Last week, BDO and Moore Stephens announced plans for the two United Kingdom firms to merge. This is yet another major event in the UK audit market to occur in the past few months. Not long ago, Grant Thornton issued … Continue reading
Author Archives: John Pakaluk
Trends in Auditor Market Concentration in Select European Countries
When the European Union recently enacted sweeping regulation of the auditor market, requiring, among other things, auditor rotation at least every 20 years, one of the stated goals was to increase competition in the market. The hope was two-pronged: first, … Continue reading
Auditor Changes and Audit Fees in Poland
A third of large- and mid- cap Polish companies changed their audit firm from 2016 to 2017, and most of those that did saw their audit fees increase significantly. The European Union passed regulation that requires companies to put their … Continue reading
Auditors of the Russell 3000
Everyone knows that the Big Four dominate at the top of the public company audit market. The largest companies use the Big Four almost exclusively, and only a handful of other firms compete for a share of that slice of … Continue reading
Comparing Non-Audit Service Fees between the EU and US
Some time ago, we looked at how US companies would measure up against the new non-audit services fee cap in effect in the European Union. In the major EU audit reform of 2014, one of the stipulations includes a cap on fees … Continue reading
A Comparison of Audit Fees in the US and Europe
When considered as a percentage of revenue – a common metric in the industry – European companies paid noticeably less in audit fees for fiscal 2017 than did their US counterparts. In order to perform this analysis, we compared the … Continue reading
An Overview of 17 Years of Changes in Accounting Estimates
Launched back in 2013, the Audit Analytics Changes in Accounting Estimates database now has nearly 18 years worth of changes in accounting estimate disclosures. We’ve analyzed all annual and quarterly SEC filings going back to January 1, 2000. We have just … Continue reading