In 2017, the Human Capital Management Coalition petitioned the SEC to expand disclosures surrounding the human capital management policies, practices, and performance. In response to this request, after significant discussion, the SEC amended Regulation S-K Item 101(c) and required disclosure of … Continue reading
Category Archives: Regulators & Public Policy
Monitoring the Audit Market in Europe
Audit Analytics recently released a new report, Monitoring the Audit Market in Europe. Using our extensive databases, our analysts compiled this timely report which examines the impacts of the European Commission’s 2014 Audit Directive and Audit Regulation. These two pieces … Continue reading
Post-Wirecard, Germany Seeks to Tighten Audit Rules
According to the Financial Times, Germany has responded to the Wirecard scandal by proposing a slew of audit regulations aimed at bolstering auditor independence. The proposal includes reducing the maximum auditor tenure from 20 years to 10 years and limiting … Continue reading
IAASB Approves New Audit Quality Standards
The quality of audits has come into question from international regulators after a series of high-profile accounting scandals, with the most recent being Wirecard. Last week, the International Auditing and Assurance Standards Board (IAASB) approved a new and revised set … Continue reading
Auditor Independence and Audit Evidence Added to PCAOB Agenda
On Tuesday, September 8th, the Public Company Accounting Oversight Board (PCAOB) updated its research and standard-setting agenda, reiterating its ongoing efforts to increase transparency and provide more timely and relevant information to stakeholders. The Board, aiming to modernize its approach … Continue reading
Academic Literature Review: “Does Advertising Improve Access to Capital for Small Businesses? – Evidence from the JOBS Act”
In this first decade since the beginning of the social media revolution, there have been numerous changes to society in many realms. From commerce to politics and the financial industry amongst them, using this new medium is an innovative approach … Continue reading
Impacts of COVID-19 on Late Filings
Between fiscal years ended 2015 and 2018, public companies had been improving their ability to deliver timely information; there were 851 late filings issued for fiscal year 2015 and just 638 for fiscal year 2018. However, this trend was reversed … Continue reading