Developments in Securities Regulation, Corporate Governance, Capital Markets, M&A and Other Topics of Interest. MORE

We noted a couple of early CAMs here and here.  In addition, as of the end of the week on August 9, 1019, we identified the following CAMs (note that the easiest way to navigate the EDGAR documents to find the CAMs is to search for “critical audit” or if the table of contents is hyperlinked click on Item 8 for the financial statements which should place you close to the audit report):

Diageo PLC – CAMs for impairment assessment of indefinite-lived brand intangible assets and goodwill, taxation – provisions for tax uncertainties and legal contingent liabilities and proceedings.

The Procter & Gamble Company – CAMs for Goodwill and Intangible Assets – Shave Care Goodwill and Gillette Indefinite Lived Intangible Asset and acquisition of the over the counter healthcare business of Merck KGaA.

Broadridge Financial Solutions, Inc.  — CAM for evaluation of goodwill for impairment.

K12 Inc. – CAMs for managed public schools revenues and accounting for income taxes.

Automatic Data Processing, Inc. —  CAMs for goodwill – employer services reportable segment and client fund obligations.

 Paylocity Holding Corporation – CAMs for evaluation of implementation services and determination of capitalized internal-use software development costs.

Cimpress N.V. – CAMs for goodwill – quantitative impairment assessment and acquisition of BuildASign – intangible assets.

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