An analysis of accounting and legal fees disclosed by IPO companies shows that these fees have increased dramatically in the past two years, especially in 2013. About a year ago, Audit Analytics looked at a five year trend in accounting and … Continue reading
Monthly Archives: March 2014
Restatements: What’s in a Name?
Would a restatement by any other name still seem as bad? Financial restatements are increasingly leaving out a crucial word in their disclosures: “restatement” – the thing itself. This coincides with the continuing increase in the percentage of revision restatements, i.e., … Continue reading
Defendant Representation in Shareholder Class Actions
Early last week, Fortune had a very interesting article about an upcoming Supreme Court case that’s set to consider the “fraud on the market” doctrine. It asked whether the decision might spell “Armageddon” for shareholder class action suits. The fraud-on-the-market doctrine … Continue reading