Audit Analytics recently released its annual report covering audit and non-audit fees of SEC accelerated filers. The report is available free to subscribers or for purchase to non-subscribers. In the report, we studied the audit and non-audit fees paid by accelerated filers … Continue reading
Monthly Archives: August 2015
SEC Sweeps Up: Lumber Liquidators Faces Scrutiny
SEC comment letters are a good source of information about the inner workings of a company. Even if the company may be well covered in the press, SEC comment letters still can offer additional information or new points of view. Back in March 2015, Lumber Liquidators … Continue reading
Canadian Filers: Classification of Audit vs Non-Audit Fees
In a post from May, we provided an analysis of audit fees for Canadian companies whose filings are available through the SEDAR system. In 2007, we noted, non-audit fees were 29% of the total fees paid by all Canadian issuers. Over … Continue reading
Non-Audit Services Fee Cap: How Would U.S. Companies Measure Up?
In the new audit reform published last year by the EU Commission, one of the interesting stipulations includes a cap on fees for permitted non-audit services (NAS). Going forward, fees for non-audit services cannot exceed 70% of the average of … Continue reading
AAA Annual Meeting 2015 Recap
Audit Analytics was honored to participate at another successful Annual Meeting of the American Accounting Association. It was great to see so many friends and colleagues and talk about the latest research in the accounting field. Lots of professors this year … Continue reading
PCAOB Member Discusses Trends in Internal Control Audits
This past Saturday, PCAOB Board Member Jeanette M. Franzel presented a speech at the AAA Annual Meeting on current issues and trends in the audits of internal controls over financial reporting (ICFR). Relying significantly on data from Audit Analytics, Franzel’s speech discussed the impact … Continue reading
Auditor Tenure and Auditor Rotation among the Russell 3000
Last year, in a post about Honeywell International (NYSE: HON) switching auditors after a 45-year relationship with PwC, we looked at a sample of auditor tenure across the S&P 500. The main takeaway: long auditor tenure is not unusual in the U.S., and … Continue reading