Cohen & Company, Grant Thornton, and Marcum, each with a net of three new SEC audit clients, account for the most SEC audit clients gained among all firms in Q3 2020. As mentioned in Accounting Today, EY had the most … Continue reading
Category Archives: Auditor Changes
Auditor Changes in Canada During First Half of 2020
Throughout the first half of 2020, there were 69 new audit engagements and 104 departures among audit firms in Canada. Of these auditor changes, there were only two accounting firms to post a net gain in new audit engagement clients … Continue reading
Auditor Changes Roundup: Q2 2020
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
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
Mandatory Audit Firm Rotation in the FTSE 350
Thirty-four FTSE 350 companies are required to rotate audit firms or conduct a tender process by 2023, according to EU Regulation 537/2014. The intention of mandatory audit firm rotation is to improve audit quality by limiting risks of repeated inaccuracies, encouraging … Continue reading
Auditor Changes Roundup: Q1 2020
BF Borgers CPA, with a net of five new SEC audit clients, accounts for the most new SEC audit clients among all firms in Q1 2020. As mentioned in Accounting Today, this is the second quarter in a row that … Continue reading
Auditor Changes in Canada: 2019
Note: All amounts stated are in Canadian dollars Throughout 2019, Canadian auditor departures increased 16.6%, climbing to 338 departures from the 290 departures seen in 2018. The percentage of resignations has continued to trend upward, with 31% of auditor departures … Continue reading