An expanded version of this article was first available through Accounting Quality Insights, powered by Audit Analytics, via Bloomberg, Refinitiv Eikon, FactSet and S&P Global. Contact us for the full article. On November 4, 2019, the Wall Street Journal (WSJ) published an … Continue reading
Author Archives: Nicole Hallas
Benford’s Law as a Quality of Reporting Indicator
There are several different tools and mathematical formulas that can be utilized to determine the strength of a company’s financial statements. One of the most intriguing and useful tools to detect accounting irregularities is the mathematical formula Benford’s Law – … Continue reading
Auditor Changes Roundup: Q3 2019
Assurance Dimensions, with a net of nine new SEC audit clients, accounts for the most new SEC audit clients among all firms in Q3 2019. As noted in Accounting Today, the acquisition of Soles Heyn & Company contributed to Assurance … Continue reading
Goodwill and Intangible Asset Impairments in S&P 500 – Part 2
This is Part Two of a two-part post analyzing goodwill and intangible asset impairments. In Part One of this post, we looked at overall trends with impairment charges related to goodwill and intangible assets in light of an FASB invitation … Continue reading
Trends in Cybersecurity Breaches Continue in 2019
An expanded version of this article was first available through Accounting Quality Insights, powered by Audit Analytics, via Bloomberg, Refinitiv Eikon, FactSet and S&P Global. Contact us for the full article. During the week of October 14, 2019, two companies … Continue reading
An Update on Critical Audit Matters (CAMs)
The disclosure of Critical Audit Matters (CAMs), as required by AS 3101, became effective for large accelerated SEC filers with fiscal years ending on or after June 30, 2019. The European counterpart – Key Audit Matters (KAMs) – have been required … Continue reading
Goodwill and Intangible Asset Impairments in S&P 500
In July 2019, the Financial Accounting Standards Board (FASB) issued an invitation to comment on identifiable intangible assets acquired in a business combination and the subsequent accounting for goodwill with the intention of determining if there is a cost benefit … Continue reading