Deloitte took the top spot for new SEC audit client wins among all firms this year, with 41 engagements and 20 losses, for a net of 21 new SEC audit clients. BDO USA, the previous annual leader, had 16 new engagements this … Continue reading
Category Archives: Audit Committees
2017 Audit Committee Transparency Barometer
The Center for Audit Quality has released its fourth annual Audit Committee Transparency Barometer. The Barometer, compiled and published in partnership with Audit Analytics, provides a year-over-year comparison in key audit committee disclosure areas and assesses the extent of audit committee disclosures … Continue reading
2016 Audit Committee Transparency Barometer
On Tuesday, the Center for Audit Quality released its third annual Audit Committee Transparency Barometer. Compiled and published in partnership with Audit Analytics, the Barometer evaluates the extent of audit committee disclosures for the S&P 1500 Composite companies, broken out … Continue reading
Accountants’ Liability 2016 Conference Overview
At this year’s annual Accountants’ Liability conference held in Washington, D.C., Audit Analytics’ CEO, Mark Cheffers, together with Robert Kueppers, former Vice Chairman at Deloitte, presented a comprehensive update on liability exposure issues faced by the accounting industry. Topics covered in their presentation included large … Continue reading
Profession in Focus: Interview with the CAQ
Audit Analytics CEO Mark Cheffers was recently interviewed by Cindy Fornelli, executive director of the Center for Audit Quality, in an episode of the CAQ’s video series “Profession in Focus.” During the interview, Cheffers and Fornelli discussed the second edition … Continue reading
Non-GAAP Metrics in SAB 99 Materiality Analyses
The pros and cons of non-GAAP metrics have been discussed in more than a few recent articles. Proponents of non-GAAP frequently claim that GAAP contains many ambiguities and loopholes, and that non-GAAP metrics can be more current and relevant. Opponents sometimes … Continue reading
When is a Cybersecurity Incident Material?
Recently we discussed the principle of materiality in the context of Valeant Pharmaceuticals and its Variable Interest Entity (VIE), Philidor. In that post we examined two key concepts in assessing materiality, namely quantitative and qualitative. It is possible for something to be quantitatively immaterial, … Continue reading