Cohen & Company, Grant Thornton, and Marcum, each with a net of three new SEC audit clients, account for the most SEC audit clients gained among all firms in Q3 2020. As mentioned in Accounting Today, EY had the most … Continue reading
COVID-19 Impacts on European Audit Opinions
This post will be updated to reflect the current number of European audit opinions citing the COVID-19 pandemic in a going concern opinion, key audit matter, or emphasis of matter. Overall Statistics As of the week ended 13 November 2020, … Continue reading
COVID-19 Lawsuits Continue to Pose Ongoing Risk
As the COVID-19 pandemic wears on and 2020 nears its end, one thing is abundantly clear: the vast, unprecedented impacts of the pandemic are going to be a part of the conversation moving forward. This conversation will be perpetuated by … Continue reading
Eighteen Year Review of Audit & Non-Audit Fee Trends
Audit Analytics’ most recent report, Eighteen Year Review of Audit Fee & Non-Audit Fee Trends, was released last week. Using data from our Audit Fees database, this report provides a detailed analysis and comparison of trends in audit and non-audit … Continue reading
COVID-19 Litigation Continues To Be Filed by Consumers and Employees
Since the start of the pandemic, Audit Analytics has identified over 120 instances of COVID-19 litigation. These include lawsuits that are filed directly referencing circumstances that would not otherwise exist outside of the coronavirus pandemic. There are a wide array … Continue reading
Dutch Company Struggling to Find Auditor
The public interest entity (PIE) audit market has been shrinking in the Netherlands in recent years, leaving only six players remaining on the field; a concerning trend we previously discussed this summer. Nevertheless, companies have been scrambling to find a … Continue reading
Reporting Error Corrections in the UK, EU, US, and Canada
Financial reporting and the subsequent correction of errors (or restatement) in financial statements differs from one jurisdiction to another. These differences are due to reporting mechanisms, local customs, and, of course, laws. Some of the key differences between various jurisdictions … Continue reading