Audit fees recovering from COVID drop
They've also tripled since the passage of Sarbanes-Oxley in 2022, according to a recent report.
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They've also tripled since the passage of Sarbanes-Oxley in 2022, according to a recent report.
Ernst & Young takes the top spot in the league tables of auditing public companies in 2021.
The first quarter of 2021 saw the highest initial public offering (IPO) activity in U.S. markets in at least 20 years, according to a recent study by Audit Analytics. There were 407 IPOs, the most in a quarter since 2000, that raised more than $134.6 billion, compared to 38 IPOs that raised $10.1 billion in the same period last year, according to the study. The data is derived from Audit Analytics’ IPO database, which covers IPOs filed with the Securities and Exchange Commission (SEC) since 2000. In 2021, 14 first-quarter IPOs were more than $1 billion, the research noted. Driving the surg...