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
Author Archives: Derryck Coleman
Audit Market Following SPAC Mergers
In November, we published a blog looking at the changing auditor environment for initial public offerings (IPOs) of special purpose acquisition companies (SPACs). In this post, we look at how the audit market changes following the completion of a SPAC … Continue reading
2021 IPOs: Auditor Market Share and Stats
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
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
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
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
2021 Audit Market Share of Private Funds
Advisers of private funds with at least $150 million in assets under management are required to report with the SEC in Form ADV. Most private funds fall into two groups: hedge funds (27%) and private equity funds (41%). Other smaller … Continue reading