BF Borgers CPA, with a net of five new SEC audit clients, accounts for the most new SEC audit clients among all firms in Q1 2020. As mentioned in Accounting Today, this is the second quarter in a row that … Continue reading
Category Archives: Corporate + Legal
Class Action Lawsuits and Regulatory Litigation Related to COVID-19
As the COVID-19 pandemic continues to wreak havoc on daily life, consumers and personnel that are feeling the ripple effects are beginning to file litigation against public and private companies in increasing numbers. Concurrently, the SEC is filing civil lawsuits … Continue reading
COVID-19 Affects Transaction Agreement for L Brands, Inc.
On April 22, 2020, L Brands, Inc. [NYSE: LB] announced that Sycamore Partners, a private equity firm, delivered a notice that same day purporting to terminate the transaction agreement relating to the sale of a 55% interest in Victoria’s Secret … Continue reading
Q1 2020 IPOs: Auditor Market Share and Stats
Overview There were 37 initial public offerings in U.S. markets between January 1, 2020, and March 31, 2020. These 37 IPOs raised over $9.8 billion, an increase of over $2 billion from the same period last year and an increase … Continue reading
Blank Check IPOs and SPACs
Going back to 2004, this post looks at longitudinal trends comparing standard initial public offerings (IPOs) and blank check IPOs, including the overall number of transactions, gross proceeds, auditor market share, and average accounting and legal fees. A blank check … Continue reading
Accounting and Auditing Enforcement Releases (AAERs): Q3 and Q4 2019
The Securities and Exchange Commission (SEC) provides a list of certain enforcement actions related to financial reporting concerning administrative proceedings and civil lawsuits. These Accounting and Auditing Enforcement Releases (AAERs) are analyzed by Audit Analytics and key data points are … Continue reading
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