On Monday, November 4, 2019, the CFA Society of New York hosted What Investors Need to Know About Audits, a forum
Category: Financial Restatements
2018 Financial Restatements Review
The annual Audit Analytics report on financial restatement trends is now available. This report provides a detailed analysis and comparison of trends in financial restatements
Long-Term Capital Market Consequences of Financial Restatements
Key Findings Computing the cumulative average abnormal return (CAAR) to document market reaction after a financial restatement, we found no significant abnormal
Audit Analytics now Offers Accounting Quality Insights
Audit Analytics is proud to announce Accounting Quality Insights, our newest research product geared towards investors and financial professionals. Accounting matters
Due Diligence with Audit Analytics
Dixon Hughes Goodman LLP on Audit Analytics Headquartered in Charlotte, NC, Dixon Hughes Goodman LLP boasts over 2,000 employees and ranks
Audit Analytics for Regional Accounting Firms
Frazier & Deeter LLC is a full-service accounting firm, headquartered in Atlanta, Georgia. Operating across all industries, Frazier & Deeter offers
Clark Nuber Leverages Audit Analytics for Non-SEC Opportunities
Clark Nuber P.S. is a CPA and consulting firm located in the Seattle Metro Area. With a staff of over 200
Five Years of Restatements Following Internal Investigation for MiMedx Group, Inc.
On June 7, 2018, MiMedx Group, Inc. [MDXG], a biopharmaceutical company, announced that the Company is going to restate previously filed
2017 Financial Restatements Review
The annual Audit Analytics report on financial restatement trends is now available. This report provides a detailed analysis and comparison of trends in financial
Audit Analytics for the Classroom
Audit Analytics has become an integral part of the accounting research community. Cited in numerous scholarly papers and used by over 260
Reasons for an Amended 10-K: 2017
Annual reports, or 10-Ks, are known for their extensive information relating to all aspects of a company’s business. With that being
Early Indicators Predict an Uptick in Revenue Recognition Accounting Failures
We have been asked several times whether or not the adoption of the new revenue recognition standard will cause an increase
Error Corrections – A Look at Adjustment and Restatement Trends
Accounting corrections are arguably one of the most important metrics in understanding trends in financial reporting. In some of our previous
Top Five to Celebrate First Five
We published our first blog post in October of 2012. Over the past five years, our analysts have shared their insights into
Predicting Material Weakness
Audit Analytics has released a white paper, Predicting Material Weakness, which discusses how certain company events and disclosures—such as late filings,
Perrigo Restates to Correct More Than $1 Billion in Errors
Restatements are notoriously hard to predict, yet, in some cases the writing is on the wall, or in Perrigo’s case, a late
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
What’s Next for Perrigo?
In April 2016, the then-CEO of Perrigo (PRGO), Joe Papa, left the company to join the troubled pharmaceutical giant Valeant (VRX). On
The Impact of SOX on Financial Restatements
With the hint of deregulation in the D.C. air, some sense the opportunity – or risk, depending on your point of
Warning Signs Leading to Securities Litigation
Over the past 10 years, major drivers behind securities litigation were either financial restatements and misrepresentations or significant corporate events (such as
Literature Review: “Qualitative Characteristics of Financial Reporting Errors Deemed Immaterial by Managers”
In this post, we look at a recent paper titled “Qualitative Characteristics of Financial Reporting Errors Deemed Immaterial by Managers” by Preeti Choudhary, Kenneth