In 2019, 6.3% of SOX 404 auditor attestations disclosed ineffective internal controls over financial reporting (ICFR) – significantly less than the 38.8% of management assessments that disclosed ineffective ICFR. The consistent level – around 39% – since 2013 indicates that … Continue reading
Category Archives: Reports
2019 Financial Restatements Review
The annual Audit Analytics report on financial restatement trends is now available. This report provides a detailed analysis and comparison of trends in financial restatements over a nineteen-year period. When looking at restatements, we categorize them by two levels: reissuance restatements and revision restatements. Reissuance restatements, sometimes referred … Continue reading
Trends in Cybersecurity Breach Disclosures
In our latest report, Trends in Cybersecurity Breach Disclosures, we delve into the trends and statistics of public company cybersecurity disclosures. Over the past ten years, cybersecurity has become increasingly important for public companies, as both business and commerce have … Continue reading
Going Concerns – A Nineteen Year Review
In our latest report, 2018 Going Concerns: A Nineteen Year Review, we examine the trends and statistics of going concern audit opinions filed with the Securities and Exchange Commission since 2000. This report analyzes going concern totals and percentages of … Continue reading
Seventeen Year Review of Audit Fee and Non-Audit Fee Trends
Audit Analytics has released its annual audit fees report, Seventeen Year Review of Audit Fee and Non-Audit Fee Trends, which focuses on the audit and non-audit fees paid and disclosed by accelerated and large accelerated filers over a seventeen-year period. A … Continue reading
SOX 404 Disclosures: A Fifteen Year Review
The Sarbanes-Oxley Act of 2002 was passed by Congress to better protect investors. Section 404 of this act (SOX 404) requires companies to review their internal controls over financial reporting (ICFR) and declare whether they are “effective” or “ineffective”. In … Continue reading
2018 Financial Restatements Review
The annual Audit Analytics report on financial restatement trends is now available. This report provides a detailed analysis and comparison of trends in financial restatements over an eighteen-year period. When looking at restatements, we categorize them by two levels: reissuance restatements and revision restatements. Reissuance restatements, sometimes … Continue reading