Audit Analytics was honored to participate at another successful Annual Meeting of the American Accounting Association. It was great to see so many friends and colleagues and talk about the latest research in the accounting field. Lots of professors this year … Continue reading
Author Archives: Audit Analytics Staff
Auditor Tenure and Auditor Rotation among the Russell 3000
Last year, in a post about Honeywell International (NYSE: HON) switching auditors after a 45-year relationship with PwC, we looked at a sample of auditor tenure across the S&P 500. The main takeaway: long auditor tenure is not unusual in the U.S., and … Continue reading
Tax Changes and Foreign Entities
Large multinational companies generate revenue from multiple regions, and have assets and employees throughout the world. Recently, there has been an uptick in the number of U.S.-based companies reincorporating abroad in ‘domiciles of convenience’ to benefit from various tax and … Continue reading
Audit Fees and Non-Audit Fees: A Twelve Year Trend
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Audit Analytics released its annual Audit Fee report yesterday. Titled “Audit Fees and Non-audit Fees: A Twelve Year Trend”, the report is available free to subscribers or for purchase to non-subscribers. Overall, the research showed that for 2013 the ratio of … Continue reading
Moving to Europe? Auditor Tenure and Reg 537
Corporate income taxes continue to be a hot topic in the news, especially with the recent controversy surrounding inversions. At the center of many of these debates are the foreign earnings that multinational companies claim to be indefinitely reinvested. Such … Continue reading
Non-Timely Filings: An Overview
Companies, like we individual taxpayers, have to file their annual and quarterly reports within a given time frame. What happens when a company won’t be able to meet the filing deadline? Just as an individual can easily obtain an extension … Continue reading
Overseas Earnings of Russell 1000 Tops $2 Trillion in 2013
A Spotlight on Permanently Reinvested Foreign Earnings Early this morning, the Permanent Subcommittee on Investigations of the Department of Homeland Security will hold a hearing on “Caterpillar’s Offshore Tax Strategy”. The purpose of the hearing is to examine the “structures and methods employed … Continue reading