On Tuesday, March 31, Quixant PLC – a UK-based gaming technology company – issued the following statement, claiming that KPMG LLP (UK) has decided to not sign any audit opinions or consents until April 5th: Quixant (AIM: QXT), a leading … Continue reading
Category Archives: Europe
Coronavirus Prompts FCA to Request Delay in Preliminary Financials
The Financial Conduct Authority (FCA) is taking measures to ensure that companies take the time they need to address the challenging and complex events coronavirus (COVID-19) has caused in recent weeks when preparing their annual financial statements. As a result, … 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
Coronavirus Triggers Going Concerns in Europe
The uncertainty caused by COVID-19 is causing companies in Europe to reevaluate their ability to continue as a going concern. A going concern modification is the expressed uncertainty that a company is unable to continue in the near future. Generally … Continue reading
Auditor Rotation on the FTSE MIB
The FTSE MIB is the benchmark stock index consisting of the 40 most traded companies on the Borsa Italiana. In this post, we’ll examine the auditor tenure and rotation for these companies. Though Italy formally adopted the EU Audit Reform Directive … Continue reading
Auditor Changes Across Europe
This is the third post of our Decade of Data series to highlight our Europe databases containing ten years of data. In this post, we’ll look at the trends of auditor changes and fees from a selection of European stock indices, specifically … Continue reading
Insights from Audit Opinions Across Europe Since 2010
This is the second post of our Decade of Data series to highlight our Europe databases containing ten years of data. The Audit Analytics Europe Opinion database currently contains over 64,000 audit opinion records from over 8,800 companies, encompassing 2010-present. With … Continue reading