An extended version of this article was first available to subscribers of Accounting Quality Insights by Audit Analytics on Bloomberg, Refinitiv Eikon, FactSet, and S&P Global. The Securities and Exchange Commission (SEC) provides a list of certain enforcement actions related … Continue reading
Author Archives: Nicole Hallas
Considering Internal Whistleblower Systems When Evaluating External Risk
Whistleblowers can serve as an integral component for identifying and stopping securities fraud. According to PricewaterhouseCooper’s 2016 Global Economic Crime Survey, 33% of suspicious activity was identified by internal reporting from staff and an additional 10% of suspicious activity was … Continue reading
COO and General Counsel Departures: 2016-2018
Audit Analytics tracks all director and officer changes disclosed in Item 5.02 of 8-Ks and, using a custom taxonomy, classifies the nature of the departure and the general reason for such change, if provided. In a previous post, we looked … Continue reading
CEO and CFO Departures: 2016-2018
When a director or officer joins or leaves a public company, the SEC requires certain information be disclosed in a current report (8-K) under Item 5.02 within four business days. The information required includes basics, such as the officer’s name, … Continue reading
ICFR Weakness as a Risk Factor – Similarities in Companies with Ineffective Controls
Note: A version of this article was first available to subscribers of Accounting Quality Insights by Audit Analytics on Bloomberg, Eikon, FactSet, and S&P Global. Recently we reviewed four companies fined by the Securities and Exchange Commission on January 29, 2019, … Continue reading
Could SEC Charges Have Been Predicted for GT Advanced Technologies?
Note: This article was first available to subscribers of Accounting Quality Insights by Audit Analytics on Bloomberg, Eikon, FactSet, and S&P Global. Key Points: SEC fined former CEO of GT Advanced Technologies (GTAT) over $140,000 in connection with making false … Continue reading
Academic Literature Review: Accounting Reporting Complexity and Non-GAAP Earnings Disclosure
The overall complexity of financial disclosures affects the ability of anyone reading the financial statements, including stockholders, regulators, and investors, to analyze and assess the information presented. One way to measure complexity of disclosures is by determining accounting reporting complexity … Continue reading