The past year has seen historic growth in the SPAC market. As of September 30th, there were 447 special purpose acquisition company (SPAC) IPOs during 2021. This number is approximately 285% higher than the same period in 2020. With this … Continue reading
Monthly Archives: November 2021
Who Audits Public Companies – The Netherlands 2020
This post is a part of Audit Analytics’ series on audit market concentration across select countries in Europe. In 2020, the Big Four continued their oligopoly across the top three indexes on the Euronext Amsterdam. However, unlike our previous analysis of … Continue reading
2021 Audit Committee Transparency Barometer
Now in its eighth year of publication, the Audit Committee Transparency Barometer, released by the Center for Audit Quality (CAQ) on November 10, 2021, continues to provide investors with unique insight into the disclosures made by audit committees in proxy statements each … Continue reading
Who Audits Public Companies – United Kingdom 2020
This post is a part of Audit Analytics’ series on audit market concentration across select countries in Europe. Overall, the Big Four firms retained 84.3% of the market share for the major UK indices in 2020, a slight decline from the … Continue reading
Auditor Changes Roundup: Q3 2021
BF Borgers had the most new SEC audit clients for the second quarter in a row, with a net of eight new engagements in Q3 2021. As mentioned in Accounting Today, it was a strong quarter overall for new engagements. Total new … Continue reading
Major Improvements Seen in ICFR Due to Filer Status Change
In our recent report, SOX 404 Disclosures: A Seventeen-Year Review, we found that the percentage of companies with ineffective management assessments of internal controls over financial reporting (ICFR) were down across all company sizes for fiscal year 2020. The most … Continue reading
Who Audits Public Companies – Spain 2020
The audit market for companies listed on the Bolsas y Mercados Españoles (BME) in Spain is highly concentrated; 21 accounting firms were engaged by 164 companies headquartered in Spain and listed on the Continuous Market at the end of 2020. … Continue reading