Last week, Audit Analytics posted two analyses looking at the effects of coronavirus we have seen on financial reporting across the US, Canada, and Europe. Coming as no surprise, we have more updates on important disclosures from public companies that … Continue reading
Category Archives: SEC
Accounting and Auditing Enforcement Releases (AAERs): Q3 and Q4 2019
The Securities and Exchange Commission (SEC) provides a list of certain enforcement actions related to financial reporting concerning administrative proceedings and civil lawsuits. These Accounting and Auditing Enforcement Releases (AAERs) are analyzed by Audit Analytics and key data points are … Continue reading
Effects of Coronavirus on Financial Reporting
With the ongoing developments regarding the coronavirus (COVID-19) pandemic and its effects on financial markets and financial reporting, Audit Analytics is monitoring important disclosures from public companies that reference the illness and the associated impacts. This includes companies that are … Continue reading
SEC Provides Relief for Registrants Affected by Coronavirus
On Wednesday, March 4th, the US Securities and Exchange Commission (SEC) announced that it is providing conditional regulatory relief for publicly traded companies facing challenges from the impact of the coronavirus. The effects of COVID-19 may present challenges for certain … Continue reading
Brown-Forman Changes Auditor After 87 Years
On February 19th, the Audit Committee of Brown-Forman Corporation [BF.B] – the production and distribution company known for alcoholic beverages including Jack Daniel’s, Chambord, and Korbel – dismissed PwC, ending its 87-year tenure with the Big Four auditor. According to … Continue reading
Expected Filing Season Trends, including Coronavirus Disclosures
Two-thirds of the yearly 10-Ks were filed between February and March last year, which should come as no surprise considering the majority of companies have fiscal years ending in December. Therefore, it’s no wonder the coming months are exceptionally busy … Continue reading
Changes to Auditor Independence Regulations: US vs. UK
Regulators in both the U.S. and the U.K. have recently debated changes to rules regarding auditor independence, with one big difference. In the U.S., the Securities and Exchange Commission (SEC) has proposed further loosening of auditor independence rules, while in … Continue reading