October 23, 2018

Auditor Market Share for IPOs Offers More Than Enough Consolation for Ernst & Young

Remember this chart from last month?

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! glossy marketing materials, but could be unsettling for anyone concerned about audit quality (whatever that means). 

HOWEVAH! We're sure marketing teams at the Black and Yellow knew about IPO market share in 2013 well before Audit Analytics tweeted about it:  

In case the most current deficiency rates had escaped you, here they are again:

  • Deloitte 25%
  • KPMG 34%
  • PwC 39%
  • EY 48%

Reactions? Certainly none of surprise.

Related articles

Grant Thornton and the Antichrist

al pacino_devil.jpgIt’s rather mysterious that the New York office of Grant Thornton is located at 666 Third Ave. As I’m sure our more pious readers know, the significance of the 666 is commonly known as “The Number of the Beast“. We won’t get into any more specifics than that other than to mention that it is a pretty creepy-ass looking number.
Is G to the T run by a secret group of Al Pacino-esque figures that are working against the forces of good?
Maybe not but the otherwise boring-assness of that particular lobby is def working too hard to not be noticed…