Marcum was the clear leader for new SEC engagements in calendar year 2022, gaining 103 new clients throughout the year. This is a stark contrast from 2021, when Marcum had 110 departures and lost a net of 90 clients. FORVIS … Continue reading
The Ukrainian-Russian Conflict’s Effect on European Key Audit Matters
It has been a year since the invasion of Ukraine by Russian forces, a momentous event that has made a global impact. In an effort to gain some insight into how the conflict has affected public companies, we analyze European … Continue reading
2021 Auditor Market Share of Broker-Dealers
Broker-Dealers are firms or individuals in the business of buying and selling securities on their clients’ behalf or for themselves. They are required by the SEC to have their financial statements audited annually, disclosed in x-17a-5 filings. The Broker Dealers … Continue reading
2021 Auditor Market Share of Insurance Companies
Since all insurance laws and regulations are established individually by state, the National Association of Insurance Commissioners (NAIC) was organized to coordinate standards and regulations nationwide. Unless a company receives an exemption from filing, the NAIC requires all members to … Continue reading
Auditor Changes Roundup: Q4 2022
Marcum continued to lead the way for auditor changes this quarter, gaining a net of 42 engagements in Q4 2022. Marcum continues to reap the benefits of its September 1 merger, gaining 43 new clients from Friedman in Q4. Overall, … Continue reading
2021 Auditor Market Share of Banking Institutions
Banking institutions are defined as financial institutions which are legally allowed to accept monetary deposits from consumers. Audit Analytics’ Bank Holding Companies database collects records dating back to 2005 and covers all banking institutions that file forms FR Y-9C, FR … Continue reading
2022 Audit Firm Market Share of Private Funds
In general, private funds fall into two main categories: private equity funds (42%) and hedge funds (24%). However, there are additional smaller types of private funds that include venture capitalist funds (14%), real estate funds (8%), and others (12%). Registered … Continue reading