Audit Analytics recently released a new report, Initial Public Offerings: Recent Trends in Corporate Governance Risks. Leveraging our extensive databases, the report provides a deeper look at the risks that initial public offerings offer to investors, regulators, and other financial … Continue reading
Category Archives: Internal Controls (ICFR – SOX 404)
AQRM Red Flags: Controls
The Audit Analytics Accounting Quality + Risk Matrix (AQRM) makes it easy to identify accounting, audit, and governance red flags for public companies. This blog series breaks down the risks associated with specific firm-level events included in the AQRM. Red flag events … Continue reading
Importance of Internal Controls for Cybersecurity
The greater use of computer technologies to conduct business increases the risk of cybersecurity incidents and data incidents at public companies. To minimize the possibility of exposures, it is necessary for both corporations and auditors to have an understanding of … Continue reading
Reasons for an Amended 10-K: 2020
Form 10-K, an annual report filed by US-based public registrants, is the most comprehensive source of information regarding a company’s financials and its underlying business. These reports are thoroughly scrutinized by investors and other users, which explains why they need … Continue reading
Remediating Internal Control Weaknesses During Pandemic
As 2020 comes to a close, many public companies are gearing up for fiscal year ends and preparing annual financial statements. Particularly important this year is determining how to disclose pertinent information about COVID-19 in annual reports. Given the widespread disruption on regular operations, a disclosure of … Continue reading
Internal Control Weaknesses Following an IPO
Private companies must undertake certain regulatory obligations in order to conduct an Initial Public Offering (IPO). In addition to preparing financial statements and complying with appropriate accounting standards, a company considering going public must also assess their system of Internal … 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