Honeywell International (NYSE: HON) announced in an Item 4.01 8-K yesterday that, after the 2014 annual report was filed, the company would be engaging Deloitte as its independent auditor. On July 29, 2014, the Audit Committee approved the engagement of … Continue reading
Monthly Archives: July 2014
Auditor Changes Roundup: Q2 2014
In terms of SEC audit clients, BDO USA once again had another strong quarter. The Global Six firm added 12 clients and lost 6, for a net gain of 6 new clients in the quarter. The firm added 8 clients last … Continue reading
Initial Public Offerings: Q2 Activity Continues Momentum
Overview The number of companies going public in the United States continues to increase. According to an analysis of our IPO database, there were 91 IPOs in the second quarter of 2014, an increase of 17 percent compared to the … Continue reading
Late Financials – Time to Sell?
Thousands of NT (“non-timely”) filings are disclosed every year, but only a small percentage seems to trigger a significant market reaction. A non-timely filing is a notice that a company needs additional time to file periodic financial statements. (See here and here for more … Continue reading
Cybersecurity and Personal Information Held By Public Companies
In the wake of massive data breaches of customer information at Target and Ebay, cybersecurity has jumped to the forefront of corporate risk discussions. The stakes are high. Identity theft, credit card fraud, and monetary loss are some of the … Continue reading