Form 10-K, an annual report filed by US-based public registrants, is the most comprehensive source of information regarding a company’s financials and its underlying business. These reports are thoroughly scrutinized by investors and other users, which explains why they need … Continue reading
Author Archives: Kristyn Plante
Adopting the 2013 COSO Framework: Fiscal 2017 Update
On May 14, 2013, COSO released an updated version of its Internal Control – Integrated Framework. The original version, which was released in 1992, was superseded by the 2013 version – effective for fiscal years ended after December 15, 2014. … Continue reading
An Eleven Year Review of Canadian Audit Fees and Non-Audit Fees
In this analysis, we examined trends in Audit Fees and Non-Audit fees (calculated as sum of audit-related fees, tax fees and all other fees) disclosed by Canadian issuers that filed with SEDAR1. For Canadian companies, the compensation of the external … Continue reading
SEC’s Focus in IPO Comment Letters
In a January 2016 post, we examined trends in IPO comment letters between 2013 and 2015, including several metrics designed to shed light on the length and level of detail of the pre-IPO review process. In this blog, we extended … Continue reading
Data Shows Little Variance in Auditor Tenure for Russell 1000
In this post, we provide an update to our previous article about auditor tenure and auditor rotation among the Russell 1000. Unsurprisingly, absent mandatory auditor rotation, there was little variance in tenure statistics between 2016 and 2017. Around 18 Russell 1000 … Continue reading
Canadian Controls – What is Disclosed and What is Not?
Let’s pretend for a second that Sarbanes-Oxley Act of 2002 (SOX) does not exist; auditing requirements for controls are absent and legislation surrounding disclosures is significantly reduced. Would companies voluntarily report controls information? If so, how detailed would that information … Continue reading
When do Companies Change Auditor?
Does the timing of an auditor change have any significance? Since the majority of companies have a fiscal year end date on or around December 31, the expectation is that the majority of changes would occur around the filing of … Continue reading