Auditor changes in Nov-21 and Dec-21
SEC registered companies are required to file form 8-K, item 4.01 notice in the event of a change in auditors. We analyze auditor changes for each month looking into auditor change and its reason.
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Auditor changes for October’21
SEC registered companies are required to file form 8-K, item 4.01 notice in the event of a change in auditors. We analyze auditor changes for each month looking into auditor change and its reason.
PCAOB 2020 Inspection Reports
The 2020 inspection reports sprung a lot of surprises. PwC led the big4 firms with only 1 deficiency out of the 52 audits inspected. Deloitte had 2 deficiencies out of the 53 audits reviewed. The detailed summary of Part I…
EY 2021 Global Review
EY published its annual review report in September. Global revenues increased by 4% to $40 billion. Revenues for FY 20 was $37.2 billion. The region-wise breakdown of revenue is as follows: Region FY19 FY20 change in local currency FY21 change…
PwC 2021 Global Annual Review
Summary The “New Equation” is the latest buzz word with it being mentioned exactly 30 times in PwC’s 2021 Global Review. In this year’s report PwC reported new information such as net income and taxation. Key items from the review:…
CFO Salaries of major US Companies
This blog is part of a long series of blog posts where we analyze the pay of Chief Financial Officers of S&P 500 US Companies. This blog is part 1 of the 10 blogs that will go through companies each…
Top Audit Firms in India
In India, regulations do not permit foreign auditing firms to operate. Hence KPMG carries out audits in India under the name of BSR & Co, an auditing firm that it bought. BSR & Co was an auditing firm founded by…
Auditor Changes in Jun’21
For the month of Jun’21, there were multiple auditor changes mostly on account of SPACs changing their auditor from Withum or Marcum to a Big4 firm. KPMG gained 4 audit clients while losing 2. Company Old Auditor New Auditor Citi…
Biggest Companies in the world by market cap
2020 was a phenomenal year for the markets with some big changes in the Global Top 100 companies by market capitalization. Tesla for instance saw its market capitalization increase by 565% from the levels seen in March 2020. In this…