Deloitte's review of CAMs for all large accelerated filers with fiscal years ending June 30, 2019, filed as of the August 29th filing deadline revealed an average of 1.8 CAMs per filing, and a predominance of CAMs relating to goodwill and intangible assets, revenue, and income taxes, as shown here:
The report's brief dry run "lessons learned" discussion is instructive for companies subject to the CAM disclosure requirements that have not yet reported.
See Cooley's post; these prior reports: "(More) Critical Audit Matter Sightings" and "First Big 4 Critical Audit Matters Spotted!"; and numerous additional resources on our Auditing & Audit Firms, Audit Committees, and PCAOB pages. This post first appeared in the weekly Society Alert!