Overview There were 44 initial public offerings in U.S. markets between July 1, 2017, and September 30, 2017, a decrease of
Category: Audit + Compliance
Canadian Controls – What is Disclosed and What is Not?
Let’s pretend for a second that Sarbanes-Oxley Act of 2002 (SOX) does not exist; auditing requirements for controls are absent and
Auditor Changes Roundup: Q2 2017
The second quarter of 2017 saw an increase in the number of SEC-client auditor changes among the major global and national
Q2 2017 IPOs: Auditor Market Share and More
Overview There were 64 initial public offerings in U.S. markets between April 1, 2017, and June 30, 2017, which doubled from
Biggest Percentage Movers in Audit Fees
With the 2017 proxy season in the rearview mirror, pretty much every major US company has reported fiscal 2016 audit fees
Auditor Changes Roundup: Q1 2017
Q1 2017 saw an increase in the number of SEC registrants who changed auditors compared to Q1 of last year. Overall, there were 48 new
Q1 2017 IPOs: Auditor Market Share and More
Overview There were 32 initial public offerings in U.S. markets between January 1, 2017, and March 31, 2017. These IPOs raised over $12.2
Reasons for an Amended 10-K: 2016
When a company files a 10-K, they are providing a substantial amount of information relating to their business including risk factors and financial
IPO Accounting and Legal Fees: 2016 Update
The average accounting and legal fees disclosed by IPO companies ticked up slightly in 2016. Average accounting fees increased 24% to
No Opinion, No Problem?
Your average audit opinion is a pretty ho-hum affair. Boilerplate language and standard, precise wording doesn’t make for an enthralling read
EBay Reports Material Weakness: Second Control Deficiency in Three Years
Last week on February 6, in its Fiscal 2016 10-K, eBay (EBAY) disclosed a material weakness in its internal controls over financial reporting (“ICFR“). The deficiency
Auditor Changes Roundup: 2016 Annual Summary
BDO USA continues to hold the top spot for new SEC audit client wins among the major global and national firms
Auditor Changes Roundup: Q4 2016
It was another quiet quarter in terms of SEC-client auditor changes. KPMG brought in four new SEC clients, the most for
Q4 2016 IPOs: Auditor Market Share and More
Overview There were 33 initial public offerings in U.S. markets in the fourth quarter of 2016, representing a decrease of 25%
Disclaimer of Opinion – have you ever seen one?
Non-standard audit opinions got their fair share of attention earlier this year in conjunction with the late filing of Valeant Pharmaceuticals.
Auditor Changes Roundup: Q3 2016
Auditor churn among SEC registrants in the third quarter of 2016 was relatively uneventful compared to last quarter. The most movement was with BDO, which had fifteen
IPO Accounting and Legal Fees: 2015 Update
The average total accounting and legal fees for IPO companies in US markets dropped again in 2015, continuing a downward trend
Q3 2016 IPOs: Auditor Market Share and More
Overview There were 44 initial public offerings in U.S. markets between July 1, 2016 and September 30, 2016, raising $7 billion.
2015 SEC Filing Highlights, Part 1 of 2
In this post, our second annual “best-of-the-year” review, we’ll look at 2015 filings for some of the highlights of the year:
SOX 404 Disclosures: A Twelve Year Review
Audit Analytics recently released a new report looking at trends in Sarbanes-Oxley (SOX) Section 404 disclosures, which pertain to Internal Controls over Financial
Auditor Changes Roundup: Q2 2016
The second quarter of 2016 had a slight increase in SEC-client auditor change activity from the first quarter. Marcum LLP, based