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
Category Archives: Canada (SEDAR)
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
What Investors Need to Know About Audits
On Monday, November 4, 2019, the CFA Society of New York hosted What Investors Need to Know About Audits, a forum that focused on the state of today’s audit process, how it has and continues to change over time, and … Continue reading
What Can We Learn About CAMs from KAMs?
In the United States, audit firms of large accelerated filers with fiscal years ending on or after June 30, 2019 are required to disclose Critical Audit Matters (CAMs) in their audit reports. For 53 of these large accelerated filers that … Continue reading
Changes in KAM Count
We recently analyzed the frequency in which key audit matters (KAMs) were disclosed in 2017 and 2018. In this post, we take a closer look at the changes in the number of KAMs disclosed by companies during the same time … 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