Overview There were 33 initial public offerings in U.S. markets in the fourth quarter of 2016, representing a decrease of 25% from the same period last year when there were 44 IPOs. The total amount raised this quarter was $7.8 … Continue reading
Monthly Archives: January 2017
Repatriation Tax Holiday: A “one-time” thing?
One of the points of the business tax plan that President Trump campaigned on was a provision that would permit companies to repatriate earnings held overseas at a one-time reduced rate of 10%: “It will provide a deemed repatriation of corporate … Continue reading
A Century of Opinions: Companies with auditor tenure over 100 years
Note: This post has been edited from a previous version. With the new Form AP auditor engagement requirements soon to be in place, there is much discussion surrounding tenure. In previous posts, we noted that average tenure is between 16-23 years. For this … Continue reading
Auditor Ratification: A closer look at votes against
While shareholders have the option to vote on their company’s auditor, the outcome is almost never in any dispute whatsoever. A recent analysis of shareholder votes filed between January 1, 2014, and December 31, 2016, shows that, on average, 98% … Continue reading
2015 Going Concerns – A Sixteen Year Review
Audit Analytics recently released a report looking at going concern opinions over the past sixteen years. 2015 Going Concerns – A Sixteen Year Review, analyzes going concern totals and percentages of total opinions by year, as well as information about … Continue reading
Sullivan & Cromwell Partner Named Next SEC Chairman
Last week, President-elect Donald Trump nominated corporate attorney Jay Clayton to replace Mary Jo White as the new SEC Chairman. Jay Clayton is a partner at Sullivan & Cromwell, where his practice includes public and private mergers and acquisitions, capital markets offerings, … Continue reading
A Look at Non-GAAP Reporting after New SEC Guidance
Audit Analytics released our latest report, Corporate Implementation of SEC’s Compliance & Disclosure Interpretations Regarding Non-GAAP Financial Measures, at this year’s annual AICPA conference on current SEC and PCAOB developments, held in Washington, D.C. We previously found that 449 of S&P 500 companies (88%) presented at … Continue reading