This post has been updated to display fees in GBP.1 Between 2017 and 2018, 36 companies listed on the FTSE 350 changed their auditors, increasing audit fees for 21 of those companies.2 Effective since mid-2016, Directive 2014/56/EU together with Regulation … Continue reading
The requirement to disclose tenure became effective for audits of fiscal years ending on or after December 15, 2017. PCAOB Auditing Standard 3101 – The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses and Unqualified Opinion … Continue reading
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
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
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
This is the second part of a two-part post exploring market share of audit firms for companies with revenues $10 million to $150 million. Get caught up on part one here. To gain insight on the length of auditor engagements, … Continue reading
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