Audit firm concentration is the subject of significant discussion in the United Kingdom. Currently, the Big Four dominate the FTSE 350 by market share. Regulatory attempts to increase competition and decrease concentration, such as mandatory firm rotation, may not achieve … Continue reading
Author Archives: Madeleine Conley
2021 Financial Restatements Review
Audit Analytics released its annual Financial Restatements report this week. This report examines the trends and statistics of financial restatements filed with the Securities and Exchange Commission since 2002. Using data from the Audit Analytics Restatements database, the report takes … 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
2020 Audit Market Share of Depository Institutions
Insured depository institutions with total assets above $500 million are required to obtain an audit of their financial statements by an independent auditor to comply with the Federal Deposit Insurance Corporation (FDIC) regulation Part 363 – Annual Independent Audits and … Continue reading
Registered Investment Adviser Market Share Analysis
A registered investment adviser (RIA) is a person or firm who advises individuals on investments and manages their portfolios. An examination of the RIA auditor market share reveals a slight divergence from a typical public market share analysis. In comparison … Continue reading
SPAC IPOs – Trends in Auditor Market Share
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
Q3 2021 IPOs: Auditor Market Share and Stats
There were 199 initial public offerings in U.S. markets between July 1, 2021, and September 30, 2021. Together, these IPOs raised over $49.7 billion – a decrease of $36 billion from last quarter. This was a decrease of nearly $12 billion … Continue reading