SOX 404 (Section 404 of the Sarbanes-Oxley Act of 2002) requires companies to annually review and disclose the effectiveness of their internal controls over financial reporting (ICFR). An adverse ICFR disclosure is filed when ICFR is found to be ineffective … Continue reading
Category Archives: Audit + Compliance
Audit Fee Trends of S&P 500
The S&P 500 is one of the most followed equity indices that tracks the largest 500 companies listed on U.S. exchanges. Does this mean they are susceptible to paying higher audit fees overall? There are many factors that affect the general … Continue reading
Who Audits Public Companies – 2023 Edition
This is Audit Analytics’ annual market share analysis of auditor engagements for public companies as of May 14, 2023. Using our Auditor Engagements data, we look at who is currently conducting audits of SEC public registrants, based on periodic reports … Continue reading
Auditor Changes Roundup: Q1 2023
Cohen & Company was leader for new SEC audit clients in the first quarter of 2023. In March, the firm finalized the acquisition of a Philadelphia-based accounting firm, BBD LLP’s Investment Management Group. According to Accounting Today, “the firm expected … Continue reading
Auditor Changes Roundup: 2022 Annual Summary
Marcum was the clear leader for new SEC engagements in calendar year 2022, gaining 103 new clients throughout the year. This is a stark contrast from 2021, when Marcum had 110 departures and lost a net of 90 clients. FORVIS … Continue reading
Auditor Changes Roundup: Q4 2022
Marcum continued to lead the way for auditor changes this quarter, gaining a net of 42 engagements in Q4 2022. Marcum continues to reap the benefits of its September 1 merger, gaining 43 new clients from Friedman in Q4. Overall, … Continue reading
2022 Audit Committee Transparency Barometer
For the ninth year in a row, the Center for Audit Quality (CAQ) has released the Audit Committee Transparency Barometer. This report has provided investors with insights into the disclosures made by audit committees in proxy statements each year since … Continue reading