All Audit Analytics articles – Page 3

  • Blog post

    Largest companies more often miss filing deadlines, new report shows

    2016-05-26T13:30:00Z

    A recent report from Audit Analytics finds that large accelerated filers, or those with a public float greater than $700 million, are finding it difficult to get their annual reports filed on time. In 2010, says Tammy Whitehouse, only 10 large accelerated filers gave notice to the markets that their ...

  • Blog post

    Restatements take another turn for the better, Audit Analytics says

    2016-05-22T22:30:00Z

    The total number of restatements that were serious enough to undermine reliance on prior financials fell to 161, the lowest level since 2006, according to the latest data from Audit Analytics. And the overall number of restatements dropped 12.7 percent in 2015 from the year before. Tammy Whitehouse has more ...

  • Article

    Feel the Churn: Big 4 Get Squeezed on Audit Engagements

    2015-09-01T11:15:00Z

    Image: The Big 4 audit firms have lost more audit clients this year than they have gained, and second-tier firms seem to be picking them up. That churn is probably due to a variety of factors, from cost to PCAOB inspection reports to ease of working relationship, but the overall ...

  • Blog post

    Audit Fee Data Reveals New Departure from Non-Audit Services

    2015-08-26T15:00:00Z

    According to a recent Audit Analytics study of fees paid in 2014 by 2,300 accelerated filers, 80.3 percent were focused on the integrated financial statement internal control audit; fees for non-audit services dipped to 19.7 percent of the total bill from the audit firm, a drop from 20 percent during ...

  • Article

    Comment Letter Conversations Get a Bit Easier

    2015-08-11T11:15:00Z

    Those awkward conversations you have with SEC staff when they comment on your periodic filings? They’re getting easier. The number of comment letter conversations has fallen 50 percent in the last five years, suggesting overall improvement in financial reporting. “Obviously internal controls have gotten better at companies, and that certainly ...

  • Article

    Parsing the Data on Financial Restatements

    2015-05-05T11:15:00Z

    Image: The data behind financial restatements tell a fairly positive tale for 2014, with improvements in financial reporting across many variables (unless you’re an accelerated filer, where restatements edged up from the prior year). Inside we have a close look at which companies restated for what reasons, and whether improvement ...

  • Blog post

    2014 Restatements Show Further Declines

    2015-04-21T14:00:00Z

    Restatement data for 2014 suggest companies are getting better at financial reporting—producing fewer erroneous reports, with less damaging effects, and correcting mistakes more quickly when they find them, the latest report from Audit Analytics shows. Contrary to all the good news, however, restatements among accelerated filers are not falling. More ...

  • Blog post

    Final 2013 Going-Concern Filings Expected to Decline

    2015-01-07T14:30:00Z

    Audit firms’ going-concern warnings dropped again in 2013, for the sixth year in a row, according to a recent study from Audit Analytics. A review of opinions on 2013 financial results (issued throughout the course of 2014) indicates a drop of 5.9 percent from warnings for 2012. More study details ...

  • Blog post

    Audit Committees Offer Details on Auditor Independence

    2014-12-02T15:45:00Z

    Image: A Center for Audit Quality study shows a significant majority of all S&P Composite 1,500 companies are talking to investors about auditor independence, but fewer address how the auditor is appointed. “We think it is important to provide a baseline for audit committee disclosures, with the intent of tracking ...