Marcum LLP Is Top IPO Auditor in First Quarter 2019
New York City, NY – Marcum LLP was the top-ranked IPO auditor for the first quarter of 2019, according to Audit Analytics. Marcum completed more IPO audits than any other U.S. accounting firm and surpassed two of the Big Four firms in total capital raised by IPO clients.
Eight (20%) of the 40 IPOs occurring in the period ended March 31 were audited by Marcum. The transactions accounted for $896 million, or 11.5% of total capital raised by IPOs during the first quarter. This exceeded the combined total raised in IPOs audited by two of the Big Four and accounted for nearly a third (32%) of the capital raised by all non-Big Four transactions.
“The market for IPOs remains active and is likely to become even more active as the year progresses, now that the government shutdown is behind us and potential registrants can resume preparation for the going public process. Companies turning to the public markets for capital need experienced auditors who can help them prepare for the vigors of registration and regulatory compliance. It is critical that companies begin behaving like registrants well before a liquidity event, in order to demonstrate to investors that they have the intelligence, infrastructure, and management to thrive as public entities. Many of them turn to Marcum for our expertise and commitment to superior client service during what is certainly the most stressful time for IPO clients,” said David Bukzin, Marcum’s vice chairman and leader of the Firm’s national SEC Service Practice.
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 a top-ranked national accounting and advisory services firm dedicated to helping entrepreneurial, middle-market companies and high net worth individuals achieve their goals. Marcum offers industry-focused practices with specialized expertise to privately held and publicly registered companies, and nonprofit and social sector organizations. Through the Marcum Group, the Firm also provides a full complement of technology, wealth management, executive search and staffing, and strategic marketing services. Headquartered in New York City, Marcum has offices in major business markets across the U.S. and select international locations. Marcum is committed to the advancement of diversity, equity and inclusion. The Firm is a founding member of LEA Global and is the exclusive U.S partner firm of ECOVIS International. Ever wonder where the people with all the answers get all the answers? #AskMarcum.