Benjamin Franklin once noted that “in this world nothing can be said to be certain, except death and taxes.” While this maxim is perfectly applicable to mere mortals, public companies, at least in theory, can live on indefinitely. (According to … Continue reading
Monthly Archives: July 2016
Indefinitely Reinvested Foreign Earnings Still on the Rise
Foreign earnings of U.S. companies, especially those retained overseas as indefinitely reinvested, have received a lot of attention in recent years. Audit Analytics’ annual review of Indefinitely Reinvested Foreign Earnings – Balances Held By the Russell 1000 shows that the total disclosed amount … Continue reading
Pondering the SEC’s Next Move on Non-GAAP: Thoughts From Audit Analytics & Analyst’s Accounting Observer
Note: This post features a guest contribution from our friend Jack Ciesielski, the publisher of the Analyst’s Accounting Observer. Audit Analytics compiled data on recent SEC comment letters sent to companies regarding their presentation of non-GAAP earnings. Together with our friends at the … Continue reading
Q2 2016 IPOs: Auditor Market Share and More
Overview There were 40 initial public offerings in U.S. markets between April 1, 2016 and June 30, 2016, raising a total of $6.2 billion. Overall, there were more than three times as many IPOs and twice the amount raised compared to last … Continue reading
Conflict Minerals Update: Year 3 Brings Better Reporting
Note: This blog has been modified from its original version to clarify the distinction between reports that reached a “conflict-free” determination based on RCOI alone versus those that were based on an IPSA. This past spring marked the third year that Form SD Conflict Minerals disclosures … Continue reading
Disclosing the Impact of “Brexit”
Following the historic UK referendum on June 23, some analysts indicated that, up to that point, only a handful of companies had provided risk factors related to the potential consequences of a “Brexit”. Since then, the volume of such disclosures … Continue reading