Are the dominant SPAC auditors up to the job?
There's a lot of work primarily flowing to only two firms. Are they getting paid enough to perform their market gatekeeper duties?
There’s been some outstanding reporting on SPACs in the last year, and especially in the last six months.
So, as my former editor at MarketWatch used to say, I had to find my angle on the story. I waited. I don’t do microcaps and I don’t often comment on non-Big 4 auditors. SPACs had previously been combinations of blank-check shell companies with develo…