February 16, 2016
Marcum Leads Non-Big Four Accounting Firms in IPO Audits for 2015
New York City, NY - Marcum LLP performed more audits in connection with Initial Public Offerings ("IPOs") in 2015 than all other non-"Big Four" accounting firms, according to industry tracker Audit Analytics. Marcum completed the year as the top-ranked non-Big Four firm both in the fourth quarter (3 IPO audits, or 7% market share) and for the full 12-month period, with an annual total of 13 (6% market share).
"We are extremely encouraged by the trend we saw in our IPO audit business throughout 2015. Marcum's consistent growth in this practice area and our performance as the industry leader among non-Big Four firms confirms that clients are recognizing the skills as well as the commitment to success that we bring to transactions," said David C. Bukzin, partner-in-charge of Marcum's SEC Services Practice group. "The steady IPO activity we saw last year has retrenched during the first quarter thus far, as the result of turmoil in the market. While it is difficult to foresee whether IPOs will rebound in 2016, Marcum is starting the year from a position of strength and looks forward to continuing to grow our IPO business as market conditions solidify."
Marcum is nationally recognized in the emerging company market for the annual Marcum MicroCap Conference, a forum where publicly traded companies with less than $500 million in market capitalization can network with the investment community. The conference features presentations by CEOs and CFOs from seven principal industry sectors, expert panels moderated by industry leaders, and the opportunity for management teams from presenting companies and investors to meet on a one-on-one basis. The 2016 conference will take place June 1-2. Information is available at 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.
About Marcum LLP
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., Grand Cayman and China. 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.