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

Auditor Swap: Bubble Popped On EY’s Engagement with Sealed Air Corp.

Bubble Wrap maker Sealed Air Corp. disclosed in a securities filing earlier this week that it dumped EY as its external auditor and hired PwC, the Wall Street Journal reported yesterday. Now, EY losing an audit client isn’t all that shocking. According to Audit Anaytics’ recent analysis of auditor changes in the second quarter of […]

EY’s Response to N.Y. Lawmakers’ Letter About Sexual Harassment and Forced Arbitration Is As Bad As You’d Expect

Last week, Adrienne wrote about a letter 67 New York state legislators recently signed and sent to new EY Global Chairman and CEO Carmine Di Sibio denouncing the firm’s practice of forced arbitration agreements, especially in cases of sexual harassment and discrimination. The lawmakers wrote that EY’s forced arbitration policy silences victims of harassment and […]