In recent analyses, Audit Analytics explored audit firm market share for SEC registrants, based on company-reported filer status. This snapshot provides a look at the audit firm market share based on market cap. The varying filer statuses – Large Accelerated, … Continue reading
Author Archives: Nicole Hallas
Who Audits Smaller Public Companies – 2021
In 2020, 3,317 SEC registrants filed as either a Non-Accelerated filer, Smaller Reporting Company, or both. This population of companies comprised over half – 55.0% – of the 6,030 SEC-registered public companies. In a recent post, we looked at who … Continue reading
Who Audits Public Companies – 2021 Edition
The number of SEC registrants increased 0.7% since last year, climbing from 5,985 in 2020 to 6,030 in 2021. 2021 is the second year in a row we’ve observed an increase in SEC registrants. This pattern is a departure from … Continue reading
A Closer Look at Votes Against Auditor Ratification – 2020
An analysis of shareholder votes filed between January 1, 2018, and December 31, 2020, shows that, on average, roughly 98% of votes were cast in favor of auditor ratification.1 Votes against auditor ratification comprised 2.0% of the total votes; abstained … Continue reading
AQRM Red Flags: Insiders
The Audit Analytics Accounting Quality + Risk Matrix (AQRM) makes it easy to identify accounting, audit, and governance red flags for public companies. This blog series breaks down the risks associated with specific firm-level events included in the AQRM. Red … Continue reading
SEC Enforcement Actions Reveal Continuing Importance of Accurate Disclosures
The SEC recently announced settled charges with Under Armour [NYSE: UAA] related to certain disclosure failures and making misleading statements to investors. The charges were notable, as the SEC enforcement action alleged that Under Armour engaged in manipulative revenue practices … Continue reading
Snapshot: Companies with Revenue Between $10M and $150M
Audit Firm Market Share The Big Four – Deloitte, EY, KPMG, and PwC – largely dominate audit firm market share for SEC registrants. However, the landscape varies substantially depending on the size of the company. The Big Four globally dominate … Continue reading