Which Firm Had the Most IPO Audit Clients In Q4 2022?
The fourth quarter of 2022 didn’t miraculously save what was a terrible year for initial public offerings. There were 20 IPOs during the last quarter of the year which raised a combined total of $1.9 billion, according to a new analysis from Audit Analytics. That is down significantly from Q4 of 2021, when 265 companies […]
Which Firm Had the Most IPO Audit Clients In Q3 2022?
The initial public offering slump of 2022 continued in the third quarter, as the 39 IPOs that raised a combined $3.1 billion is significant lower than the 199 IPOs in U.S. markets in Q3 2021, which raised a total of $49.7 billion, according to a new analysis from Audit Analytics. The amount raised in Q3 […]
Which Firm Had the Most IPO Audit Clients In Q2 2022?
After a slow first quarter of 2022, initial public offerings didn’t take off in the second quarter either. In fact, the 46 IPOs in Q2 was the fewest since the first quarter of 2020 (38), and the $5.3 billion raised by those 46 companies that went public was the smallest amount since the first quarter […]
EY Continues Streak As Big 4’s Busiest Audit Firm
EY has had a few firsts in recent years: first Big 4 firm with unlimited PTO, first audit firm to get a $100 million fine from the SEC, first Big 4 firm to compare men and women with waffles and pancakes, and first place among the Big 4 in public company audit clients for the […]
Which Firm Had the Most IPO Audit Clients In Q1 2022?
The hardworking human beings at Audit Analytics have released their analysis of initial public offering trends and IPO auditor market share for the first quarter of this year, a period in which the number of companies going public was minuscule compared to Q1 of 2021. All told there were 84 IPOs on the New York […]
Oh Look, CliftonLarsonAllen Is Ranked No. 1 In a Couple Other Things Too
As we mentioned last August, CliftonLarsonAllen—the love child of Clifton Gunderson and LarsonAllen—has been the most dominant public accounting firm that no one really cares about the past three years when it comes to serving clients in the construction industry. But apparently construction isn’t the only client base that C to the L to the […]
Which Firm Was the Biggest Loser In the Third Auditor Shuffle of 2021?
Are y’all ready for the results of the third auditor round-and-round of 2021? OK. Here we go. It was another big quarter for BF Borgers, which added the most new SEC clients with nine while losing one for a net of eight, according to Audit Analytics’ third quarter audit gains and losses analysis. BF Borgers […]
Which Firm Had the Most IPO Audit Clients In Q2 2021?
On this the last day of the third quarter, let’s take a look back at initial public offering activity in the second quarter of the year, which featured the biggest IPO since 2000 in terms of proceeds, according to Audit Analytics. There were 13 IPOs with proceeds greater than or equal to $1 billion last […]
Which Firm Was the Biggest Loser In the Second Auditor Shuffle of 2021?
The auditor round-and-round continued in the second quarter of 2021, with everyone’s favorite public accounting firm with a Lettuce Entertain You restaurant sounding name, BF Borgers, netting nine new SEC clients, the most of any audit firm, according to the Q2 auditor changes roundup from Audit Analytics. And as Accounting Today noted in its post […]
Which Firm Was the Biggest Loser In the First Auditor Shuffle of 2021?
[Updated with corrected version of net audit fees won table from Audit Analytics.] With the first quarter of 2021 already in the books, it’s time once again to look at the winners and losers among the top 12 global and national accounting firms that participated in the first round of auditor musical chairs for 2021. […]
Which Firm Had the Most IPO Audit Clients In Q1 2021?
The SPAC bubble didn’t burst during the first quarter of 2021. Of the 407(!) initial public offerings in U.S. markets between Jan. 1 and March 31, 298 (73.2%) involved blank check or special-purpose acquisition companies, according to a new analysis from Audit Analytics. In total, the 407 IPOs raised nearly $134.7 billion—an increase of more […]
Which Firm Was the Biggest Loser In the Last Auditor Shuffle of 2020?
The fourth quarter of 2020 had some new winners and losers in the game of auditor musical chairs, as there were 16 new engagements and 41 client departures among the 12 major global and national audit firms between Oct. 1 and Dec. 31, according to Audit Analytics. Of the top 12 firms, Deloitte gained the […]
Which Firm Had the Most IPO Audit Clients In Q4 2020?
