August 01, 2016
Marcum LLP Leads in SEC Audit Clients and IPO Market Share for First Half of 2016
New York City, NY - The SEC Practice group of Marcum LLP, a top national accounting and advisory services firm, led the accounting industry on two important benchmarks in the first half of 2016. Marcum ended the period with the most net new SEC clients of any U.S. accounting firm and was also the leader in IPO audit market share among non-Big Four firms.
According to Audit Analytics, Marcum had a net gain of 11 SEC clients from January through June, outperforming all other accounting firms. The growth was nearly double the next nearest net gainer.
In addition, Marcum was also the top-ranked IPO auditor after Big Four firms for the first six months of the year, with a 17% market share of transactions audited by middle-market firms.
"Marcum's commitment to client service, our deep capabilities in compliance and audit services, and our track record as a trusted advisor have combined to keep our SEC Practice at the forefront of the industry even in this year’s difficult market," said David Bukzin, partner-in-charge of Marcum's national SEC Services Practice group. "While the environment for IPOs remains significantly less robust so far in 2016 as compared to last year, we did see a pick up in the second quarter. If this trend continues, more companies will be looking for services as they ramp up to going public. The IPO process is not to be taken lightly; companies will have whole new constituencies for which they will need to perform, including shareholders, regulators and the market itself. Preparation requires that they start behaving like public companies a full year or more before they pull the trigger. I always tell clients that when you go public, you go from having one business to having two businesses -- the business that got you to become public and the business of being public. You have to consider the two as equals in order to have public company success."
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., 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.