On November 19th, the Public Company Accounting Oversight Board (PCAOB) adopted amendments to its independence requirement to align with the Securities and Exchange Commission (SEC) rules. “The Board’s targeted amendments are intended to avoid confusion, differences, and duplication between PCAOB … Continue reading
Category Archives: Coronavirus
COVID-19 Impacts on European Audit Opinions
This post will be updated to reflect the current number of European audit opinions citing the COVID-19 pandemic in a going concern opinion, key audit matter, or emphasis of matter. Overall Statistics As of the week ended 13 November 2020, … Continue reading
COVID-19 Lawsuits Continue to Pose Ongoing Risk
As the COVID-19 pandemic wears on and 2020 nears its end, one thing is abundantly clear: the vast, unprecedented impacts of the pandemic are going to be a part of the conversation moving forward. This conversation will be perpetuated by … Continue reading
COVID-19 Litigation Continues To Be Filed by Consumers and Employees
Since the start of the pandemic, Audit Analytics has identified over 120 instances of COVID-19 litigation. These include lawsuits that are filed directly referencing circumstances that would not otherwise exist outside of the coronavirus pandemic. There are a wide array … Continue reading
2020 Audit Committee Transparency Barometer
Now in its seventh year of publication, the Audit Committee Transparency Barometer, released by the Center for Audit Quality (CAQ), continues to provide investors with unique insight into the disclosures made by audit committees in proxy statements each year since … Continue reading
Assessing Impacts of COVID-19 in Disclosure Controls
As the COVID-19 pandemic continues to sow chaos and disruption, SEC registrants need to evaluate the impact of the pandemic related to multiple aspects of financial reporting, including the quality of disclosures. Audit Analytics has discussed some of the tangible … Continue reading
An Overview of KAMs – 2019
Since our last analysis of key audit matters in December 2019, the Audit Analytics KAMs database has grown to include over 40,000 KAMs from the audit opinions of over 4,600 companies. KAMs, required under ISA 701 for fiscal years ending … Continue reading