Who Audits Public Companies – Spain 2021

Screenshot of the first page of Who Audits Public Companies â__ Spain 2021
Nicole Hallas and Sarah Keohane, Audit Analytics

The audit market for Bolsa de Madrid listed companies that comprise the three IBEX indices in Spain remains highly concentrated. The 84 companies on the top market cap índices – IBEX 35, IBEX Medium Cap and IBEX Small Cap – are all audited by a total of five accounting firms. Together, the Big Four audit firms account for 99% of engagements on these indices as of fiscal year-end 2021. Marzars held the remaining market share. The addition of Mazars in this market represents a departure from the market share seen in 2020 and 2019.

In this article, Audit Analytics further examines Spain’s audit market of the top companies for fiscal year 2021.

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