Audit Analytics released its annual Financial Restatements report this week. This report examines the trends and statistics of financial restatements filed with the Securities and Exchange Commission since 2002. Using data from the Audit Analytics Restatements database, the report takes … Continue reading
Category Archives: Audit + Compliance
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
Auditor Changes Roundup: 2021 Annual Summary
BF Borgers led the way this year gaining 39 new SEC clients and netting 25. Grant Thornton was second gaining 29 new clients and netting 18. And Deloitte was third adding 33 new clients and netting 13. BF Borgers’ led with … 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
Going Concerns: A 21-Year Review
In our latest report, Going Concerns: A Twenty-One Year Review, we examine the trends and statistics of going concerns (opinions qualified by an uncertainty regarding the going concern assumption) filed with the Securities and Exchange Commission since 2000. Using data from … Continue reading
Auditor Changes Roundup: Q4 2021
BF Borgers had the greatest number of new SEC audit clients for the third quarter in a row, with a net of eight new engagements in Q4 2021. As mentioned in the recent Accounting Today article, with the decrease in … Continue reading
Audit Firm Tenure: Trends in Long-Lasting Relationships
How long is the average audit firm tenure for a company in the Russell 3000? As of 2021, that answer varies largely depending on the size of the company. Overall, the average audit firm tenure in the Russell 3000 is … Continue reading