Audit Analytics recently published a new report titled “Late Filings: 2000-2015, Descriptive Statistics and Analysis”. This report looks at trends in Non-Timely notifications for Form 10-Ks over the 16-year sample period for Large Accelerated Filers, Accelerated Filers, and Non-Accelerated Filers. Some highlights from the report include: The … Continue reading
Category Archives: Late Filings
Raising the Tone: Lessons from the Past
By now you’ve probably heard of the ongoing saga at Valeant (VRX). The beleaguered pharmaceutical company has seen its stock plummet, questions about its accounting practices, harsh criticisms about its business practices, and turmoil among management and the board. A recent … Continue reading
Non-GAAP Déjà Vu
As our analysts monitor Non-Timely filings, we sometimes get the sense that we’ve heard something before, like a tune stuck in your head that you can’t quite name. Early this week, we read an unusual NT-10-K from OM Asset Management stating that the company had to … Continue reading
Are Lengthy Audit Report Lags a Warning Signal?
Are Lengthy Audit Report Lags a Warning Signal?, ask authors Alan I. Blankley, David N. Hurtt, and Jason E. MacGregor in their July 2015 paper in Current Issues in Auditing. In this “practitioner summary” of a research paper published last year … Continue reading
Missing XBRL and Late Filings
XBRL was originally created to increase the ease of use of financial information, but the jury is still out as to whether XBRL is a useful tool or a burden. One thing is clear: investors have not fully embraced XBRL, in … Continue reading
When Will Hertz Finally File?
On November 10th Hertz (HTZ) filed yet another regulatory form, indicating for the third straight quarter that the company would be forced to delay the release of its financial statements. This is their third non-timely filing in a row since May … Continue reading
GT Advanced Technologies: Red Flags Exhibited Prior to Bankruptcy
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On October 6th, GT Advanced Technologies (GTAT) and its subsidiaries filed for bankruptcy protection under Chapter 11. Speculation about the company’s negative prospects were apparent after Apple decided not to use GT Advanced as a supplier for the behemoth’s latest iPhone. … Continue reading