Insurance companies registered with the National Association of Insurance Commissioners (NAIC) are required to file audited financial statements unless an exemption is granted. In 2019, 223 different auditors reviewed financials for 3,950 insurance firms. In comparison, in 2020, 219 different … Continue reading
Category Archives: Financial Services (OIA)
Auditors of Broker-Dealers
Firms that are in the business of buying and selling securities, either for their own purposes or on behalf of their clients, are known as broker-dealers. To comply with rules set by the Securities and Exchange Commission, broker-dealers are generally … Continue reading
2020 Audit Market Share of Depository Institutions
Insured depository institutions with total assets above $500 million are required to obtain an audit of their financial statements by an independent auditor to comply with the Federal Deposit Insurance Corporation (FDIC) regulation Part 363 – Annual Independent Audits and … Continue reading
2021 Audit Market Share of Private Funds
Advisers of private funds with at least $150 million in assets under management are required to report with the SEC in Form ADV. Most private funds fall into two groups: hedge funds (27%) and private equity funds (41%). Other smaller … Continue reading
Registered Investment Advisor Market Share Analysis
A registered investment advisor (RIA) is a person or firm who advises individuals on investments and manages their portfolios. An examination of the RIA auditor market share reveals a slight divergence from a typical public market share analysis. In comparison … Continue reading
BDO Acquires MBAF
Recently, BDO USA LLP announced the acquisition of Florida-based MBAF LLC. This merger is significant, as MBAF is currently the 38th largest accounting firm in the US and the largest in South Florida. MBAF is one of the largest Hispanic-owned … Continue reading
The Audit Firms of Broker-Dealers
In 2018, 400 audit firms competed for market share among 3,661 total broker-dealers. The Big Four audited 16.7% of this population. PwC led the way with 172 broker-dealer clients, followed by EY with 168 clients, KPMG with 145 clients, and Deloitte with … Continue reading