Implementation of AS 3101

Posted on March 14, 2019 by Kristyn Plante

In our recent post, Reasons for an Amended 10-K: 2018, we noted an increase in the number of 10-K/As that were filed citing an auditor’s report as the reason. One possible explanation is the implementation of PCAOB Auditing Standard 3101 … Continue reading →

Auditor Tenure among Nordic Indices

Posted on February 11, 2019 by Alicia Ritter

In this post, we look at the longest auditor tenures of the companies in the top Nordic indices. This includes a review of 136 companies, with only one having a joint audit. As shown in the graph below, eight of … Continue reading →

2018 Audit Committee Transparency Barometer

Posted on November 7, 2018 by Michalina Bogdan

Last week, the Center for Audit Quality released its fifth annual Audit Committee Transparency Barometer. Compiled and published with Audit Analytics, the Barometer provides a year-over-year comparison in key audit committee disclosure areas and assesses the extent of audit committee … Continue reading →

Data Shows Little Variance in Auditor Tenure for Russell 1000

Posted on March 6, 2018 by Kristyn Plante

In this post, we provide an update to our previous article about auditor tenure and auditor rotation among the Russell 1000. Unsurprisingly, absent mandatory auditor rotation, there was little variance in tenure statistics between 2016 and 2017. Around 18 Russell 1000 … Continue reading →

After 100 Years, General Motors Switches Auditor

Posted on October 3, 2017 by John Pakaluk

General Motors (NYSE: GM) announced last week in an Item 4.01 8-K that, after their 2017 annual report is filed, the company would be engaging Ernst & Young as its new independent auditor. Following review of proposals from the independent registered public … Continue reading →