Compustat North America & Auditors

The last few post-crisis years there has been a lot of criticism of auditors who audit company accounts. This makes it interesting to find out more about them. For companies in the United tates a good and easy to use database that lists auditors and more data is Audit Analytics (see previous posts). If you are interested in just brief information on auditors it is also possible to use Compustat North America. The information is available through the part database Fundamentals Annual.

One of the Auditor items is the variable that lists the name: AU — Auditor. Other items are: AUL3 — Assets Level3 (Unobservable), AUOP — Auditor Opinion, AUOPIC — Auditor Opinion – Internal Control, RMUM — Auditors´s Remuneration. The auditor name information for this database only goes back to 1996 for International companies. For domestic companies (USA) more historical data may be available.

When you select the Autor Name variable (AU) you get a code for the auditor in your download. The code corresponds to the name of an auditor. In the manual or help information you can find out which codes represent which auditors. Here you find the codes for the “big four”:

  • 04 Ernst & Young (Ernst & Whinney from July 1, 1989 to September 29, 1989; Ernst & Ernst prior to July 1, 1989)
  • 05 Deloitte & Touche (Deloitte, Haskins and Sells prior to December 4, 1989; Haskins & Sells prior to May 1, 1978)
  • 06 KPMG (Peat, Marwick, Mitchell prior to April 1, 1987)
  • 07 PricewaterhouseCoopers (Price Waterhouse prior to July 1, 1998 merger with Coopers and Lybrand)

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