Audit Analytics' new SEC Comment Letters database is now available. Comprised of more than 25,000 letters (including foreign and Canadian filers) with 1,000 expertly graded taxonomy tags, the new SEC Comment Letters database is a comprehensive, non-binding body of SEC rules interpretations.

Searchable by company, disclosure issues, people and key text, the SEC Comment Letters database provides the ability to learn the SEC's stance on a given issue through the fact-dense scenario revealed in a chain of correspondence. This uniquely flexible tool offers significant time and cost savings to public accountants, attorneys, research analysts and many others.

For more information on Audit Analytics' new SEC Comment Letters database CLICK HERE.

The new Audit Analytics briefing on the Sarbanes Oxely Act, Section 404 Internal Controls over Financial Reporting (ICFRs) is now available. SOX 404 is presently in its forth year of application. This year's briefing is particularly significant because this is the first year that many filers have been required to comply with the Internal Controls guidelines.

Audit Analytics has been tracking ICFRs since the Sarbanes Oxley Act went into effect. For the most recent year there were 4,012 SOX 404 Auditor Attestations filings examined by Audit Analytics. One key finding of the report is that although the overall rate of adverse auditor attestations has steadily declined since Year 1, there was a significant spike in the percentage of adverse attestations from first-time filers.

To access the report CLICK HERE.

Downloaded Excel spreadsheets from Audit Analytics' Auditor Engagement search will now include fields indicating a company's accounting basis and whether they are a large accelerated filer. This means it is now possible to differentiate between sizes of accelerated filers and to determine whether they use US GAAP or IFRS accounting standards. This addition is part of Audit Analytics' ongoing efforts to provide clients with the most comprehensive, current and convenient data available.

The Auditor Engagement Search is available with a subscription to Audit Analytics' Audit and Compliance Module. For more information CLICK HERE.