Audit Analytics released its annual Financial Restatements report this week. This report examines the trends and statistics of financial restatements filed with the Securities and Exchange Commission since 2002. Using data from the Audit Analytics Restatements database, the report takes … Continue reading
Monthly Archives: May 2022
Auditor Changes in Canada: 2021
In 2021, Canadian auditor departures increased by 68.3%. Throughout the year, 387 departures occurred, compared to 230 departures seen in 2020. The percentage of departures classified as resignations saw a slight increase, with 25% of auditor departures attributed to resignations in … Continue reading
IPOs Cool Off: Q1 2022 IPO Trends
Eighty-four companies conducted initial public offerings (IPOs) on the NYSE and Nasdaq during the first quarter of 2022. These companies raised a total of $11.3 billion. Special purpose acquisition companies (SPACs) continued to outpace traditional IPOs, representing about two-thirds of … Continue reading
Cannabis Market Audit Firm Landscape
The cannabis public company market is growing fast into a valuable, widespread industry. Audits of these cannabis companies are unique, requiring an understanding of the market and diverse operations. The industry includes companies with operations that directly handle cannabis, such … Continue reading