Remember this chart from last month?
#CPA link: Mo' Money, Mo' Problems: Faulty Big Four audits climb (along with their fees) http://t.co/M57S1ovtX9 pic.twitter.com/4wHa1xmQ9h
— Rick Telberg (@CPA_Trendlines) August 15, 2013
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:
Auditor market share for 142 IPOs in 2013: EY (35%), PwC (24%), DT (13%), KPMG (10%), GT (5%), BDO (5%), other (8%).
— Audit Analytics (@AuditAnalytics) September 3, 2013
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.
