The Tax Cut & Jobs Act law (TCJA) passed in a rush late last year is complicating how companies release their fourth quarter earnings data. The sweeping changes will significantly affect most large companies, and many of them took different … Continue reading
Author Archives: Kati Skurka
Auditor Changes in Canada: 2017
Auditor departures for public companies in Canada continue to decline, with 264 departures in 2017 compared with 284 in 2016 (2015: 318). Dismissals continue to comprise the bulk of auditor departures, with 231 (88%) dismissals and 33 (13%) resignations. National … Continue reading
Error Corrections – A Look at Adjustment and Restatement Trends
Accounting corrections are arguably one of the most important metrics in understanding trends in financial reporting. In some of our previous blogs, we discussed the differences between material and immaterial errors, and different regulatory requirements associated with different types of … Continue reading
Adopting the 2013 COSO Framework: Fiscal 2016 Update
By now, every company should be using the COSO 2013 Framework in conjunction with their annual evaluations. In updating last year’s analysis, we discovered otherwise. Although the original version of the framework released in 1992 was superseded by the 2013 … Continue reading
Auditor Changes in Canada: 2016
Last year, there were 284 auditor departures (down from 318 in 2015) with the majority of auditor changes attributed to dismissals (85%) and the remaining 15% to resignations. The table below presents wins and losses for the Big Four and top … Continue reading
IPO Market Trends 2000-2016
The IPO market has been steadily declining since the early 2000’s. The following graph presents the number of IPOs on the US stock exchanges per year since 2000. There are a number of factors that are believed to contribute to … Continue reading