Audit Analytics
- Blog
Restatement analysis identifies seasonality to disclosures
While Audit Analytics was reviewing the results of its recent annual report on financial restatements, the company noticed an interesting—although not unexpected—trend. Restatements are most commonly disclosed in the spring.
- Blog
Use of non-GAAP grows in proxy statements
According to new information from Audit Analytics, recent statements and papers from regulators and advisory firms suggest a lack of compliance with non-GAAP accounting rules could be perceived as a key regulatory risk.
- Blog
Audit firm market shares show little shift
Accounting & auditing blogger Tammy Whitehouse looks at market share for the whole population of U.S. public companies. While not very drastic, says Whitehouse, there have been some notable changes to the top 10 firms.
- Blog
Adopting the 2013 COSO framework: fiscal 2015 update
Data gathered by Protiviti and Audit Analytics from fiscal 2015 annual reports show that the implementation of the COSO framework for audited internal control over financial reporting is almost complete: 96 percent of companies reviewed used the 2013 Framework, in comparison to 82 percent for fiscal 2014. Tammy Whitehouse reports.
- Blog
What depreciation at Intel says about Moore’s Law
A recent earnings statement by one of the world’s leading semiconductor manufacturers offers what looks like good news at first blush, but in reality might suggest that a bigger, and more negative trend might be underway. At the heart of it: a potential slowdown in Moore’s Law itself, the law ...
- Blog
Yamana Gold discloses fees for ESG assurance
A gold mining company’s recent disclosure of its cost for obtaining assurance with respect to its use of conflict materials might be the first of its kind, but the lack of standards in this area, coupled with a lack of independent third-party assurance points to a need for higher-quality reports ...
- Blog
Missing XBRL, Late Filings, and Worse
Jan. 7—Enthusiasts of XBRL technology, including the SEC, like to talk about its potential as a tool to make financial information easier to use. That future remains unclear. Here and now, however, errors in XBRL filings might be serving a more practical purpose: They can indicate other financial reporting problems ...
BlogSEC Declining to Comment (in Letters)
The number of SEC comment letters regarding 10-Ks and 10-Qs issued during the first six months of 2014 decreased about 25 percent compared to the same period in 2013, according to Audit Analytics. In our latest guest post from the firm, Audit Analytics look at the most comment types of ...
- Blog
Effective ICFR? The Citigroup Example
Earlier this year, Citigroup received a comment letter from the SEC asking about the effectiveness of its internal control over financial reporting, given the discovery of fraud in its Banamex division in Mexico. In this guest post, Audit Analytics examines the issues raised by the SEC, how Citi responded, and ...