There were 141 audit firm departures in 2018 from companies listed on the London Stock Exchange, including the Alternative Investment Market (AIM). BDO, with a net of 20 new audit clients, accounts for the most new clients among all audit … Continue reading
Author Archives: Steven Dixon
Trends in the Number of Key Audit Matters Reported
As Audit Analytics’ Key Audit Matters (KAMs) database continues to expand, we are noticing some significant trends in the number of KAMs reported in annual reports. The average number of KAMs reported in 2018 was 2.66 per audit opinion. Interestingly, … Continue reading
European Companies with Frequent Auditor Changes
While much of the concern surrounding audits in Europe revolves around long tenures – audit firms auditing the same client for years, or even decades, on end – it is perhaps more of a concern when a company switches its … Continue reading
Auditor Changes and Audit Fees in Italy
Eleven out of the 100 companies listed on the FTSE MIB and the FTSE Italia Midcap changed their auditors from 2016 to 2017, and seven of those companies saw their audit fees decrease. The transposition of the European Audit Reform … Continue reading
Recently Reported Auditor Changes across Europe
There were 16 recently reported auditor changes across Europe in January 2019. It is important to note, however, this is not a comprehensive list; not all changes are, or have been, disclosed. Of the 16 announced, ten are listed on … Continue reading
EU Auditor Market Share: 2017 Audit Reports
Of more than 600 companies included in the major large and mid-cap indices in five of the largest countries in Europe, over 98% are audited by one of the Big Four. The remaining 1% were audited by either BDO or … Continue reading