With the release of our 2014 Going Concerns Report, we add yet another year of data to what is now a fourteen-year review. The data shows that the number of audit opinions containing modifications related to uncertainty about a company’s … Continue reading
Category Archives: Reports
Audit Fees and Non-Audit Fees: A Twelve Year Trend
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Audit Analytics released its annual Audit Fee report yesterday. Titled “Audit Fees and Non-audit Fees: A Twelve Year Trend”, the report is available free to subscribers or for purchase to non-subscribers. Overall, the research showed that for 2013 the ratio of … Continue reading
2012 Going Concerns: A Thirteen Year Review
Audit Analytics publishes an annual report summarizing trends in going concern opinions.1 This post presents highlights from our most recent report, which looks at trends in going concerns over the last thirteen years. Fiscal Year 2008 saw the highest number … Continue reading
Different Types of Financial Statement Error Corrections
The recent restatement report from Audit Analytics reveals that the number of financial restatements has leveled off over the last three years. While this metric shows stabilization in financial statement errors, a deeper understanding of the different types of error … Continue reading
2012 Financial Restatements Review
2012 showed positive trends for financial restatements. While the total number of restatements over the last four years appears to have leveled off, a closer look at the underlying indicators of severity reveal much more positive results. The percentage of revision … Continue reading
2011 Going Concerns: A Twelve-Year Review
Audit Analytics reviewed the population of all auditor opinions filed with the Securities Exchange Commission as of July 6, 2012, to determine the number of going concerns (opinions qualified by an uncertainty regarding the going concern assumption). As shown below, … Continue reading