It was another quiet quarter in terms of SEC-client auditor changes. KPMG brought in four new SEC clients, the most for Q4 of 2016. Crowe Horwath and RSM US were the only firms to see a net increase in SEC … Continue reading
Category Archives: Market Share
Q4 2016 IPOs: Auditor Market Share and More
Overview There were 33 initial public offerings in U.S. markets in the fourth quarter of 2016, representing a decrease of 25% from the same period last year when there were 44 IPOs. The total amount raised this quarter was $7.8 … Continue reading
Who Audits Bank Holding Companies
Bank holding companies (BHCs) have come under the microscope of regulators in the years following the Great Recession, mainly for their perceived link to the subprime mortgage crisis. Supervised by the Federal Reserve, BHCs with total consolidated assets over $500 … Continue reading
Auditor Changes Roundup: Q3 2016
Auditor churn among SEC registrants in the third quarter of 2016 was relatively uneventful compared to last quarter. The most movement was with BDO, which had fifteen gains and seven losses for a net increase of eight new clients, doubling their net total from the previous … Continue reading
Q3 2016 IPOs: Auditor Market Share and More
Overview There were 44 initial public offerings in U.S. markets between July 1, 2016 and September 30, 2016, raising $7 billion. That is a slight increase from the $6.2 billion raised by 40 IPOs last quarter. All told, there have been … Continue reading
New Tool for Law Firm Market Intelligence
Audit Analytics recently introduced a new field designed to answer the question “who counsels who”. On our Company Profile pages, we now show which law firm most recently represented the given company. In addition to showing the outside counsel on the overview section … Continue reading
The PCAOB’s Effect on Auditor Market Share
One of the most important aspects of the epochal Sarbanes-Oxley Act (SOX) of 2002 was the institution of the Public Company Accounting Oversight Board (PCAOB), whose purpose, in part, was to oversee the audits of public companies to promote and enforce … Continue reading