Big4 in the news
New US Chairman for PwC, Deloitte oversight failure in Nigeria, and PwC's new acquisition
Category Uncategorized
SEC’s Cryptomining actions
The SEC charged NVIDIA for not disclosing cryptomining's impact on its GPU sales and imposed a $5.5 million penalty. Additionally, the SEC halted a fraudulent cryptomining scheme and expanded its Crypto Assets and Cyber Unit.
Auditor changes in April 2022
SEC registered companies are required to file form 8-K, item 4.01 notice in the event of a change in auditors. We analyze auditor changes for each month looking into auditor change and its reason.
FAANG CFO Salaries
FAANG CFO salaries are notable for their high figures, reflecting the significant responsibilities and competitive nature of these tech giants.
Auditor changes in Nov-21 and Dec-21
SEC registered companies are required to file form 8-K, item 4.01 notice in the event of a change in auditors. We analyze auditor changes for each month looking into auditor change and its reason.
10/30/20 – Auditor Changes
Bad two weeks for BDO as it lost 3 audit clients. KPMG and EY gains one audit client each while PwC lost one to GT. Company Old Auditor New Auditor Sino-Global Shipping America Friedman LLP Audit Alliance LLP AGBA Acquisition…
10/17/20 – Auditor changes
Relatively a quiet week with no major changes in auditors. Company Old Auditor New Auditor Thunder Energies Corp BF Borgers Daszkal Bolton Magna Lab Inc RBSM Michael T Studer Franklin Wireless Corp Haskell & White Benjamin & Ko Rocky Mountain…
10/9/20 – Auditor changes
KPMG and PwC gains one audit each while Deloitte loses one client. Interesting fact is that the gains and losses are from and to non-big 4 firms. Company Old Auditor New Auditor Strattec Security Corporation Deloitte Crowe LLP BioNexus Gene…
9/11/20 – Auditor changes
One major change this week. KPMG lost the audit of Extreme Networks Inc. which bought in $3.6 million in audit fees previous year. Big win for EY!! Company Old Auditor New Auditor Total Fee Previous Auditor (‘000) $ ZZLL Information…