As 2019 comes to an end, let’s look back at some of our top posts and topics we’ve covered this year. Quarterly Updates The following posts are updated each quarter: Auditor Changes IPOs: Auditor Market Share and Stats Annual Updates … Continue reading
Monthly Archives: December 2019
Seventeen Year Review of Audit Fee and Non-Audit Fee Trends
Audit Analytics has released its annual audit fees report, Seventeen Year Review of Audit Fee and Non-Audit Fee Trends, which focuses on the audit and non-audit fees paid and disclosed by accelerated and large accelerated filers over a seventeen-year period. A … Continue reading
An Updated Overview of KAMs
In a previous post, we looked at the Key Audit Matter (KAM) disclosures of more than 1,200 companies over the past three years and discussed some interesting trends. Now, just nine months later, Audit Analytics has added a significant amount … Continue reading
Revisiting Patent Litigation Venue Shopping After TC Heartland v. Kraft Foods
On May 22, 2017, the US Supreme Court issued an opinion in the matter of TC Heartland v. Kraft Foods Group Brands, LLC., a case that had been speculated to possibly change the distribution of where patent litigation cases are … Continue reading
A Spotlight on CAMs
Note: This post was updated to reflect the number of CAMs disclosed in the audit opinions of Large Accelerated Filers as of December 17, 2019. The Public Company Accounting Oversight Board (PCAOB) posted its first Spotlight yesterday, a publication highlighting … Continue reading
A Summary of FRC’s Developments in Audit 2019
On November 5, 2019, UK’s Financial Reporting Council (FRC) released its Developments in Audit 2019 survey to highlight the Council’s audit monitoring and enforcement results for the previous year. Included in the report are some observations on the current audit market … Continue reading
An Overview of Nineteen Years of Changes in Accounting Estimates
While some numbers in financial statements are relatively straightforward, others can be complex. Some of the more complex figures that are unable to be concretely quantified require management to make significant estimates. There are many components of financial statements that … Continue reading