Marcum on Pace with Big Four Firms in IPO Audits during the Third Quarter
New York City, NY – Marcum LLP performed audit services for seven IPOs in the third quarter of 2018, tying with one Big Four accounting firm in volume of transactions and outpacing another in capital raised, according to Audit Analytics.
Marcum’s seven IPO engagements represented 11% of the 65 total IPOs for the period and 28% of all IPOs when the issuer did not engage a Big Four audit firm. In addition, Marcum’s seven audit clients raised the most capital among non-Big Four IPOs, with a total of $1.22 billion or 29% of the category. Both measures put Marcum in the realm of the Big Four accounting firms.
Audit Analytics reported that the third quarter of 2018 had more IPO activity than any other third quarter since 2013.
“This was an especially active period for IPOs, and Marcum was well positioned to provide audit services to a significant number of the transactions in the emerging growth space,” said David Bukzin, national leader of Marcum’s SEC Services 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 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 select international locations. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting, and assurance services; advisory, valuation, and litigation support; managed accounting services; and an extensive portfolio of specialty and niche industry practices. The Firm serves both privately held and publicly traded companies, as well as nonprofit and social sector entities, 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.