BF Borgers CPA, with a net of five new SEC audit clients, accounts for the most new SEC audit clients among all firms in Q1 2020. As mentioned in Accounting Today, this is the second quarter in a row that … Continue reading
Author Archives: Nicole Hallas
Class Action Lawsuits and Regulatory Litigation Related to COVID-19
As the COVID-19 pandemic continues to wreak havoc on daily life, consumers and personnel that are feeling the ripple effects are beginning to file litigation against public and private companies in increasing numbers. Concurrently, the SEC is filing civil lawsuits … Continue reading
Coronavirus Uncertainties Contribute to Going Concern Uncertainties
As of April 20, 2020, there have been 16 audit opinions on annual reports for SEC filers that have cited the COVID-19 pandemic as a contributing factor to substantial doubt about a company’s ability to continue as a going concern … Continue reading
SEC Provides Relief to Business Development Companies Amid COVID-19 Pandemic
The COVID-19 pandemic continues to affect nearly everyone worldwide, causing widespread economic disruption. While certain provisions and leniency have been granted in regards to financial reporting, some markets have experienced unanticipated effects – including the capital market, and more specifically, … Continue reading
Blank Check IPOs and SPACs
Going back to 2004, this post looks at longitudinal trends comparing standard initial public offerings (IPOs) and blank check IPOs, including the overall number of transactions, gross proceeds, auditor market share, and average accounting and legal fees. A blank check … Continue reading
Going Concerns – A Nineteen Year Review
In our latest report, 2018 Going Concerns: A Nineteen Year Review, we examine the trends and statistics of going concern audit opinions filed with the Securities and Exchange Commission since 2000. This report analyzes going concern totals and percentages of … Continue reading
Effects of Coronavirus on Financial Reporting
With the ongoing developments regarding the coronavirus (COVID-19) pandemic and its effects on financial markets and financial reporting, Audit Analytics is monitoring important disclosures from public companies that reference the illness and the associated impacts. This includes companies that are … Continue reading