An extended version of this article was first available to subscribers of Accounting Quality Insights by Audit Analytics on Bloomberg, Refinitiv Eikon, FactSet, and S&P Global. The Securities and Exchange Commission (SEC) provides a list of certain enforcement actions related … Continue reading
Considering Internal Whistleblower Systems When Evaluating External Risk
Whistleblowers can serve as an integral component for identifying and stopping securities fraud. According to PricewaterhouseCooper’s 2016 Global Economic Crime Survey, 33% of suspicious activity was identified by internal reporting from staff and an additional 10% of suspicious activity was … Continue reading
European Companies with Frequent Auditor Changes
While much of the concern surrounding audits in Europe revolves around long tenures – audit firms auditing the same client for years, or even decades, on end – it is perhaps more of a concern when a company switches its … Continue reading
Q2 2019 IPOs: Auditor Market Share and Stats
Overview There were 79 initial public offerings in U.S. markets between April 1, 2019, and June 30, 2019. These IPOs raised over $32.7 billion for the quarter, an increase of roughly $25 billion from last quarter and an increase of … Continue reading
COO and General Counsel Departures: 2016-2018
Audit Analytics tracks all director and officer changes disclosed in Item 5.02 of 8-Ks and, using a custom taxonomy, classifies the nature of the departure and the general reason for such change, if provided. In a previous post, we looked … Continue reading
Who Audits Public Companies – 2019 Edition
Since last year’s analysis, the population of SEC registrants decreased by 3%, from 6,167 registrants in 2018 to 5,973 in 2019. The top 10 firms by registrant count (EY, PwC, Deloitte, KPMG, BDO, Grant Thornton, Marcum1, RSM, MaloneBailey, and Crowe) … Continue reading
When Does Insurance Cover Cyberattacks?
This article was first available to subscribers of Accounting Quality Insights by Audit Analytics on Bloomberg, Eikon, FactSet, and S&P Global. In 2014, global life sciences technology company Medidata Solutions [MDSO] fell victim to a “phishing” attack, losing nearly $5 … Continue reading