The audit market for Bolsa de Madrid listed companies that comprise the three IBEX indices in Spain remains highly concentrated. The 84 companies on the top market cap índices – IBEX 35, IBEX Medium Cap, and IBEX Small Cap – … Continue reading
Category Archives: Europe
Who Audits Public Companies – France 2021
The Big Four accounting firms are collectively engaged in 55.5% of all French engagements, down 1.5 percentage points from the previous year. EY led the way with 16% of all engagements, followed by Deloitte with 15%. Mid-tier firm Mazars was third … Continue reading
Who Audits Public Companies – Italy 2021
For fiscal year 2021, the Big Four accounting firms continued to audit the majority of the market. Together, the Big Four firms share 97% of the market across Italy’s top 100 companies listed on the FTSE MIB and FTSE Italia … Continue reading
Who Audits Public Companies – Germany 2021
For fiscal year 2021, 11 accounting firms shared Germany’s audit market of the top companies comprising the DAX 40, MDAX 50, and SDAX 70 indexes trading on XETRA. Unsurprisingly, the Big Four accounted for 88.7% of the market share for … Continue reading
FTSE 350 Auditor Changes and Fees
Audit firm concentration is the subject of significant discussion in the United Kingdom. Currently, the Big Four dominate the FTSE 350 by market share. Regulatory attempts to increase competition and decrease concentration, such as mandatory firm rotation, may not achieve … Continue reading
Going Concern Trends in Eastern Europe
Over the last decade, companies headquartered in Eastern Europe had a going concern rate of 7.2%. Both the Eastern and Southern European regions have higher rates of going concern compared to the Northern and Western regions. In fiscal year 2020, … Continue reading
Going Concern Trends in Southern Europe
Southern European countries have some of the highest rates of going concern opinions in all of Europe. Four countries had going concern rates over 10% during fiscal year 2020. On average, Southern European countries had a going concern rate of … Continue reading