During 2017, there were 4,184 insurance companies registered with the NAIC (National Association of Insurance Commissioners). Unless a company receives an exemption from filing an audited financial statement, doing so is required. Only around 100 companies received such an exemption … Continue reading
Monthly Archives: July 2018
PayPal: The Importance of Intangible Asset Impairments
In July 2017, PayPal Holdings, Inc. [PYPL] acquired Canadian payment-processing company TIO Networks for $238 million. The purchase price consisted of $66 million of technology and customer-related intangible assets, net assets of approximately $2 million and initial goodwill of approximately … Continue reading
Q2 2018 IPOs: Auditor Market Share and Stats
Overview There were 73 initial public offerings in U.S. markets between April 1, 2018, and June 30, 2018. These IPOs raised over $25 billion for the quarter, an increase of $7.3 billion from last quarter and over $10.3 billion from … Continue reading
SEC Comment Letters: A Seven Year Trend
It is time once again to look at macro trends in SEC Comment Letters. As with every year we will look primarily at comments from 10-K’s and 10-Q’s, but like last year we will also be analyzing 8-K’s and what … Continue reading
SOX 404 Disclosures: First-Time Auditor Attestations
In 2017, the administration proposed raising the bar to permanently exempt companies with market cap of less than $250 million from the audit attestation requirement – up from $75 million. The major goal of the proposal is to spur growth … Continue reading
SEC’s Focus in IPO Comment Letters
In a January 2016 post, we examined trends in IPO comment letters between 2013 and 2015, including several metrics designed to shed light on the length and level of detail of the pre-IPO review process. In this blog, we extended … Continue reading
Leading Auditors by ERISA Assets For Leading States
Last week’s post looked at the top five auditors for each of the leading states with the largest market share for the number of ERISA benefit plans. For this article, we breakout the top five auditors for each state by … Continue reading