Grant Thornton, with a net of eight new SEC audit clients, accounts for the most SEC audit clients gained among all firms in Q2 2020. As mentioned in Accounting Today, EY had more new engagements during the quarter, but netted … Continue reading
Category Archives: Audit + Compliance
Audit Opinions with Going Concern Modification Referencing COVID-19
As of July 13 2020, there have been 42 audit opinions for SEC-registered public companies that have cited the COVID-19 pandemic as a contributing factor to substantial doubt about a company’s ability to continue as a going concern for the … Continue reading
Q2 2020 IPOs: Auditor Market Share and Stats
Overview There were 62 initial public offerings in U.S. markets between April 1, 2020, and June 30, 2020. Together, these IPOs raised over $18.5 billion for the quarter, an increase of over $8.7 billion from last quarter and a decrease of roughly … Continue reading
Who Audits Dual-Status Public Companies – 2020
In 2019, there were 1,951 public companies that opted to file with the SEC with a dual filer status, or 32.6% of companies included in our Who Audits Public Companies – 2020 Edition analysis. These statuses include: Large Accelerated Filer … Continue reading
After 111 Years, General Electric Switches Auditor
On June 18th, the Audit Committee of General Electric [GE] – a multinational conglomerate company – selected Deloitte & Touche as its independent auditor for the Company’s fiscal year ending December 31, 2021, ending its 111-year tenure with KPMG. According … Continue reading
Who Audits Smaller Public Companies – 2020
In 2019, there were 2,679 companies that filed as either a Non-Accelerated Filer, Smaller Reporting Company, or both. This population of companies comprised just under half – or 44.8% – of the 5,985 SEC-registered public companies. In a recent post, … Continue reading
Who Audits Public Companies- 2020 Edition
Straying from past trends, the number of SEC registrants has increased since last year, climbing from 5,973 in 2019 to 5,985 in 2020 – a 0.20% increase. As mentioned by Accounting Today, the top ten firms by registrant count (EY, … Continue reading