Readers of this blog are certainly familiar with the Big Four and the Global Six, but there are a number of firm “alliances” that, while quite large and active, are perhaps not as well known. In particular, the member firms … Continue reading
Monthly Archives: June 2017
Wealth Magnets: Assets Under Management at Top CPA Financial Planners
Accounting Today recently released a report on Wealth Magnets: Facing Down Uncertainty by Daniel Hood. Data provided by the Audit Analytics Registered Investment Adviser database showed the top-ranking CPA firms by assets under management (AUM). In addition, some of the … Continue reading
When do Companies Change Auditor?
Does the timing of an auditor change have any significance? Since the majority of companies have a fiscal year end date on or around December 31, the expectation is that the majority of changes would occur around the filing of … Continue reading
Biggest Percentage Movers in Audit Fees
With the 2017 proxy season in the rearview mirror, pretty much every major US company has reported fiscal 2016 audit fees by now. As we reported last year, audit fees on the whole have remained relatively flat for the past … Continue reading
SEC Comment Letters: A Six Year Trend
In this annual blog, we aim to discuss macro trends in SEC Comment Letters issued between 2010 and 2016. We typically focus on comments related to annual and quarterly filings of 10-K filers. This year, however, we provide some insight … Continue reading
2016 Financial Restatements Review
The annual Audit Analytics report on financial restatement trends is now available. This report provides a detailed analysis and comparison of trends in financial restatements over a sixteen-year period. As summed up by the Wall Street Journal, 2016 has seen an … Continue reading
Six Months to New Revenue Standard Deadline
ASC 606 becomes mandatory for all public companies at the end of 2017. A few months ago, we noted that a small number of S&P 500 companies reported their intent to adopt the new standard early; a bold move, considering that ASC … Continue reading