending exit from the European Union has been a cause of extreme uncertainty, both geopolitically and economically. Given the potential magnitude of the event, and considering London’s place as a center of global finance and industry, there … Continue reading