Overview There were 40 initial public offerings (IPOs) in U.S. markets between January 1, 2019, and March 31, 2019. These IPOs raised over $7.7 billion for the quarter, a decrease of over $1.7 billion from last quarter and a decrease … Continue reading
Monthly Archives: April 2019
CMA Releases Final Report on the Statutory Audit Market
Last week, the Competition & Markets Authority (CMA) released its final report, concluding its investigation into the UK audit market. The report recommended some major reforms “to address serious competition problems in the UK audit industry”. The study, which was … Continue reading
Auditor Changes and Audit Fees in Italy
Eleven out of the 100 companies listed on the FTSE MIB and the FTSE Italia Midcap changed their auditors from 2016 to 2017, and seven of those companies saw their audit fees decrease. The transposition of the European Audit Reform … Continue reading
Going Concerns – An Eighteen Year Review
In our latest report, 2017 Going Concerns: An Eighteen Year Review, we examine the trends and statistics of going concern audit opinions filed with the Securities and Exchange Commission since 2000. This report analyzes going concern totals and percentages of … Continue reading
EU Statutory Audit Reform
Audit Analytics was recently cited in a study commissioned by the European Parliament, EU Statutory Audit Reform: Impact on costs, concentration and competition. The authors, Marlene Willekens, Simon Dekeyser, and Ines Simac of KU Leuven and BI Norwegian Business School, … Continue reading
EEA Auditor Transparency Reports Now Available
Audit Analytics recently released a new feature that will be of interest to observers of the European audit market. Our auditor profile pages now include the annual Transparency Reports of European audit firms. With this new feature, you can easily … Continue reading
Slow Adoption Progress of ASC 842 – Leases
Note: This article was first available to subscribers of Accounting Quality Insights by Audit Analytics on Bloomberg, Eikon, FactSet, and S&P Global. Now that the new lease accounting standard ASC 842 is effective, we see that public companies are progressing … Continue reading