As 2018 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: IPOs: Auditor Market Share and Stats Auditor Changes Annual Updates … Continue reading
Author Archives: Jessica McKeon
A Look at Top SEC Comment Letter Issues in 2018
The number of SEC comment letters has been declining for nine consecutive years. During the first nine months of 2018, 2,174 letters were filed1 (831 CORRESPs and 1,343 UPLOADs) – a decrease of 40% from the 3,629 letters that were … Continue reading
PCAOB Announces 2018-2022 Strategic Plan
On November 15th, the Public Company Accounting Oversight Board approved its 2018-2022 Strategic Plan. “The Board’s adoption of the strategic plan and accompanying budget paves the way for fulfilling our shared vision for the PCAOB,” said PCAOB Chairman William D. Duhnke. … Continue reading
Long-Term Trends in Non-GAAP Disclosures: A Three-Year Overview
Regulation G, adopted by the SEC in 2003, established a regulatory framework that companies must follow to present metrics that are not calculated in accordance with GAAP. Regulation G defines a non-GAAP metric as a numerical measure that excludes amounts … Continue reading
SOX 404 Disclosures: A Fourteen Year Review
The Sarbanes-Oxley Act of 2002 was passed by Congress to better protect investors. Section 404 of this act (SOX 404) requires companies to review their internal controls over financial reporting (ICFR) and declare whether they are “effective” or “ineffective”. In … Continue reading
A Closer Look at Votes Against Auditor Ratification
While shareholders have the option to vote on their company’s auditor, the outcome is almost never in dispute. A recent analysis of shareholder votes filed between January 1, 2015, and December 31, 2017, shows that, on average, 98.7% of votes … Continue reading
Going Concerns – A Seventeen Year Review
Audit Analytics annual report, 2016 Going Concerns – A Seventeen Year Review, is now available. This report, which looks at going concern opinions over the last seventeen years, analyzes going concern totals and percentages of total opinions by year with a … Continue reading