There have been several negative events within the insurance industry over the past few years. In 2017, there were 18 restatements among registrants in the insurance industry, versus 10 in both 2016 and 2015. This uptick has continued into 2018, … Continue reading
Category Archives: SEC Comment Letters
Trends in SEC Non-GAAP Comment Letters 2016-2018
Key Findings The overall number of comment letters issued by the SEC has decreased since 2010 The percentage of comment letters referencing a non-GAAP metric increased through 2017, but has been trending downward in the first 6 months of 2018 … Continue reading
Due Diligence with Audit Analytics
Dixon Hughes Goodman LLP on Audit Analytics Headquartered in Charlotte, NC, Dixon Hughes Goodman LLP boasts over 2,000 employees and ranks among the top 20 public accounting firms in the nation. Jeff Rapaglia, Partner, works within the firms’ Professional Standards … Continue reading
Audit Analytics for Regional Accounting Firms
Frazier & Deeter LLC is a full-service accounting firm, headquartered in Atlanta, Georgia. Operating across all industries, Frazier & Deeter offers a wide range of tax, audit, accounting and advisory services. Bill Godshall is the lead quality control Partner for … Continue reading
Literature Review: “The Effect of Enforcement Transparency: Evidence from SEC Comment-Letter Reviews”
In recent years, more attention has been given to policies surrounding transparency in financial reporting practices, such as banks disclosing results of stress tests and the recently proposed “Public Accounting Oversight Board (PCAOB) Enforcement Transparency Act of 2017”. In 2004, … Continue reading
SEC Comment Letters: A Seven Year Trend
It is time once again to look at macro trends in SEC Comment Letters. As with every year we will look primarily at comments from 10-K’s and 10-Q’s, but like last year we will also be analyzing 8-K’s and what … Continue reading
SEC’s Focus in IPO Comment Letters
In a January 2016 post, we examined trends in IPO comment letters between 2013 and 2015, including several metrics designed to shed light on the length and level of detail of the pre-IPO review process. In this blog, we extended … Continue reading