Whenever filing season comes around, we get an influx of interesting disclosures. One thing we keep an eye on is changes in accounting estimates, something we’ve discussed more than once in the past. In this post we look at the … Continue reading
Russell 3000 Changes in Depreciation Estimates: Q2 2017
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Single-Audit Leaders in Worcester County, MA
Audit Analytics publishes a lot of auditor market intelligence, usually with an eye towards the national marketplace. In this post we turn to our own backyard, namely Worcester County, Massachusetts. Bollus Lynch may not have any public companies in its … Continue reading
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After 100 Years, General Motors Switches Auditor
General Motors (NYSE: GM) announced last week in an Item 4.01 8-K that, after their 2017 annual report is filed, the company would be engaging Ernst & Young as its new independent auditor. Following review of proposals from the independent registered public … Continue reading
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An Overview of 17 Years of Changes in Accounting Estimates
Launched back in 2013, the Audit Analytics Changes in Accounting Estimates database now has nearly 18 years worth of changes in accounting estimate disclosures. We’ve analyzed all annual and quarterly SEC filings going back to January 1, 2000. We have just … Continue reading
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A Comparison of Audit Fees in the US and Europe
When considered as a percentage of revenue – a common metric in the industry – European companies paid noticeably less in audit fees for fiscal 2017 than did their US counterparts. In order to perform this analysis, we compared the … Continue reading
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Comparing Non-Audit Service Fees between the EU and US
Some time ago, we looked at how US companies would measure up against the new non-audit services fee cap in effect in the European Union. In the major EU audit reform of 2014, one of the stipulations includes a cap on fees … Continue reading
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Auditors of the Russell 3000
Everyone knows that the Big Four dominate at the top of the public company audit market. The largest companies use the Big Four almost exclusively, and only a handful of other firms compete for a share of that slice of … Continue reading
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Auditor Changes and Audit Fees in Poland
A third of large- and mid- cap Polish companies changed their audit firm from 2016 to 2017, and most of those that did saw their audit fees increase significantly. The European Union passed regulation that requires companies to put their … Continue reading
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Trends in Auditor Market Concentration in Select European Countries
When the European Union recently enacted sweeping regulation of the auditor market, requiring, among other things, auditor rotation at least every 20 years, one of the stated goals was to increase competition in the market. The hope was two-pronged: first, … Continue reading
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BDO and Moore Stephens to Merge in the UK
Last week, BDO and Moore Stephens announced plans for the two United Kingdom firms to merge. This is yet another major event in the UK audit market to occur in the past few months. Not long ago, Grant Thornton issued … Continue reading
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An Overview of European Stock Exchanges
Audit Analytics offers a suite of data products covering European companies. With comprehensive databases of Audit Opinions, Audit Fees, Auditor Tenure, Key Audit Matters, and Transparency Reports, we track over 6,000 companies listed on exchanges across all 31 countries in … Continue reading
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Implications of the CMA’s Call for a Joint Audit among the FTSE 350
Last week, the Competition and Markets Authority (UK) released an update paper regarding its study of the audit market in the United Kingdom. In the paper, the CMA made a number of striking proposals that, if implemented, would lead to … Continue reading
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Year-End European Audit Fees Starting to Roll In
December 31, 2018 year-end annual reports are starting to roll in, and with them our European research team is hard at work extracting audit fee and other audit-related data from them. As of February 18, we have audit fee disclosures … Continue reading
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When Cash is “Key”
Cash may be king, but when it comes to auditing, cash is not usually considered a high risk area. The audit procedures around cash usually begin and end with confirming the balance on hand with the company’s banks, and there … Continue reading
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Overview of European Key Audit Matter (KAM) Disclosures
The disclosure of Key Audit Matters (KAMs) has been required for over a year now, and there is a lot of data available to be analyzed. In this post, we look at the KAM disclosures of more than 1,200 companies … Continue reading
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EEA Auditor Transparency Reports Now Available
Audit Analytics recently released a new feature that will be of interest to observers of the European audit market. Our auditor profile pages now include the annual Transparency Reports of European audit firms. With this new feature, you can easily … Continue reading
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Three Ways to Measure Market Concentration: A Comparison Between the UK and Germany
When considering the concentration of the audit market – that is, how competitive the market is between audit firms – there is more than one way to measure control of the market beyond the number of clients an audit firm … Continue reading
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More Pages to Explore .....
