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2 May 2024, 2:30 am by Meredith Ervine
Here are some takeaways from the summary: – 239 audit firms conducted audits for 6,607 registrants – The top ten firms audited 68% of registrants – Among large accelerated filers, the Big Four audited 90% of registrants – Audit firm market share was diverse among SRCs, with several firms outside of the Big Four holding a top spot – The Big Four generally topped the lists and, excluding SPACs, the fourth Big Four player had a 5% market share lead on the audit firm ranked… [read post]
4 Apr 2024, 9:01 pm by Meredith Ervine
., segment reporting) – Non-GAAP compliance – Critical accounting estimates disclosures in MD&A – Disclosures regarding supplier finance programs in notes to the financial statements and in MD&A – Disclosures by China-based issuers – Inflation disclosures, ensuring that disclosure addresses particularized risks and impacts specific to the company – Interest rate and liquidity risk disclosures – Emerging areas, including AI and exposure to commercial… [read post]
3 Apr 2024, 3:15 am by Meredith Ervine
In considering what to address in AI disclosures, the Staff highlighted the following considerations: – Whether use of AI exposes the company to additional operational or regulatory risks, including risks related to data privacy, discriminatory results or bias, IP, consumer protection, regulatory compliance and macroeconomic conditions – Whether the company’s disclosure on its use and development of AI and material AI risks are tailored to its facts and circumstances –… [read post]
3 Apr 2024, 12:15 am
Meredith Ervine recently wrote about reverse stock splits and Nasdaq listed issuers. [read post]