During proxy season, shareholders vote on a variety of proposals to be accepted or rejected. ESG proposals have garnered increased attention in recent years. But one proposal remains a constant decision for shareholders year-over-year: Should the auditor of record be … Continue reading
Category Archives: Accounting + Oversight
Adjustments Continue to Decline in 2021
Adjustments to financial statements – known as out-of-period adjustments – fell to a low of just 114 during 2021. This fall represents a 17% decline from 2020 and is part of a broader fall seen since 2016. Out-of-period adjustments are … Continue reading
Cannabis Market Audit Firm Landscape
The cannabis public company market is growing fast into a valuable, widespread industry. Audits of these cannabis companies are unique, requiring an understanding of the market and diverse operations. The industry includes companies with operations that directly handle cannabis, such … Continue reading
Fourth Annual Cybersecurity Report Released
Audit Analytics released its fourth annual Trends in Cybersecurity Breaches report last week. This report delves into trends in cyber breaches disclosed by public companies since 2011. The analysis, covering 2011 through 2020, examines more than a decade worth of … Continue reading
2020 Non-Audit Fees Among S&P 500 Companies
The amount of non-audit fees a public company pays to their independent outside audit firm has once again come into sharp focus. The SEC considers high non-audit fees to be an auditor independence concern. If an auditor earns a large … Continue reading
Climate Change in Audit Matters
The effects of climate change, and the accompanying disclosures, have risen to the forefront of the conversation for public companies. For example, in the US, the SEC has begun issuing climate-change-related comment letters. There are a variety of impacts that … Continue reading
Audit Firm Merger: BKD and Dixon Hughes Goodman
On February 17, 2022, national accounting firms BKD and Dixon Hughes Goodman announced their practices were merging. As of 2021, both are Top 20 firms, according to Accounting Today. The newly combined firm will see a growth in market share … Continue reading