As October comes to an end, many in Great Britain prepare to celebrate Guy Fawkes Day, memorializing the failed revolutionary Gunpowder Plot. A modern twist on the holiday, popularized by an anarchist movie, has the cyber world preparing as well – … Continue reading
Monthly Archives: October 2014
Q3 IPOs: Auditor Market Share and More
Overview There were 63 initial public offerings in the United States this past quarter, a decrease of about 30% compared to last quarter. In terms of total dollars raised, however, Q3 saw a significant increase. Thanks in large part to the … Continue reading
Auditor Changes Roundup: Q3 2014
KPMG, BDO, and Grant Thornton were the big winners among the top twelve accounting firms when it comes to new SEC client gains. But perhaps the biggest story of the quarter comes from Midwestern firm KLJ & Associates, which managed … Continue reading
Benford’s Law and Financial Statements
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Numbers are used for just about everything in the financial world. Companies report their results using numbers, investors trade in terms of numbers, and most everything is evaluated by numbers. On the face of financial reports, most of these numbers are … Continue reading
GT Advanced Technologies: Non-GAAP Signals
The number of (conspiracy) theories surrounding the recent bankruptcy of GT Advanced Technologies (GTAT) may soon exceed the number of words found in their last annual report. People eagerly speculate: was it mismanagement? an attack from Apple? a combination of the … Continue reading
Audit Fees and Non-Audit Fees: A Twelve Year Trend
Audit Analytics released its annual Audit Fee report yesterday. Titled “Audit Fees and Non-audit Fees: A Twelve Year Trend”, the report is available free to subscribers or for purchase to non-subscribers. Overall, the research showed that for 2013 the ratio of … Continue reading
GT Advanced Technologies: Red Flags Exhibited Prior to Bankruptcy
On October 6th, GT Advanced Technologies (GTAT) and its subsidiaries filed for bankruptcy protection under Chapter 11. Speculation about the company’s negative prospects were apparent after Apple decided not to use GT Advanced as a supplier for the behemoth’s latest iPhone. … Continue reading