What Caused SEC Investigation for Healthcare Services Group, Inc.?

On March 4, 2019, Healthcare Services Group, Inc. [HCSG] disclosed that the company will delay its 2018 annual report because the Securities and Exchange Commission (SEC) is conducting a formal investigation into earnings per share (EPS) calculation practices. The investigation … Continue reading

SEC Enforcement Targets Ineffective Controls – Who Else Is at Risk?

The Securities and Exchange Commission recently fined four companies for having ineffective internal controls. In its enforcement press release, the SEC told the four companies, Grupo Simec S.A.B. de C.V. [SIM: NYSE], Lifeway Foods [LWAY: Nasdaq], Digital Turbine [APPS: Nasdaq] … Continue reading

Can Tenure Requirement Provide Insight into Engagement Partner Rotation?

Who audits public companies? This question is continuously of interest to investors, audit firms and academics alike. Firm-level information is, and always has been, available from the audit opinions included in the annual reports. However, until recently, information regarding engagement … Continue reading