Companies that have reached more than one signal. A raw filing
feed shows each event alone; the order they arrive in is often the more
informative thing.
A recognisable progression runs late filing → auditor
change → going concern → non-reliance. