Over the last several years, our subscribers have asked us to expand our tracking of auditor market intelligence to the Canadian market. We now have over seven years of audit fee data for Canadian filers, and we are happy to announce that … Continue reading
Monthly Archives: May 2015
Recent Restatement Trends by Canadian Filers
For the years 2012 through 2014, the number of Canadian restatements has been trending downward. Canadian filers issued 227 restatements in 2012, compared to 179 in 2014, a decrease of over 20%. As we documented in our 2014 Financial Restatements report, there … Continue reading
PCAOB Audit Committee Dialogue
The PCAOB’s May 2015 release of its Audit Committee Dialogue provides audit committee members of publicly traded companies with insight into concerns that have consistently arisen in discussions between audit committees and auditors over the past few years. In addition, the … Continue reading
SEC Comment Letters: A Five Year Trend
As we discussed in one of our previous posts, the number of SEC comment letters referring to issues in 10-K and 10-Q filings decreased about 25% in the first half of 2014, compared to the same period in 2013. But what about previous … Continue reading
Auditor Changes Roundup: Q1 2015
If you’ve been a regular reader of our quarterly Auditor Changes roundups, then it should come as no surprise when we say that the first quarter of 2015 was another good one for BDO. The global audit firm took first … Continue reading
Genworth Financial: Fewer Adjustments, But Controls Still Ineffective
As we discussed in our previous blog, the remediation of control deficiencies can be a lengthy and costly process. The case of Genworth Financials (NYSE: GNW) is no exception. Its most recent quarterly report, filed on Wednesday, April 29, states that its … Continue reading