Audit Analytics has released its analysis of a very lucrative fourth quarter of 2020 for initial public offerings in the U.S. Including blank check companies, also called special-purpose acquisition companies, there were 210 IPOs between Oct. 1 and Dec. 31, 2020, which raised more than $65 billion. Compared to the third quarter, total proceeds in […]
Number of the Day: 5,447
No, that’s not the combined number of sit-ups and push-ups PwC Chairman Tim Ryan does in a week. It’s the number of SEC-registered clients across the mutual fund spectrum that are audited by PwC, according to a recent Audit Analytics analysis. And as Audit Analytics noted, PwC has a stranglehold on mutual fund engagements, with […]
Which Big 4 Firm Was the Biggest Loser In the Third Auditor Shuffle of 2020?
Now that Accounting Today has published the most recent data from Audit Analytics on who won and who lost the game of auditor musical chairs in the third quarter, let’s take a look at which firm(s) resigned or were fired the most by clients and who the beneficiaries were. All in all there were 33 […]
Which Firm Had the Most IPO Audit Clients In Q3 2020?
There was an explosion of initial public offerings in the U.S. in the third quarter, with 165 companies going public between July 1 and Sept. 30, raising more than $61.5 billion—by far the most active quarter in 2020 and the most active Q3 in the past five years, according to our friends at Audit Analytics. […]
Number of the Day: $868,000
That’s how much Canadian companies paid on average in audit fees in 2019, up from $621,000 in 2018, according to a post by our friends at Canadian Accountant, citing research from Audit Analytics: “Since 2007, the average amount of audit fees per Canadian company has continued to increase each year, with the largest increase coming […]
Which Big 4 Firm Was the Biggest Loser In the Second Auditor Shuffle of 2020?
One thing that hasn’t slowed down too much during the Rona pandemic is the game of auditor musical chairs, as there were 51 new SEC audit client engagements and 62 departures in the second quarter among the 12 major global or national accounting firms compared to 57 new engagements and 68 departures in Q1, according […]
Which Firm Had the Most IPO Audit Clients In Q2 2020?
Huh. Did you know there were 62 initial public offerings this past quarter? I didn’t. Then again, IPOs aren’t at the top of my “must keep track of” list with everything else going on in the world right now. But now that Audit Analytics has released its latest analysis on Q2 IPO auditor market share, […]
EY Still Atop Public Company Audit Client Leaderboard
EY having the most public company audit clients in 2020 isn’t really the biggest news coming out of Audit Analytics’ latest analysis of public company auditors because the Black and Yellow has led each of the past half-dozen years. The bigger news is there’s a different Big 4 firm occupying second place. While EY has […]
Which Firm Had the Most IPO Audit Clients In Q1 2020?
It’s that time of year when our friends over at Audit Analytics begin to roll out their quarterly reports on initial public offerings and auditor market share. The research firm’s first quarter analysis is out, and there was a four-way tie for most IPOs audited in Q1—and it wasn’t a Big 4 sweep. But before […]
Which Firm Had the Most IPO Audit Clients In Q4 2019?
Our friends at Audit Analytics just released their analysis of the initial public offering auditor market share for the fourth quarter of 2019. But before we look at Q4’s results, let’s quickly review the previous three quarters’ IPO audit engagement leaders: Q1: Marcum 8 ($896 million raised) Q2: Deloitte 17 ($7.87 billion raised) Q3: EY […]
Which Big 4 Firm Had the Most IPO Audit Clients In Q3 2019?
The firm that puts the EY in cringEworthY training seminars for women audited the most initial public offerings in the third quarter, according to a new analysis from Audit Analytics. #Auditor Market Share for 53 #IPO companies in Q3 2019: EY: [20.8%];Marcum: [13.2%];Deloitte: [11.3%];PwC: [11.3%];KPMG: [11.3%];All Others: [32.1%] — Audit Analytics (@AuditAnalytics) October 10, 2019 […]
This Big 4 Firm Had the Most IPO Audit Clients In Q2 2019
After a reeeeal slow start to 2019 due to the government shutdown, initial public offerings picked up the pace in the second quarter, nearly doubling the number of IPOs in the first quarter and including two of the top 10 largest IPOs since 2000. An Audit Analytics analysis revealed that between April 1 and June […]
Which Big 4 Firm Audits the Most Insurance Companies?
