Note: This article was first available to subscribers of Accounting Quality Insights by Audit Analytics on Bloomberg, Eikon, FactSet, and S&P Global. It was recently reported that customers of Chipotle Mexican Grill Inc. [CMG] were targeted by a cyber attack … Continue reading
Author Archives: Derryck Coleman
Slow Adoption Progress of ASC 842 – Leases
Note: This article was first available to subscribers of Accounting Quality Insights by Audit Analytics on Bloomberg, Eikon, FactSet, and S&P Global. Now that the new lease accounting standard ASC 842 is effective, we see that public companies are progressing … Continue reading
Recognizing Challenges of New Revenue Recognition Rule
Note: This article was first available to subscribers of Accounting Quality Insights by Audit Analytics on Bloomberg, Eikon, FactSet, and S&P Global. For recent updates, please contact us. Introduction For nearly two years, we have monitored U.S. public companies’ progress … Continue reading
What Caused SEC Investigation for Healthcare Services Group, Inc.?
Note – This article has been updated to clarify the following: In the notification of late filing for their 2018 annual report, Healthcare Services Group disclosed the receipt of an SEC subpoena, after nearly 18 months of investigation. Previously, the … Continue reading
Trends in Cybersecurity Breach Disclosures
In our latest report, Trends in Cybersecurity Breach Disclosures, we delve into the trends and statistics of public company cybersecurity and cyber disclosure. Over the past ten years, cybersecurity has become a greater threat for public companies, as both business and commerce have become … Continue reading
Long-Term Capital Market Consequences of Financial Restatements
Key Findings Computing the cumulative average abnormal return (CAAR) to document market reaction after a financial restatement, we found no significant abnormal returns in either the first 30-day window following the date of restated financials or after a 90-day window for … Continue reading
Ollie’s Bargain Outlets’ Elimination of Critical Accounting Disclosure Draws SEC Attention
Retailer Ollie’s Bargain Outlet Holdings, Inc. [OLLI] recently drew the SEC’s attention when the company said it would eliminate all of its critical accounting estimates. The SEC requires companies to make critical accounting disclosures when a firm must make judgment … Continue reading