Hain Celestial Group (NASDAQ: HAIN) announced on Monday, August 15 that it would delay the release of its fourth quarter and fiscal year 2016 financial results. The reason? The company was investigating certain revenue arrangements with distributors. During the fourth quarter, the … Continue reading
Author Archives: John Pakaluk
Auditor Changes Roundup: Q1 2016
The first quarter of 2016 was a relatively quiet one in terms of SEC-client auditor changes among the major global and national firms. EisnerAmper led the way with five wins and one loss, for a net increase of four new … Continue reading
Gift Cards a Present to Bottom Line
It’s already the end of April, with Christmas just a distant memory. And if you are anything like us, you’ve probably lost track of that gift card or two you weren’t able to use right away (or add to some smartphone app). Luckily … Continue reading
Auditor Changes in Canada: 2015
Audit fees for companies in Canada topped $1.6 billion in 2014, and the competition for those fees can be fierce. Last year, there were 318 total auditor departures, of which 81% were dismissals and 19% were auditor resignations. The estimated percentage of … Continue reading
What Depreciation at Intel says about Moore’s Law
For decades Intel (INTC) has been a flagship of innovation in semiconductors. Gordon E. Moore, one of Intel’s co-founders, made an observation back in 1965 that later became known as Moore’s Law. He postulated that the number of transistors in … Continue reading
Auditor Changes Roundup: 2015 Annual Summary
For the third year running, BDO USA led the way in new SEC audit client wins among the major global and national firms. The Top 10 firm increased its net SEC client count by 17, gaining 42 and losing 25. That continues … Continue reading
Is Contract Accounting under the Microscope?
Last week, news came out that the SEC was investigating Boeing Co. for possible irregularities in the company’s long-term contract accounting. (Bloomberg) The U.S. Securities and Exchange Commission is investigating whether Boeing Co. properly accounted for the costs and expected … Continue reading