Note: All amounts stated are in Canadian dollars Throughout 2019, Canadian auditor departures increased 16.6%, climbing to 338 departures from the 290 departures seen in 2018. The percentage of resignations has continued to trend upward, with 31% of auditor departures … Continue reading
Category Archives: Canada (SEDAR)
Effects of Coronavirus on Financial Reporting
With the ongoing developments regarding the coronavirus (COVID-19) pandemic and its effects on financial markets and financial reporting, Audit Analytics is monitoring important disclosures from public companies that reference the illness and the associated impacts. This includes companies that are … Continue reading
A Twelve Year Review of Canadian Audit Fees and Non-Audit Fees
In this post, we’ll take a look at the audit fees and non-audit fees disclosed by Canadian issuers that filed with SEDAR from 2007 to 2018.1 For Canadian companies, the compensation of the external auditor is disclosed pursuant to the Multilateral … Continue reading
Restatement Trends in Canada: 2010-2019
Since 2013, the number of Canadian financial restatements has been trending downward. In 2019, 111 unique companies in Canada – SEDAR registrants that trade on a Canadian exchange – issued 118 restatements, compared to 171 in 2010, a nearly 31% … Continue reading
A Look Back at 2019
As 2019 comes to an end, let’s look back at some of our top posts and topics we’ve covered this year. Quarterly Updates The following posts are updated each quarter: Auditor Changes IPOs: Auditor Market Share and Stats Annual Updates … Continue reading
When Does a Canadian Company’s Year End?
In the past, Audit Analytics has analyzed year-end dates for public companies. For companies with a calendar year-end fiscal year, the weeks leading up to April 15th are exceptionally busy for financial professionals. To see how busy this “busy season” … Continue reading
Auditor Changes in Canada: 2018
There were 290 Canadian auditor departures in 2018, a 10% increase from the 264 in 2017. While the majority of departures continue to be from dismissals (80%), the percentage of resignations is the highest it has been in four years … Continue reading