At this year’s annual Accountants’ Liability conference held in Washington, D.C., Audit Analytics’ CEO, Mark Cheffers, together with Robert Kueppers, former Vice Chairman at Deloitte, presented a comprehensive update on liability exposure issues faced by the accounting industry. Topics covered in their presentation included large … Continue reading
Category Archives: Corporate Governance
SOX 404 Disclosures: A Twelve Year Review
Audit Analytics recently released a new report looking at trends in Sarbanes-Oxley (SOX) Section 404 disclosures, which pertain to Internal Controls over Financial Reporting (ICFR). SOX 404 Disclosures: A Twelve Year Review considers both management’s assessment and the auditor’s attestation. Pursuant to SOX … Continue reading
Peer Benchmarking and Trends in Executive Compensation: 2016 Update
The peer group that a company chooses is an important factor in corporate governance. As compensation consultant Pay Governance LLC recently noted in an article posted by the Harvard Law School Forum on Corporate Governance and Financial Regulation, “the vast majority of companies … Continue reading
Hain Delays Filing: What to Expect
Hain Celestial Group (NASDAQ: HAIN) announced on Monday, August 15 that it would delay the release of its fourth quarter and fiscal year 2016 financial results. The reason? The company was investigating certain revenue arrangements with distributors. During the fourth quarter, the … Continue reading
Update on “SEC Comment Letters: A Five Year Trend” (2015)
Last year we published a blog post reporting on the significant decline in the number of SEC comment letters that refer to issues in 10-K and 10-Q filings. In this post, we look at comment letters from 2015 to see if that trend continued. The … Continue reading
Raising the Tone: Lessons from the Past
By now you’ve probably heard of the ongoing saga at Valeant (VRX). The beleaguered pharmaceutical company has seen its stock plummet, questions about its accounting practices, harsh criticisms about its business practices, and turmoil among management and the board. A recent … Continue reading
The Misrepresentation of Earnings; by Dichev et al.
In a recent article in the Financial Analysts Journal, titled “The Misrepresentation of Earnings,” Ilia Dichev, John Graham, Campbell R. Harvey, and Shiva Rajgopal explore the defining characteristics of earnings quality and the misrepresentation of earnings. As part of their inquiry, … Continue reading