It is no secret that the Big Four auditors – Deloitte, EY, KPMG and PwC – dominate at the top of the public company audit market. Large companies almost exclusively use the Big Four, while a handful of other firms … Continue reading
Category Archives: Market Share
Auditor Changes Roundup: Q2 2019
Prager Metis CPAs, with a net of 16 new SEC audit clients, accounts for the most new SEC audit clients among all firms in Q2 2019. The 18 engagements for Prager Metis CPAs in Q2 2019 was the highest of … Continue reading
Auditor Market Share of Russell 3000 Companies with Revenue between $50M and $1B
In this analysis, we look at who audits Russell 3000 companies having $50 million to $1 billion in revenue. There are currently 60 audit firms competing over 1,235 companies within this revenue range. Unsurprisingly, the Big Four audit the majority … Continue reading
Q2 2019 IPOs: Auditor Market Share and Stats
Overview There were 79 initial public offerings in U.S. markets between April 1, 2019, and June 30, 2019. These IPOs raised over $32.7 billion for the quarter, an increase of roughly $25 billion from last quarter and an increase of … Continue reading
Who Audits Public Companies – 2019 Edition
Since last year’s analysis, the population of SEC registrants decreased by 3%, from 6,167 registrants in 2018 to 5,973 in 2019. The top 10 firms by registrant count (EY, PwC, Deloitte, KPMG, BDO, Grant Thornton, Marcum1, RSM, MaloneBailey, and Crowe) … Continue reading
Who Audits Insurance Companies – 2018
There were 4,217 insurance companies registered with the National Association of Insurance Commissioners (NAIC) during 2018, a slight increase from the 4,184 registered companies in 2017. Filing audited financial statements is required unless a company receives an exemption; 146 of … Continue reading
Market Concentration of PIEs – An Analysis of Transparency Report Data
Audit Analytics collects all EEA and member-state defined Public Interest Entities (“PIEs”) disclosed by audit firms in annual transparency reports. Public Interest Entities are: Entities traded on a regulated market of an EU Member State; Credit institutions; Insurance undertakings; or … Continue reading