A staggering $518 billion was written off companies’ books through impairment charges in 2020 amidst the COVID-19 pandemic. $203.3 billion of that came from impairments related to property, plant, and equipment (PPE). As noted in our most recent report, Impacts … Continue reading
Auditor Changes in Canada During First Half of 2021
Note: All amounts stated are in Canadian dollars Throughout the first half of 2021, there were 142 new audit engagements and 145 departures among audit firms in Canada. Of these auditor changes, 27 accounting firms posted a net gain in new … Continue reading
Impacts of COVID-19 on Public Companies
Audit Analytics recently released a new report, Impacts of COVID-19 on Public Companies. Leveraging our extensive databases, this report provides an in-depth look at the pandemic’s impacts on certain aspects of financial reporting and financial health metrics of public companies. … Continue reading
AQRM Red Flags: Auditors
The Audit Analytics Accounting Quality + Risk Matrix (AQRM) makes it easy to identify accounting, audit, and governance red flags for public companies. This blog series breaks down the risks associated with specific firm-level events included in the AQRM. A public company’s … Continue reading
AQRM Red Flags: Changes in Accounting Estimates
The Audit Analytics Accounting Quality + Risk Matrix (AQRM) makes it easy to identify accounting, audit, and governance red flags for public companies. This blog series breaks down the risks associated with specific firm-level events included in the AQRM. Changes in accounting estimates (CAE) … Continue reading
Auditor Changes Roundup: Q2 2021
BF Borgers, with a net of nine new SEC audit clients, gained the most SEC audit clients in Q2 2021. As mentioned in Accounting Today, Denver-based Gries & Associates followed with seven new SEC clients, five of which came from AJ … Continue reading
AQRM Red Flags: Financial Reporting
The Audit Analytics Accounting Quality + Risk Matrix (AQRM) makes it easy to identify accounting, audit, and governance red flags for public companies. This blog series breaks down the risks associated with specific firm-level events included in the AQRM. Misstating financial statements is a … Continue reading