At this year’s annual Accountants’ Liability conference held in Washington, D.C., Audit Analytics’ CEO, Mark Cheffers, together with Robert Kueppers, former Vice Chairman at Deloitte, presented a comprehensive update on liability exposure issues faced by the accounting industry. Topics covered in their presentation included large … Continue reading
Author Archives: Mercedes Erickson
Peer Benchmarking and Trends in Executive Compensation: 2016 Update
The peer group that a company chooses is an important factor in corporate governance. As compensation consultant Pay Governance LLC recently noted in an article posted by the Harvard Law School Forum on Corporate Governance and Financial Regulation, “the vast majority of companies … Continue reading
PCAOB Member Updates Internal Control Analysis
At this year’s Annual Meeting of the American Accounting Association (AAA) held in New York City, Jeanette M. Franzel of the PCAOB presented an update on trends and issues concerning the COSO framework and Internal Control over Financial Reporting (ICFR). The presentation covered issues and … Continue reading
Finding & Filing Financial Restatements
While reviewing the results of our recent annual report on financial restatements, we noticed an interesting – although not unexpected – trend. Restatements are most commonly disclosed in the spring. A look through 8-K Item 4.02 Non-Reliance disclosures made between 1/1/11 and 12/31/15 show … Continue reading
FCPA Pilot Program Sees Results
Earlier this spring, the Department of Justice announced a pilot program for enforcing the Foreign Corrupt Practices Act (FCPA). The program, which credits companies for self-reporting FCPA related misconduct, is set to run for one year, at which time the … Continue reading
Review Notes, Volume 2
With filing season pretty much done and dusted, we can all take a deep breath and relax (for a minute or two). One thing we like to do around here is have a bit of a laugh at some of … Continue reading
2015 Financial Restatements Review
The annual Audit Analytics report on financial restatement trends is now available. This report, which includes data from the full year 2015, provides a detailed analysis and comparison of trends in financial restatements over a fifteen-year period. Restatement Trends Continue … Continue reading