In the past couple of weeks, the SEC began releasing their first round of climate change-related comment letters to the public. These letters should be used as a template for reviewing current disclosures and assessing whether disclosures should be updated. … Continue reading
Monthly Archives: February 2022
Audit Firm Merger: BKD and Dixon Hughes Goodman
On February 17, 2022, national accounting firms BKD and Dixon Hughes Goodman announced their practices were merging. As of 2021, both are Top 20 firms, according to Accounting Today. The newly combined firm will see a growth in market share … Continue reading
Auditor Changes Roundup: Q4 2021
BF Borgers had the greatest number of new SEC audit clients for the third quarter in a row, with a net of eight new engagements in Q4 2021. As mentioned in the recent Accounting Today article, with the decrease in … Continue reading
Trends in 2020 Canadian KAMs
The initiative to include key audit matters (KAMs) in auditor reports is a part of the global push for corporate and auditor transparency. In Canada, CAS 701 requires auditors to communicate KAMs in the auditor’s report. For companies listed on … Continue reading
PCAOB Inspection Reports for Annually Inspected Firms
On February 2nd, the PCAOB released the 2020 inspection reports of RSM, Crowe, Marcum, Cohen & Co, and Moss Adams. These reports completed the release of 2020 inspection reports for annually inspected firms. The Big 4, BDO, and Grant Thornton’s … Continue reading
Top SPAC Auditors Growing Market Share Through Acquisition
The top two auditors of SPACs, Marcum and Withum, are growing their businesses through firm acquisitions. Marcum and RotenbergMeril On February 1, 2022, Marcum announced that New Jersey-based firm RotenbergMeril will be joining the firm. The addition of this firm … Continue reading
Audit Firm Tenure: Trends in Long-Lasting Relationships
How long is the average audit firm tenure for a company in the Russell 3000? As of 2021, that answer varies largely depending on the size of the company. Overall, the average audit firm tenure in the Russell 3000 is … Continue reading