While some numbers in financial statements are relatively straightforward, others can be complex. Some of the more complex figures that are unable to be concretely quantified require management to make significant estimates. There are many components of financial statements that … Continue reading
Category Archives: Accounting + Oversight
Under Armour Under Fire for Undisclosed Investigations
An expanded version of this article was first available through Accounting Quality Insights, powered by Audit Analytics, via Bloomberg, Refinitiv Eikon, FactSet and S&P Global. Contact us for the full article. On November 4, 2019, the Wall Street Journal (WSJ) published an … Continue reading
Goodwill and Intangible Asset Impairments in S&P 500 – Part 2
This is Part Two of a two-part post analyzing goodwill and intangible asset impairments. In Part One of this post, we looked at overall trends with impairment charges related to goodwill and intangible assets in light of an FASB invitation … Continue reading
Goodwill and Intangible Asset Impairments in S&P 500
In July 2019, the Financial Accounting Standards Board (FASB) issued an invitation to comment on identifiable intangible assets acquired in a business combination and the subsequent accounting for goodwill with the intention of determining if there is a cost benefit … Continue reading
Accounting and Auditing Enforcement Releases (AAERs): Q1 and Q2 of 2019
An extended version of this article was first available to subscribers of Accounting Quality Insights by Audit Analytics on Bloomberg, Refinitiv Eikon, FactSet, and S&P Global. The Securities and Exchange Commission (SEC) provides a list of certain enforcement actions related … Continue reading
Could SEC Charges Have Been Predicted for GT Advanced Technologies?
Note: This article was first available to subscribers of Accounting Quality Insights by Audit Analytics on Bloomberg, Eikon, FactSet, and S&P Global. Key Points: SEC fined former CEO of GT Advanced Technologies (GTAT) over $140,000 in connection with making false … Continue reading
What Caused SEC Investigation for Healthcare Services Group, Inc.?
Note – This article has been updated to clarify the following: In the notification of late filing for their 2018 annual report, Healthcare Services Group disclosed the receipt of an SEC subpoena, after nearly 18 months of investigation. Previously, the … Continue reading