In the past few years, the EU has been hit with several high-profile corporate failures and collapses: Carillion, Thomas Cook, Patisserie Valerie. Corporate failure affects not only the related shareholders, but also the confidence the public has in the sustainability … Continue reading
Author Archives: Madeleine Conley
Pledged Securities in SPACs Pose Double Risk
Pledging securities, when a beneficial owner pledges their company shares as collateral, poses significant risks to corporate governance and share price. This risk is heightened when securities related to a special purpose acquisition company (SPAC) investment are pledged, due to … Continue reading
The Risks of Long-Term Asset Valuation
Impairment has been a hotly debated issue as of late. Much of the discussion has focused on intangible assets, specifically debating the merits of impairment, depreciation, and amortization when recording the value of long-term intangible assets. The valuation of intangible … Continue reading
ExxonMobil, Impairments, and the SEC
On November 24, 2020, ExxonMobil Corporation [NYSE: XOM] issued a press release indicating that the company no longer plans to develop portions of its dry gas portfolio, resulting in after-tax impairments of $17-20 billion. Like its competitors, a portion of … Continue reading
BDO Acquires MBAF
Recently, BDO USA LLP announced the acquisition of Florida-based MBAF LLC. This merger is significant, as MBAF is currently the 38th largest accounting firm in the US and the largest in South Florida. MBAF is one of the largest Hispanic-owned … Continue reading
A Closer Look into Human Capital Management Disclosures
In 2017, the Human Capital Management Coalition petitioned the SEC to expand disclosures surrounding the human capital management policies, practices, and performance. In response to this request, after significant discussion, the SEC amended Regulation S-K Item 101(c) and required disclosure of … Continue reading
Leveraging the European Restatements Database
Audit Analytics recently released the European Financial Restatements database, filling a void in stakeholders’ ability to easily analyze restatements in context of the overall global market. The database contains 350 restatements from nearly 300 public companies listed on regulated exchanges … Continue reading