The auditors of two FTSE 350 airlines cannot confirm whether the companies will be able to continue operating for the foreseeable future due to uncertainty created by the global pandemic. EY and PwC highlighted the unpredictability of the future operations of … Continue reading
Author Archives: Maripat Brown
Who Audits Public Companies – United Kingdom
Note: This analysis will be updated to reflect 2020’s market share once all annual reports have been filed. Audit market share was highly concentrated among the top indexes in the United Kingdom at the end of 2019. PwC captured the highest … Continue reading
Storytelling with Audit Analytics Europe
As the Audit Analytics Europe databases continue to grow in breadth and depth, we watch some interesting stories unfold. For example, AIM-listed London-based advertising agency M&C Saatchi [LON:SAA] has faced a few challenges in the past year and a half. From 1 October 2020 to 7 December 2020, the … Continue reading
UK Regulators Address Challenges of Corporate Reporting Amid the Pandemic
Earlier this week, the Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) reminded companies in the UK that the permission to delay publication of financial reports is still in effect. The initial joint statement was issued in the early days of the lockdown in the UK on 26 March … Continue reading
Going Concern Modifications Issued to Large European Companies Amid Pandemic
Going concern modifications have been more common during the COVID-19 pandemic than in recent years. The number of large companies worldwide whose future is uncertain has been staggering, but not surprising due to the lockdowns and other difficulties the pandemic has … Continue reading
Dutch Company Struggling to Find Auditor
The public interest entity (PIE) audit market has been shrinking in the Netherlands in recent years, leaving only six players remaining on the field; a concerning trend we previously discussed this summer. Nevertheless, companies have been scrambling to find a … Continue reading
Who Audits Public Companies – Market Share in Spain
There is a highly concentrated audit market among the companies listed on the Continuous Market of the Bolsas y Mercados Españoles (BME) in Spain. Sixteen accounting firms were engaged by 131 companies headquartered in Spain at the end of 2019, with … Continue reading