When it comes to blank check initial public offerings (IPOs), two firms dominate the market: Withum and Marcum. Together, these two firms account for 90.2% of all blank check IPOs from January 1, 2019 to September 30, 2020, with 156 … Continue reading
Who Audits Public Companies – Market Share in Spain
There is a highly concentrated audit market among the companies listed on the Continuous Market of the Bolsas y Mercados Españoles (BME) in Spain. Sixteen accounting firms were engaged by 131 companies headquartered in Spain at the end of 2019, with … Continue reading
Taxes, Liabilities Among Common Reasons for Financial Restatements in Europe
Audit Analytics recently released the Europe Financial Restatements database, consisting of financial restatements for accounting errors due to accounting rule misapplications, clerical issues, and fraud. Collected from English language press releases, annual reports, and interim reports issued between January 2018 and … Continue reading
Change in Accounting Estimate Boosts Microsoft’s Q1 2021 Gross Margin
Tech giant Microsoft [Nasdaq: MSFT] announced its first quarter 2021 results on October 27, 2020. Growth in Microsoft’s gross margin and operating income was driven by a change in accounting estimate for the useful lives of server and network equipment. … Continue reading
Q3 2020 IPOs: Auditor Market Share and Stats
There were a staggering 165 initial public offerings in U.S. markets between July 1, 2020 and September 30, 2020. Together, these IPOs raised over $61.5 billion for the quarter – an increase of over $43 billion from last quarter and … Continue reading
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
2020 Audit Committee Transparency Barometer
Now in its seventh year of publication, the Audit Committee Transparency Barometer, released by the Center for Audit Quality (CAQ), continues to provide investors with unique insight into the disclosures made by audit committees in proxy statements each year since … Continue reading