The number of SEC registrants increased 0.7% since last year, climbing from 5,985 in 2020 to 6,030 in 2021. 2021 is the second year in a row we’ve observed an increase in SEC registrants. This pattern is a departure from … Continue reading
Author Archives: Nicole Hallas
A Closer Look at Votes Against Auditor Ratification – 2020
An analysis of shareholder votes filed between January 1, 2018, and December 31, 2020, shows that, on average, roughly 98% of votes were cast in favor of auditor ratification.1 Votes against auditor ratification comprised 2.0% of the total votes; abstained … Continue reading
AQRM Red Flags: Insiders
The Audit Analytics Accounting Quality + Risk Matrix (AQRM) makes it easy to identify accounting, audit, and governance red flags for public companies. This blog series breaks down the risks associated with specific firm-level events included in the AQRM. Red … Continue reading
SEC Enforcement Actions Reveal Continuing Importance of Accurate Disclosures
The SEC recently announced settled charges with Under Armour [NYSE: UAA] related to certain disclosure failures and making misleading statements to investors. The charges were notable, as the SEC enforcement action alleged that Under Armour engaged in manipulative revenue practices … Continue reading
Snapshot: Companies with Revenue Between $10M and $150M
Audit Firm Market Share The Big Four – Deloitte, EY, KPMG, and PwC – largely dominate audit firm market share for SEC registrants. However, the landscape varies substantially depending on the size of the company. The Big Four globally dominate … Continue reading
Importance of Internal Controls for Cybersecurity
The greater use of computer technologies to conduct business increases the risk of cybersecurity incidents and data incidents at public companies. To minimize the possibility of exposures, it is necessary for both corporations and auditors to have an understanding of … Continue reading
Insights from COVID-19 References in CAMs
The COVID-19 pandemic has had wide-ranging impacts on public company disclosures over the last year. In particular, the pervasive and ongoing uncertainty affecting the global economy contributes to increased subjectivity underlying assumptions and increased challenges in determining estimates for certain … Continue reading