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SubscribePCAOB Publishes New Edition of Data Points on Auditors of SPACs at IPO
Today, the PCAOB released a new edition of Data Points: “Auditors of SPACs at IPO.”
From January 2015 through August 2025, 1,291 special purpose acquisition company (SPAC) initial public offerings (IPOs) listed on U.S. exchanges. At the time of their IPO, over 90% of these SPACs were audited by firms outside the six largest global accounting firm networks, with two such firms auditing more than 75% of these SPACs.
Prepared by the PCAOB’s Office of Economic and Risk Analysis (OERA), the Data Points series presents concise, data-driven insights relevant to audits. Each edition of Data Points offer neutral, factual information drawn from PCAOB datasets and other available sources.
Visit the Data Points page to find all editions in the series.
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About the PCAOB
The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers registered with the Securities and Exchange Commission, including compliance reports filed pursuant to federal securities laws.