New York City, NY – Marcum LLP continued to lead the accounting industry in IPO audit market share during the third quarter of 2016, with more IPO audit engagements than any other non-Big Four accounting firm. It was the fourth consecutive quarter that Marcum has been among the top five IPO audit firms in the U.S., according to Audit Analytics.
For the quarter ended September 30, Marcum held 28.5% of IPO transactions audited by non-Big Four firms and 9% of the market overall. Marcum’s performance over the first three quarters of the year was also strong, with a 21% share of IPO transactions among non-Big Four firms and 5% of all transactions industry-wide.
Marcum is a top national accounting and advisory firm with offices throughout the U.S., as well as Grand Cayman, China and Ireland.
“After starting the year at historically low levels, the IPO market began a modest recovery in the second and third quarters. Marcum’s commitment to client service, deep audit and compliance capabilities, and track record as a trusted advisor positioned us as the firm of choice for many of the companies undergoing the transition to public listing,” said David Bukzin, partner-in-charge of Marcum’s national SEC Services Practice group.
Marcum’s SEC Services Practice presents the industry-leading annual Marcum MicroCap Conference in New York City. For additional information, visit www.marcumllp.com/microcap.
Marcum is a registered Public Company Accounting Oversight Board (PCAOB) firm. Marcum's Assurance Division provides the most up-to-date service and guidance on SEC accounting and reporting issues. Services include Financial Statement Audits in accordance with PCAOB standards; Tax Compliance and Advisory Services; Due Diligence; Agreed-Upon Procedures and Other Attest Work; Internal Audit Services; Sarbanes-Oxley Section 404 Compliance Services and Software; Technical Accounting Assistance; and IPO Assistance.
For more information, visit www.marcumllp.com.
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting and assurance services; advisory, valuation and litigation support; and an extensive range of specialty and niche industry practices. The Firm serves both privately held and publicly traded companies, as well as high net worth individuals, private equity funds and hedge funds, with a focus on middle-market companies and closely held family businesses. Marcum is a member of the Marcum Group, an organization providing a comprehensive array of professional services. For more information, visit www.marcumllp.com.