Audit Analytics recently released a report looking at going concern opinions over the past sixteen years. 2015 Going Concerns – A Sixteen Year Review, analyzes going concern totals and percentages of total opinions by year, as well as information about … Continue reading
Category Archives: Audit Opinions
Disclaimer of Opinion – have you ever seen one?
Non-standard audit opinions got their fair share of attention earlier this year in conjunction with the late filing of Valeant Pharmaceuticals. For Valeant, getting anything but a clean, non-qualified opinion could have meant a default on substantial loans. It has been … Continue reading
Examining the Effects of Oil Prices on SEC Disclosures
Oil price predictions for the end of 2016 are on the optimistic side, with many putting price per barrel estimates towards the upper $40’s. Although these predictions suggest a slightly bullish oil market for the upcoming months, these price points are still … Continue reading
When Does a Company’s Year End?
The first few months of the year make up the “busy season” for accountants. Tax accountants, of course, have a glut of business leading up to April 15th. And for companies with fiscal years that correspond to the calendar year, financial … Continue reading
Foreign Filers and XBRL Reporting Requirements
As part of an effort to increase the accessibility of financial information for investors and the business community at large, the SEC in recent years has been in the process of incorporating XBRL (eXtensible Business Reporting Language) into its filing … Continue reading
2012 Going Concerns: A Thirteen Year Review
Audit Analytics publishes an annual report summarizing trends in going concern opinions.1 This post presents highlights from our most recent report, which looks at trends in going concerns over the last thirteen years. Fiscal Year 2008 saw the highest number … Continue reading
2011 Going Concerns: A Twelve-Year Review
Audit Analytics reviewed the population of all auditor opinions filed with the Securities Exchange Commission as of July 6, 2012, to determine the number of going concerns (opinions qualified by an uncertainty regarding the going concern assumption). As shown below, … Continue reading