Audit Analytics has released its annual audit fees report, Seventeen Year Review of Audit Fee and Non-Audit Fee Trends, which focuses on the audit and non-audit fees paid and disclosed by accelerated and large accelerated filers over a seventeen-year period. A … Continue reading
Author Archives: Nicole Hallas
An Overview of Nineteen Years of Changes in Accounting Estimates
While some numbers in financial statements are relatively straightforward, others can be complex. Some of the more complex figures that are unable to be concretely quantified require management to make significant estimates. There are many components of financial statements that … Continue reading
Accounting Quality + Risk Matrix Allows for Quick Insight
Trying to identify red flags or trends in a company’s financial statements and public disclosures is a monumental task. The lengthy, and often opaque, nature of financial reporting makes the process of trying to thoroughly screen a company’s disclosures, or … Continue reading
Under Armour Under Fire for Undisclosed Investigations
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
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