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
Author Archives: Nicole Hallas
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
Nineteen-Year Review of Audit & Non-Audit Fee Trends Report
Audit Analytics recently released its most recent report, Nineteen Year Review of Audit Fee and Non-Audit Fee Trends. Using data from our Audit Fees database, this report provides a detailed analysis and comparison of trends in audit and non-audit fees disclosed by … Continue reading
Pledged Securities Trends
Pledged securities – shares of a public company pledged by their owner as collateral – present a potentially serious risk to a company’s governance and share price if those shares are ever called as collateral. These risks include forfeitures of … Continue reading
Auditor Market Share of ERISA Benefit Plans
Entities, or sponsors, that offer post-employment benefit plans are required by ERISA (the federal Employee Retirement Income Security Act of 1974) to disclose audited financial information to plan beneficiaries. ERISA establishes the minimum standards for employment benefit plans, including pensions, 401(k) … Continue reading
Who Audits Non-Profits
All organizations and entities that receive $750,000 or more in federal funding in a single fiscal period are required to obtain an audit by an independent accountant. This includes an audit of both the institution’s financial statements and the federal award. The provision applies to states, … Continue reading
2020 Financial Restatements Review
Audit Analytics recently released a new report, Financial Restatements: A Twenty-Year Review. This annual report, containing an updated format, takes a closer look at trends in financial restatements, spanning from 2001 to 2020. When looking at restatements, we categorize them … Continue reading