Audit Analytics recently released a new report, Monitoring the Audit Market in Europe. Using our extensive databases, our analysts compiled this timely report which examines the impacts of the European Commission’s 2014 Audit Directive and Audit Regulation. These two pieces … Continue reading
Category Archives: Audit + Compliance
Auditor Changes Roundup: Q3 2020
Cohen & Company, Grant Thornton, and Marcum, each with a net of three new SEC audit clients, account for the most SEC audit clients gained among all firms in Q3 2020. As mentioned in Accounting Today, EY had the most … Continue reading
Eighteen Year Review of Audit & Non-Audit Fee Trends
Audit Analytics’ most recent report, Eighteen Year Review of Audit Fee & Non-Audit Fee Trends, was released last week. Using data from our Audit Fees database, this report provides a detailed analysis and comparison of trends in audit and non-audit … Continue reading
Taxes, Liabilities Among Common Reasons for Financial Restatements in Europe
Audit Analytics recently released the Europe Financial Restatements database, consisting of financial restatements for accounting errors due to accounting rule misapplications, clerical issues, and fraud. Collected from English language press releases, annual reports, and interim reports issued between January 2018 and … Continue reading
SOX 404 Disclosures: A Sixteen Year Review
In 2019, 6.3% of SOX 404 auditor attestations disclosed ineffective internal controls over financial reporting (ICFR) – significantly less than the 38.8% of management assessments that disclosed ineffective ICFR. The consistent level – around 39% – since 2013 indicates that … Continue reading
Leveraging the European Restatements Database
Audit Analytics recently released the European Financial Restatements database, filling a void in stakeholders’ ability to easily analyze restatements in context of the overall global market. The database contains 350 restatements from nearly 300 public companies listed on regulated exchanges … Continue reading
Internal Control Weaknesses Following an IPO
Private companies must undertake certain regulatory obligations in order to conduct an Initial Public Offering (IPO). In addition to preparing financial statements and complying with appropriate accounting standards, a company considering going public must also assess their system of Internal … Continue reading