November 10, 2015
Marcum LLP Featured in Inside Public Accounting Article, "Marcum Leads Non-Big 4 Accounting Firms in IPO Audits."
New York-based Marcum (FY14 gross revenue of $385 million) performed more audits in connection with Initial Public Offerings (IPOs) than all other non-Big 4 accounting firms year-to-date.
The firm completed 10 IPO audits from January through September according to Audit Analytics, giving Marcum a 6% market share and placing the firm among the top five ranked audit firms in the country for the first three quarters of 2015.
"The momentum in our IPO audit practice to date in 2015 is a reflection of the trust our clients place in Marcum and our commitment to delivering superior service to support their growth and success," says David C. Bukzin, PIC of Marcum's SEC services practice group. "Furthermore, it is a reflection of the quality of our audits and their acceptance by the investment community. It highlights the growing notion that a company need not engage a Big 4 firm to complete an IPO. The fact that 34% of all IPOs during 2015 were audited by non-Big 4 firms reflects our belief that bigger is not always better and that not every organization is best served by a Big 4 auditing firm."