I know you guys are just dying to know the answer to this question, so let’s get right to it. Audit Analytics recently came out with its breakdown of the top 20 audit firms that had the most insurance clients in 2018. Yes, the Big 4 firms took the top four spots, combining for 2,300 […]
New Analysis of Public Company Auditors Reveals the Same Old Sh*t, Different Year
Our friends over at Audit Analytics just came out with its 2019 analysis of public company auditors in the U.S., and the results are exactly what you would expect: the Big 4 firms audit just under half of all public companies, and EY audits the most by a pretty wide margin. If you add up […]
Which Big 4 Firm Audits the Most Large Accelerated Filers?
This is a question you've probably never asked yourself but now that you're here, you're dying to know. Our friends over at Audit Analytics broke it down and figured out not only which of the Big 4 audits the most large accelerated and accelerated filers but also how many of those filers are audited by […]
This One Chart Tells You Everything You Need to Know About a Rothstein Kass Acquisition
From the first moment the Rothstein Kass KPMG rumors started circling the bowl, it was pretty clear that RK's golden child is its hedge fund practice. Surely KPMG wasn't interested in the deal just so they could acquire Rothstein Kass' novelty cell phone stand named Trusty. Well, Audit Analytics put things in handy chart form […]
Marcum Wins and EY Loses the Final Auditor Shuffle of 2013
Accounting Today has shared Audit Analytics data on the Q4 2013 auditor shuffle and of large and national firms, Marcum came out on top with a net gain of five. I'm no mathlete but that's a whole… er… well it's more than EY's -6 net: Big Four firm KPMG and McGladrey followed up with net […]
Audit Fees By Industry, As Presented By Audit Analytics
Audit Analytics puts together some great data points from time to time, and this latest on audit fees by industry is no exception. Let's take a peek: In this entry, we investigated the relative audit fees of Russell 3000 companies on a broader industry basis (using the NAICS classification system), looking at audit fees compared to […]
Auditor Musical Chairs a Little More Lively in 2013
We tracked over 1,000 auditor changes so far in 2013, compared to around 900 for all of 2012. #auditorchanges — Audit Analytics (@AuditAnalytics) November 8, 2013
Audit Committees Have More Issues Than a Magazine Stand
Our friends at Audit Analytics have all the fun info: 445 companies have reported #DisclosureControl issues with their Board, Audit Committee, or Corporate Governance thus far in 2013. #SOX302 — Audit Analytics (@AuditAnalytics) September 9, 2013 (cont.) Of those 445 companies, 401 determined that the Audit Committee, Board, or Corp. Gov. issue led to ineffective […]
Auditor Market Share for IPOs Offers More Than Enough Consolation for Ernst & Young
Remember this chart from last month? #CPA link: Mo' Money, Mo' Problems: Faulty Big Four audits climb (along with their fees) http://t.co/M57S1ovtX9 pic.twitter.com/4wHa1xmQ9h — Rick Telberg (@CPA_Trendlines) August 15, 2013 Yep, the one where EY!'s deficient audits blast off like rockets into Syria. It's the kind of info that doesn't make any of the new EY! […]
Here Are a Couple of Charts That Sum Up Auditor Fees since 2002
Courtesy of our friends at Audit Analytics, who have just issued a new study evaluating the trends of audit fees and non-audit fees earned from accelerated filers over the past 11 years. As you can see, it appears that audit firms have found a comfort zone in its split between audit/non-audit fees. And in this […]
O Bank Restatements, Where Art Thou?
Because Jonathan Weil is wondering.
He noticed that Audit Analytics found that 699 SEC-registered companies filed restatements last year which was slightly higher than ’09. This was considerably less than the 1,566 restatements in ’06 but when it came to the number of banks that had restatements, he noticed something strange:
The figures for banks, in particular, look unnaturally low. Forty-four banks restated last year, one fewer than in 2009. Even more curious, there were 133 banks that issued corrections from 2008 through 2010. That was down from 169 banks during the previous three-year period, before the financial crisis took off in earnest, which makes no sense.
Here we had the greatest banking industry meltdown since the Great Depression. Hundreds of lenders failed. And yet the number of banks correcting accounting errors declined while the collapse was unfolding. There were no restatements by the likes of IndyMac, Washington Mutual or Lehman Brothers, for example. The obvious conclusion is the government has been giving lots of banks a free pass, as have their auditors.
Honesty for Banks Is Still Such a Lonely Word [Bloomberg]