The Big Four’s dominance on the public company audit market remains despite a slight dip in numbers in the last year, according to the latest research.
Audit Analytics on Thursday released its 2021 look at audit firm client totals among public companies. The analysis, based on data as of April 9, revealed the number of Securities and Exchange Commission registrants climbed to 6,030—the second consecutive year of increase after three straight years of decline. Audit Analytics attributes the rise to record numbers of initial public offerings, which the research group recently linked to the special purpose acquisition company (SPAC) craze in a separate study.
