Audit Analytics has become an integral part of the accounting research community. Cited in numerous scholarly papers and used by over 260 universities worldwide, Audit Analytics is a leading source for examining public company disclosures, issues, and trends. Audit Analytics provides … Continue reading
Monthly Archives: March 2018
New Tax Cut Law Is Complicating Fourth Quarter Earnings Data
The Tax Cut & Jobs Act law (TCJA) passed in a rush late last year is complicating how companies release their fourth quarter earnings data. The sweeping changes will significantly affect most large companies, and many of them took different … Continue reading
Reasons for an Amended 10-K: 2017
Annual reports, or 10-Ks, are known for their extensive information relating to all aspects of a company’s business. With that being said, these files leave plenty of room for missed or omitted information, misstatements, or other inadvertent errors. In such … Continue reading
Data Shows Little Variance in Auditor Tenure for Russell 1000
In this post, we provide an update to our previous article about auditor tenure and auditor rotation among the Russell 1000. Unsurprisingly, absent mandatory auditor rotation, there was little variance in tenure statistics between 2016 and 2017. Around 18 Russell 1000 … Continue reading
What are Companies Really Seeing, Revenue Growth or Accounting Adjustments?
With the new ASC 606 rule now in effect and earnings season in full swing, we are beginning to see how different companies changed the way they account for revenue. For some, it will improve fiscal 2018 financial results. If … Continue reading