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
Author Archives: Audit Analytics Staff
IPO Accounting and Legal Fees: 2013 Update
An analysis of accounting and legal fees disclosed by IPO companies shows that these fees have increased dramatically in the past two years, especially in 2013. About a year ago, Audit Analytics looked at a five year trend in accounting and … Continue reading
Analysis of Audit Fees by Industry Sector
How much should an audit cost? It’s a difficult question to answer. It’s not as simple as charging an hourly rate: since a lot of audits are fixed fees, billable hours are irrelevant except to internal P&Ls. Many audit engagements … Continue reading
Shareholder Activism: Using Analysis of 13D Events as Investment Strategy
A year ago, Audit Analytics analyzed shareholder activism as reported by Schedule 13D filings. Form SC 13D is filed with the Securities and Exchange Commission within 10 days whenever a person or group has attained a greater than 5% position … Continue reading
2012 Going Concerns: A Thirteen Year Review
Audit Analytics publishes an annual report summarizing trends in going concern opinions.1 This post presents highlights from our most recent report, which looks at trends in going concerns over the last thirteen years. Fiscal Year 2008 saw the highest number … Continue reading
EGCs: A Comparison of Fees in 2012 & 2013
With Twitter’s remarkable tweet announcing its filing with the SEC for a planned IPO, there’s been a flurry of discussion regarding the JOBS Act, especially the somewhat controversial designation of “Emerging Growth Companies”. Back in February, Audit Analytics posted an analysis of … Continue reading
Private Placement Trends: 2009-Present
Our analysis of private placement data from 2009 to May 2013 shows that more companies are turning to private placements to raise money, and the total number of offerings is growing. From the chart above, one can see that the … Continue reading