Audit Analytics CEO Mark Cheffers was recently interviewed by Cindy Fornelli, executive director of the Center for Audit Quality, in an episode of the CAQ’s video series “Profession in Focus.” During the interview, Cheffers and Fornelli discussed the second edition … Continue reading
Category Archives: Reports
2015 Going Concerns Report Now Available
Audit Analytics recently released our annual report on going concern opinions, which looks at trends over the past fourteen years. This year the initial results appear positive because they show a drop in both the number and percentage of going concerns. … Continue reading
2015 Audit Committee Transparency Barometer
Last week, the Center for Audit Quality released its second annual Audit Committee Transparency Barometer. The Barometer, compiled and published in partnership with Audit Analytics, evaluates the extent of audit committee disclosures for the S&P 1500 composite companies, broken out by Large Cap … Continue reading
Canadian Audit Fees Report Now Available
Over the last several years, our subscribers have asked us to expand our tracking of auditor market intelligence to the Canadian market. We now have over seven years of audit fee data for Canadian filers, and we are happy to announce that … Continue reading
Untaxed Foreign Earnings top $2.3 Trillion in 2014
Note: This post has been updated to reflect a correction of an error. The total disclosed amount of indefinitely reinvested foreign earnings – which are not subject to US corporate income tax – continues to increase. From about $1.1 trillion … Continue reading
2014 Financial Restatements Review
Latest Results Show Continuing Positive Restatement Trends For the sixth consecutive year, Revision Restatements, or those that do not undermine reliance on past financials, rose to 76% of all Restatements reported. On the flip side, Reissuance Restatements, which require disclosure in Item 4.02 of … Continue reading
Audit Fees for Smaller Reporting Companies
Over the summer, we investigated the auditor market share for SEC registered companies. In that post, we highlighted what we saw as an interesting stratification of the public company audit market. The smaller the group of companies, the more competitive the … Continue reading