Auditor Changes Roundup: Q4 2014
Of the Big Four and major National accounting firms, BDO USA had the best quarter in terms of new SEC client wins. Thanks largely to its acquisition of the Texas practice of UHY, BDO gained 20 new...
View ArticleSevere Auditor Change Disclosure Dooms ADES
When a company changes its auditor, it’s usually an important event. Even when it happens for routine reasons, a change in auditor presents many issues and challenges. How will the new audit team...
View ArticleAuditor Changes Roundup: 2014 Annual Summary
BDO had another great year in terms of SEC audit clients. The Global Six firm won 54 new clients compared to 14 losses, for a net increase of 40 engagements in 2014, to go along with a net increase of...
View ArticleAuditor Changes Roundup: Q1 2015
If you’ve been a regular reader of our quarterly Auditor Changes roundups, then it should come as no surprise when we say that the first quarter of 2015 was another good one for BDO. The global audit...
View ArticleAuditor Changes Roundup: Q2 2015
BDO has been at or near the top of our quarterly auditor changes roundups for a long time now. The global audit firm once again led all major accounting firms in new SEC clients in the second quarter...
View ArticleAuditor Tenure and Auditor Rotation among the Russell 3000
Last year, in a post about Honeywell International (NYSE: HON) switching auditors after a 45-year relationship with PwC, we looked at a sample of auditor tenure across the S&P 500. The main...
View Article2014 SEC Filing Highlights, Part 2 of 2
This week we present the second installment of our inaugural SEC filing highlights blog, in which we cover some of the unique and unusual events from the past year. In this one we look at Auditor...
View ArticleAn Auditor Merry-go-Round
There has been much discussion in recent years concerning auditor tenure, with most of the attention fixed on companies with exceptionally long auditor relationships. In a previous post, we noted that...
View ArticleAuditor Changes Roundup: Q3 2015
Once again, BDO led the way in new SEC engagement wins among the large audit firms. In the third quarter of 2015, BDO added 13 new clients against a loss of five, for a net gain of eight. Added to …...
View ArticleAuditor Changes Roundup: Q4 2015
The fourth quarter of 2015 saw a new leader in SEC audit client wins. Marcum LLP, the top 100 firm headquartered in Melville, NY won a net total of six new clients in the quarter to claim the top spot...
View ArticleAuditor Changes Roundup: 2015 Annual Summary
For the third year running, BDO USA led the way in new SEC audit client wins among the major global and national firms. The Top 10 firm increased its net SEC client count by 17, gaining 42 and losing...
View ArticleThe Impact of M&A on PCAOB Firm Population
Since the PCAOB first started disclosing it, the total number of accounting firms registered with the regulator to perform audits for public companies has been a dynamic metric. For various reasons,...
View ArticleAuditor Changes in Canada: 2015
Audit fees for companies in Canada topped $1.6 billion in 2014, and the competition for those fees can be fierce. Last year, there were 318 total auditor departures, of which 81% were dismissals and...
View ArticleAuditor Changes Roundup: Q1 2016
The first quarter of 2016 was a relatively quiet one in terms of SEC-client auditor changes among the major global and national firms. EisnerAmper led the way with five wins and one loss, for a net...
View ArticleReview Notes, Volume 2
With filing season pretty much done and dusted, we can all take a deep breath and relax (for a minute or two). One thing we like to do around here is have a bit of a laugh at some of … Continue reading →
View Article2015 SEC Filing Highlights, Part 2 of 2
This is part two of our SEC filing review where we take a look back at notable disclosures and outliers from our auditor changes, out-of-period adjustments, changes in accounting estimates, and...
View ArticleAuditor Changes Roundup: Q2 2016
The second quarter of 2016 had a slight increase in SEC-client auditor change activity from the first quarter. Marcum LLP, based in New York, held the top spot this quarter, with eleven wins and two...
View ArticleAuditor 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...
View ArticleWho 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...
View ArticleAuditor Tenure and Auditor Rotation Among the Russell 1000
Last year, we looked at a sample of auditor tenure and auditor rotation among the Russell 3000. In that post we found that long auditor tenure is quite common in the U.S. and auditor turnover remains...
View Article
