Over the last 10 years, the Center for Audit Quality (CAQ) has worked with Ideagen Audit Analytics to create an annual Audit Committee Transparency Barometer. The Barometer measures year-over-year comparison of disclosures for S&P 500, S&P MidCap, and S&P SmallCap … Continue reading
Category Archives: Audit + Compliance
Auditor Changes Roundup: Q3 2023
Hong Kong-based Ark Pro CPA & Co (formerly HKCM CPA & Co) was the leader in net SEC audit client gains in the third quarter of 2023. The firm gained five new clients during Q3, all of which were previously … Continue reading
Why are most restatements negative? Behavioral Accounting at work
In our most recent report, Financial Restatements: A 20-Year Review, we found that 68% of restatements resulted in a negative income impact during 2022. If most restatements are a result of complex accounting rules that are misapplied or misunderstood, why is … Continue reading
Repeat Adverse ICFR Assessments
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
Auditor Changes Roundup: Q2 2023
Cohen & Company was the leader in net SEC audit client gains for a second consecutive quarter in 2023. After gaining a net of ten clients in Q1, Cohen & Co added an additional nine clients overall in Q2 2023. … Continue reading
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