Marcum LLP Recognized in National Ranking of SEC Audit Firms
Firm Added to ANR's Prestigious List of "Non-Big Four National Auditing Firms"
NEW YORK, May 23, 2011 -- Marcum LLP, one of the largest independent public accounting and advisory services firms in the nation, today announced that it has been added to the listing of "non-Big Four national auditing firms" by Accounting News Report's (ANR) Auditor Rankings, Marcum's first-ever addition to the prestigious national firm individual breakout group. ANR also publishesquarterly Auditor Change Rankings which evaluate the Big Four and the other seven national auditing firms based on their changes in auditing publicly-traded companies for the calendar year.
"The current era of increasing regulatory scrutiny has created an undeniable drive for auditor quality," said David Bukzin, Partner-in-Charge of the Securities and Exchange Commission (SEC) Assurance Practice at Marcum LLP. "Our inclusion by ANR among the nation's 'non-Big Four national auditing firms' is validation for what our clients have known all along: that Marcum's SEC assurance services are among the nation's best in terms of quality-of-service, efficiency, integrity and technical expertise."
The ranking is a direct reflection of the quality of Marcum's growing practice, the ninth largest SEC practice in the nation among the top 100 firms according to AuditAnalytics.com. During the first quarter 2011, Marcum won four new SEC client engagements.
"Marcum's inclusion among the top national auditing firms is a testament to the tremendous technical skill of our SEC practice as well as the dramatic growth taking place here at the firm," said Jeffrey M. Weiner, Managing Partner of Marcum LLP. "Within the past 36 months, we've executed on our strategic plan to grow from a regional firm to a national player. Today, we have one of the top ten largest SEC assurance practices in the U.S., which is aligned with our goal to be a true alternative to the Big Four."
Marcum's SEC assurance practice provides a variety of services to public companies, including:
Annual Audits and Periodic Filing Requirements of theSecurities and Exchange Act of 1934
Private Placement memorandums and offerings exempt fromregistration under Regulation D
Quarterly Reviews in compliance withSAS100
Mergers and acquisitions
IPOs and Registration Statements of the Securities andExchange Act of 1933
Reverse mergers and recapitalizations
Investment Company Act of 1940Compliance
Special Purpose Acquisition Companies (SPACs)
Audit committee guidelines
Going private transactions
Tax planning and compliance
Advising businesses on raising capital and securingfinancing
International Tax and Transfer Pricing Advisory Services
Internal audit function
Systems Analysis and consulting
Back office services
Marcum LLP is registered with the Public Company Accounting Oversight Board (PCAOB), complies with the quality control standards established by the American Institute of Certified Public Accountants (AICPA) and adheres to a program that addresses independence, integrity, and objectivity; personnel management; acceptance and continuance of clients; engagement performance; and monitoring.
Marcum's review department serves as a technical resource for guidance with respect to Generally Accepted Accounting Principles (GAAP), Generally Accepted Auditing Standards (GAAS), SEC Compliance, and all other accounting and audit-related issues. Marcum is also reviewed tri-annually by a process called "Peer Review" to ensure it meets, adheres to, and is in compliance with the standards established by the SEC Practice Section of the AICPA.
In addition to performing audits on financial statements of its regular clients, Marcum performs specialty audits and offers a vast array of services to specialty industries.
The members of Marcum's SEC practice provide counsel on the complex rules associated with regulatory compliance and each receive ongoing education and training in SEC accounting and reporting issues.
ANR's Auditor Change Rankings are based on quarterly SEC auditor change data compiled by AuditAnalytics.com. Standings are determined by weighting net gains in market cap audited, net gains in revenue audited, net gains in assets audited, net SEC engagement wins, and net gains in audit fees. For the full ranking, visit http://accountingnewsreport.com/wp-content/uploads/2011/04/Q1-Audit-Rankings.pdf.
About Marcum LLP
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation. Ranked among the top 15, Marcum LLP offers the resources of 1,100 professionals, including over 130 partners, in more than 20 offices throughout New York, New Jersey, Massachusetts, Connecticut, Pennsylvania, California, Florida, Grand Cayman and China. Headquartered in New York City, the Firm's presence runs deep with full-service offices strategically located in major business markets. Marcum is a member of the Marcum Group, an organization providing a comprehensive range of professional services spanning accounting and advisory, technology solutions, wealth management, and executive and professional recruiting. The Marcum Group companies include Marcum LLP; Marcum Technology LLC; Marcum Search LLC; Marcum Financial Services LLC; Marcum Bernstein & Pinchuk LLP; MarcumBuchanan Associates LLC; and Marcum Cronus Partners LLC.