The regulatory obligation to timely file SEC forms is normally considered to be a top priority for public companies and for the people who follow them. But when faced with the catastrophic effects of more than one major hurricane in … Continue reading
Category Archives: SEC
Gift Card Breakage – (ASC 606)
ASC 606, effective for fiscal periods beginning after December 15th, 2017, is changing the way companies recognize revenue from contracts with customers. For some industries, the changes are going to be dramatic. For others, such as retail, only limited impact … Continue reading
Investigating the Shrinking Number of SEC Registrants
The decline in public company counts has been an acknowledged trend for quite some time. The mid to late 90’s represented a peak for public company listings, with a general downward trend forming following the tech-bubble. Using Audit Analytics’ Audit Opinions … Continue reading
Who Audits Public Companies – 2017 Edition
Despite the hundred plus IPOs that took place last year, the public company population for this analysis is down from 6,935 to 6,460, a net loss of 475 registrants. The biggest decrease was in the number of so-called “Smaller Reporting Companies”. … Continue reading
Reasons for an Amended 10-K: 2016
When a company files a 10-K, they are providing a substantial amount of information relating to their business including risk factors and financial statements. Understandably, these files are extensive and leave plenty of room for missed or omitted information, misstatements, or other inadvertent errors. … Continue reading
The People of SEC Comment Letters: 2016
The data found in SEC Comment Letters can offer insight into some overlooked areas of a company’s business. In the past year, we have discussed a continuous decline in the number of letters and major areas of concern raised by the … Continue reading
Repatriation Tax Holiday: A “one-time” thing?
One of the points of the business tax plan that President Trump campaigned on was a provision that would permit companies to repatriate earnings held overseas at a one-time reduced rate of 10%: “It will provide a deemed repatriation of corporate … Continue reading