General

Going concern statements and the long-term survival of the firm

Jan Bouwens (Professor of Accounting University of Amsterdam & Research fellow University of Cambridge) Auditors issue a going concern opinion that typically does not extend beyond one year in advance. The idea of that opinion is to draw attention to pressing issues the management of the firm has to deal with and stakeholders have to bear in mind when dealing with the firm. An important question is whether the existing going concern statement is sufficient…
Jan Bouwens
Jan Bouwens
7 min read
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139

Diversity and Equity virtual event

The EAA Virtual Activities Committee is glad to announce a new Diversity and Equity event on “Decolonizing the accounting curriculum”, in collaboration with the EAA Education Committee. Over the past years, “decolonization” has entered the language of universities (Sian, 2019; Subedi, 2013) and calls to decolonize research and teaching have gained traction across the accounting academe. There is also an increasing number of calls to specifically decolonize the accounting curriculum and pedagogy (e.g., Alawattage et…
ARC Commitee
ARC Commitee
5 min read
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273

EAA junior network – “Meet the Editors”: Beatriz Garcia Osma, European Accounting Review

Dear EAA members, EAA is pleased to continue the new series of “Meet the Editors” events. For the healthy future of our accounting academe, it is essential that PhD students and junior faculty learn how to navigate the increasingly high expectations set on the quality of research work. This series of events provides early career scholars with an opportunity to learn and discuss how to successfully manage the competitive process of paper publication. The second…
GIOVANNA MICHELON
GIOVANNA MICHELON
< 1 min read
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77

Who Audits Public Companies – The Netherlands 2020

This analysis was originally posted by Audit Analytics. In 2020, the Big Four continued their oligopoly across the top three indexes on the Euronext Amsterdam. However, unlike our previous analysis of 2019’s market share, EY no longer holds the highest market share alone. In addition to EY, Deloitte shares most of the Euronext Amsterdam, with both firms having 21 audits or 27.3% of the market share. In this post, we examine the auditor market share…
Audit Analytics
Audit Analytics
2 min read
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11

Who Audits Public Companies – United Kingdom 2020

This analysis was originally posted by Audit Analytics. This post is a part of Audit Analytics’ series on audit market concentration across select countries in Europe. Overall, the Big Four firms retained 84.3% of the market share for the major UK indices in 2020, a slight decline from the 88% market concentration seen in 2019.1 While PwC signed opinions for 27.5% of major LSE index-listed firms, the rest of the Big Four dropped to 56.8%…
Audit Analytics
Audit Analytics
5 min read
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95

Who Audits Public Companies – Spain 2020

This analysis was originally posted by Audit Analytics. The audit market for companies listed on the Bolsas y Mercados Españoles (BME) in Spain is highly concentrated; 21 accounting firms were engaged by 164 companies headquartered in Spain and listed on the Continuous Market at the end of 2020. This reflects an increase of five accounting firms and over 30 companies from 2019. The Big Four account for 77% of engagements, which is an 8% decrease…
Audit Analytics
Audit Analytics
3 min read
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10

Who Audits Public Companies – Italy 2020

This analysis was originally posted by Audit Analytics. For fiscal year 2020, the Big Four firms account for a staggering 98% of the market share across Italy’s top 100 companies on the FTSE MIB and FTSE Italia Mid Cap indexes. Capturing the other 2% of the market is BDO, with just two companies. Italy’s auditor market share for the top companies trading on the Borsa Italiana in 2020 looks similar to 2019, with five firms…
Audit Analytics
Audit Analytics
2 min read
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148

Who Audits Public Companies – Germany 2020

This analysis was originally posted by Audit Analytics. This post is a part of Audit Analytics’ series on audit market concentration across select countries in Europe. For fiscal year 2020, 10 accounting firms shared Germany’s audit market of the top companies comprising the DAX 40, MDAX 50, and SDAX 70 indexes trading on XETRA. Unsurprisingly, the Big Four accounted for 91.1% of the market share for these top companies, with KPMG leading as the auditor…
Audit Analytics
Audit Analytics
3 min read
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132

Who Audits Public Companies – France

This analysis was originally posted by Audit Analytics. This post is a part of Audit Analytics’ series on audit market concentration across select countries in Europe. The Big Four accounting firms are collectively engaged in 57% of all French engagements, unchanged from the previous year. Deloitte led the way with 16% of all engagements, followed by EY with 15%. Mid-tier firm Mazars was third with 14% of all engagements, while PwC and KPMG round out…
Audit Analytics
Audit Analytics
4 min read
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137

Financial Restatements in the UK

This analysis was originally posted by Audit Analytics. We will finish our review of accounting quality by looking at financial restatements in the UK. Over the past few years, the number of companies listed on the London Stock Exchange that have restated their financials has grown. This analysis includes companies listed on both the Main Market and the AIM Market. Trends in UK Financial Restatements: 2018 – 2020 In 2018, there were 73 restatements disclosed.…
Audit Analytics
Audit Analytics
3 min read
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