More than 1,000 companies conducted an initial public offering (IPO) on the Nasdaq and NYSE exchanges during 2021. Together, these 1,046 companies raised $668 billion, an average of $639 million per offering. Building on recent trends, special purpose acquisition companies … Continue reading
Who Audits Insurance Companies – 2019 and 2020
Insurance companies registered with the National Association of Insurance Commissioners (NAIC) are required to file audited financial statements unless an exemption is granted. In 2019, 223 different auditors reviewed financials for 3,950 insurance firms. In comparison, in 2020, 219 different … Continue reading
Q4 2021 IPOs: Auditor Market Share and Stats
There were 259 initial public offerings (IPOs) on the Nasdaq and NYSE exchanges between October 1 and December 31, 2021. More than $65 billion was raised, an increase of $15 billion from the previous quarter. This was in line with … Continue reading
Auditors of Broker-Dealers
Firms that are in the business of buying and selling securities, either for their own purposes or on behalf of their clients, are known as broker-dealers. To comply with rules set by the Securities and Exchange Commission, broker-dealers are generally … Continue reading
Financial Restatements in the UK
We will finish our review of accounting quality by looking at financial restatements in the UK. Over the past few years, the number of companies listed on the London Stock Exchange that have restated their financials has grown. This analysis … Continue reading
2020 Audit Market Share of Depository Institutions
Insured depository institutions with total assets above $500 million are required to obtain an audit of their financial statements by an independent auditor to comply with the Federal Deposit Insurance Corporation (FDIC) regulation Part 363 – Annual Independent Audits and … Continue reading
Financial Restatements in Canada: Fifteen-Year Trends
We continue our review of financial reporting quality this week by looking at trends in financial restatements in Canada. The number of financial restatements in Canada has been relatively consistent over the past five years. There were 144 restatements in … Continue reading