The cannabis public company market is growing fast into a valuable, widespread industry. Audits of these cannabis companies are unique, requiring an understanding of the market and diverse operations. The industry includes companies with operations that directly handle cannabis, such … Continue reading
Author Archives: Nicole Hallas
Going Concern Trends in Eastern Europe
Over the last decade, companies headquartered in Eastern Europe had a going concern rate of 7.2%. Both the Eastern and Southern European regions have higher rates of going concern compared to the Northern and Western regions. In fiscal year 2020, … Continue reading
Fourth Annual Cybersecurity Report Released
Audit Analytics released its fourth annual Trends in Cybersecurity Breaches report last week. This report delves into trends in cyber breaches disclosed by public companies since 2011. The analysis, covering 2011 through 2020, examines more than a decade worth of … Continue reading
2020 Non-Audit Fees Among S&P 500 Companies
The amount of non-audit fees a public company pays to their independent outside audit firm has once again come into sharp focus. The SEC considers high non-audit fees to be an auditor independence concern. If an auditor earns a large … Continue reading
Climate Change in Audit Matters
The effects of climate change, and the accompanying disclosures, have risen to the forefront of the conversation for public companies. For example, in the US, the SEC has begun issuing climate-change-related comment letters. There are a variety of impacts that … Continue reading
Going Concerns: A 21-Year Review
In our latest report, Going Concerns: A Twenty-One Year Review, we examine the trends and statistics of going concerns (opinions qualified by an uncertainty regarding the going concern assumption) filed with the Securities and Exchange Commission since 2000. Using data from … Continue reading
Audit Firm Merger: BKD and Dixon Hughes Goodman
On February 17, 2022, national accounting firms BKD and Dixon Hughes Goodman announced their practices were merging. As of 2021, both are Top 20 firms, according to Accounting Today. The newly combined firm will see a growth in market share … Continue reading