What audit rule changes mean for investors [Advisor.ca (Canada)]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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manulife.com/investor-relations
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Source: Advisor.ca
In late 2017, U.S. regulators finalized changes to the audit report that prefaces company financial statements. Not all changes took effect for 2018 annual reports, but already the differences are noticeable. Audit tenure For audits conducted after Dec. 15, 2017, the auditors’ report to shareholders must disclose how long they have been engaged by the company. The results are quite surprising. At the time of writing, 21 of the Dow 30 companies had released their annual reports (those with Dec. 31 year-ends). The average auditor tenure at those companies was 66 years. In some cases, the auditor had been with the company for so long they weren’t sure when the relationship had started ( see table below ). To check your U.S. holdings, the length of an auditor’s tenure can be found under the signature on the audit report (also known as the audit opinion). The concern for investors is that lengthy audit tenures can lead to lazy auditors, or auditors that willfully
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News
- Should Value Investors Buy Manulife Financial Corp (MFC) Stock? [Yahoo! Finance]Yahoo! Finance
- Manulife (MFC) Upgraded to Buy: Here's Why [Yahoo! Finance]Yahoo! Finance
- Manulife Investment Management Closes Manulife Strategic Secondaries Fund L.P. as GP-led Secondary Program Reaches More Than $600 Million [Yahoo! Finance]Yahoo! Finance
- Manulife Investment Management Closes Manulife Strategic Secondaries Fund L.P. as GP-led Secondary Program Reaches More Than $600 MillionPR Newswire
- Manulife (MFC) Shares Up 11% YTD: More Room for Upside? [Yahoo! Finance]Yahoo! Finance
MFC
Earnings
- 2/14/24 - Beat
MFC
Sec Filings
- 3/25/24 - Form 6-K
- 3/22/24 - Form 6-K
- 2/28/24 - Form S-8
- MFC's page on the SEC website