The uncertainty caused by COVID-19 is causing companies in Europe to reevaluate their ability to continue as a going concern. A going concern modification is the expressed uncertainty that a company is unable to continue in the near future. Generally … Continue reading
Author Archives: Derryck Coleman
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
No Critical Audit Matters Identified for Redfin Corp.
Critical audit matters (CAMs), as required by PCAOB Auditing Standard 3101 (AS 3101), took effect for audits of large accelerated filers with fiscal years ending on or after June 30, 2019, and on or after December 15, 2020 for all … Continue reading
What Investors Need to Know About Audits
On Monday, November 4, 2019, the CFA Society of New York hosted What Investors Need to Know About Audits, a forum that focused on the state of today’s audit process, how it has and continues to change over time, and … Continue reading
When Does Insurance Cover Cyberattacks?
This article was first available to subscribers of Accounting Quality Insights by Audit Analytics on Bloomberg, Eikon, FactSet, and S&P Global. In 2014, global life sciences technology company Medidata Solutions [MDSO] fell victim to a “phishing” attack, losing nearly $5 … Continue reading
Credential Stuffing at Chipotle Mexican Grill Inc.
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
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