Audit Analytics recently released a report looking at going concern opinions over the past sixteen years. 2015 Going Concerns – A Sixteen Year Review, analyzes going concern totals and percentages of total opinions by year, as well as information about … Continue reading
Category Archives: SEC
Sullivan & Cromwell Partner Named Next SEC Chairman
Last week, President-elect Donald Trump nominated corporate attorney Jay Clayton to replace Mary Jo White as the new SEC Chairman. Jay Clayton is a partner at Sullivan & Cromwell, where his practice includes public and private mergers and acquisitions, capital markets offerings, … Continue reading
A Look at Non-GAAP Reporting after New SEC Guidance
Audit Analytics released our latest report, Corporate Implementation of SEC’s Compliance & Disclosure Interpretations Regarding Non-GAAP Financial Measures, at this year’s annual AICPA conference on current SEC and PCAOB developments, held in Washington, D.C. We previously found that 449 of S&P 500 companies (88%) presented at … Continue reading
Examining the Effects of Oil Prices on SEC Disclosures
Oil price predictions for the end of 2016 are on the optimistic side, with many putting price per barrel estimates towards the upper $40’s. Although these predictions suggest a slightly bullish oil market for the upcoming months, these price points are still … Continue reading
Restatements during the Registration Period
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On August 15, 2014 Alibaba Holding (BABA) disclosed accounting irregularities in one of its units – recently acquired Alibaba Pictures (formerly known as China Vision Media Group). The announcement did little to affect the company’s valuation. About a month later, on … Continue reading
An Initial Look at Conflict Minerals; Dodd Frank Section 1502
On April 14, 2014, the United States Court of Appeals for the District of Columbia Circuit issued a decision in National Association of Manufacturers, et al. v. SEC, et al., No. 13-5252 (D.C. Cir. April 14, 2014). The Court concluded … Continue reading
Terrorist Nation and OFAC Violations – SEC Comment Letters
Last week rumors hit the Street that BNP Paribas (EPA:BNP), one of the largest French banks, would settle with the US Department of Justice for a record $5 billion (or even $10bn, according to different sources). BNP is also facing criminal … Continue reading