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
Category Archives: Canada (SEDAR)
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
A Look Back at 2018
As 2018 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: IPOs: Auditor Market Share and Stats Auditor Changes Annual Updates … Continue reading
An Eleven Year Review of Canadian Audit Fees and Non-Audit Fees
In this analysis, we examined trends in Audit Fees and Non-Audit fees (calculated as sum of audit-related fees, tax fees and all other fees) disclosed by Canadian issuers that filed with SEDAR1. For Canadian companies, the compensation of the external … Continue reading
Auditor Changes in Canada: 2017
Auditor departures for public companies in Canada continue to decline, with 264 departures in 2017 compared with 284 in 2016 (2015: 318). Dismissals continue to comprise the bulk of auditor departures, with 231 (88%) dismissals and 33 (13%) resignations. National … Continue reading
Canadian Controls – What is Disclosed and What is Not?
Let’s pretend for a second that Sarbanes-Oxley Act of 2002 (SOX) does not exist; auditing requirements for controls are absent and legislation surrounding disclosures is significantly reduced. Would companies voluntarily report controls information? If so, how detailed would that information … Continue reading
Auditor Changes in Canada: 2016
Last year, there were 284 auditor departures (down from 318 in 2015) with the majority of auditor changes attributed to dismissals (85%) and the remaining 15% to resignations. The table below presents wins and losses for the Big Four and top … Continue reading