An analysis of the Russell 3000’s material litigation since January 1, 2015, yields over 2,500 cases filed in U.S. federal courts as of May 9, 2018. While the allegations in each case are unique, the five most common natures-of-suit (NOS) … Continue reading
Monthly Archives: May 2018
A Comparison of Audit Fees in the US and Europe
When considered as a percentage of revenue – a common metric in the industry – European companies paid noticeably less in audit fees for fiscal 2017 than did their US counterparts. In order to perform this analysis, we compared the … Continue reading
Who Audits Public Companies – 2018 Edition
In the last year, the population of this SEC registrant analysis has decreased from 6,460 registrants to 6,167, a difference of 293 companies, or 4.5%. The continued contraction in the number of smaller companies helped the top 10 firms that … Continue reading
EU Auditor Market Share: 2017 Audit Reports
Of more than 600 companies included in the major large and mid-cap indices in five of the largest countries in Europe, over 98% are audited by one of the Big Four. The remaining 1% were audited by either BDO or … Continue reading
SEC Comment Letters Every Analyst Should Read
As part of its requirements under the Sarbanes-Oxley Act of 2002, the SEC reviews the financial reporting of every public company at least once every three years. If the SEC has questions, the company will receive a SEC Comment Letter. … Continue reading
Impact of New Revenue Recognition Rule on the Russell 3000
As Russell 3000 public companies with December year-ends implement the new revenue recognition standard, we are beginning to see a pattern – smaller companies provide fewer details and generally are not as prepared as larger companies. Smaller companies may lack … Continue reading
Auditor Changes Roundup: Q1 2018
Heaton & Company, with a net of 18 new SEC audit clients, accounts for the most new SEC audit clients among all firms this quarter. Haynie & Company was not far behind with a net of 15 new SEC audit … Continue reading