The table below contains the accounting and legal fees of IPO issuers for the years 2008-2012. As demonstrated in Table 1, a decreasing trend emerges in average accounting fees during the years 2008-2011. In 2012, however, average accounting fees increased … Continue reading
Author Archives: Audit Analytics Staff
EGCs: A Look at IPO Issuer Accounting Fees After April 2012
The JOBS Act, enacted on April 5, 2012, was intended to give small businesses a jumpstart. The act created a new category of company: the Emerging Growth Company (EGC), defined as an issuer with “total annual gross revenues” of less than … Continue reading
2011 Going Concerns: A Twelve-Year Review
Audit Analytics reviewed the population of all auditor opinions filed with the Securities Exchange Commission as of July 6, 2012, to determine the number of going concerns (opinions qualified by an uncertainty regarding the going concern assumption). As shown below, … Continue reading
Self-Identified Peer Groups
Self-identified peer groups, often disclosed in the proxy statements of SEC registrants, have proven to be a valuable tool for benchmarking executive compensation. Traditionally, peer groups have been formed by selecting a set of 14-24 companies on the basis of … Continue reading
Shareholder Activists Most Concerned With Russell 3000 Firms From 2005-2012
Shareholder activism has been in the news lately, and activists have increasingly targeted companies with market caps greater than $1B. Daniel Loeb, founder of hedge fund Third Point, LLC, has been a prime player. Earlier this year, Third Point sent a letter … Continue reading
Russell 3000 Firms’ Retained Foreign Earnings Balloons to $1.7T
Given the recent discussion of U.S. companies sheltering earnings abroad in order to lower their tax provisions, it should come as little surprise that the number of firms reporting indefinitely reinvested earnings (“IRE”) retained in foreign countries has been growing over … Continue reading