Form 10-K, an annual report filed by US-based public registrants, is the most comprehensive source of information regarding a company’s financials and its underlying business. These reports are thoroughly scrutinized by investors and other users, which explains why they need … Continue reading
Monthly Archives: March 2020
Auditor Rotation on the FTSE MIB
The FTSE MIB is the benchmark stock index consisting of the 40 most traded companies on the Borsa Italiana. In this post, we’ll examine the auditor tenure and rotation for these companies. Though Italy formally adopted the EU Audit Reform Directive … Continue reading
An Updated Overview of CAMs
Critical audit matters (CAMs), as required by AS 3101, took effect for audits of large accelerated filers with fiscal years ending on or after June 30, 2019. The majority of large accelerated filers have fiscal years ending on December 31, … Continue reading
A Twelve Year Review of Canadian Audit Fees and Non-Audit Fees
In this post, we’ll take a look at the audit fees and non-audit fees disclosed by Canadian issuers that filed with SEDAR from 2007 to 2018.1 For Canadian companies, the compensation of the external auditor is disclosed pursuant to the Multilateral … Continue reading
SEC Provides Relief for Registrants Affected by Coronavirus
On Wednesday, March 4th, the US Securities and Exchange Commission (SEC) announced that it is providing conditional regulatory relief for publicly traded companies facing challenges from the impact of the coronavirus. The effects of COVID-19 may present challenges for certain … Continue reading
Auditor Changes Roundup: 2019 Annual Summary
Deloitte, with a net of 26 SEC audit clients, accounts for the largest number of new clients among all audit firms in 2019. Prager Metis followed with a net of 21 SEC audit clients. Deloitte’s 37 total engagements in 2019 … Continue reading