Category: Early-stage case evaluation

AI & Audit May 22, 2026

The Use of AI in Early-stage Evaluation for Auditor Failures

Chanyuan (Abigail) Parker and Pian Chen |  May 22, 2026

PCAOB Auditing Standard 1000 requires auditors to obtain reasonable assurance that financial statements are free of material misstatements. Material misstatements are errors that meaningfully distort the information in financial statements. When discovered, they are typically corrected through restatements, which are disclosed via Item 4.02 of Form 8-K, a requirement by the SEC since 2005.[1]

Read More
Antitrust Apr 22, 2026

Supply Discipline in the NAND Market: Any Antitrust Concerns?

Pian Chen and Rui Huang | April 22, 2026

Contract prices for NAND flash memory have risen sharply in the second half of 2025 as enterprise storage demand has accelerated alongside AI infrastructure investment. Prices are expected to double in 2026.[1] Despite rising demand and prices, Samsung and SK Hynix are planning production reductions in 2026 by 4.5% and 10.5%, respectively.[2] This raises key questions: Does Samsung and SK Hynix's announced supply reductions in 2026 raise antitrust concerns?

Read More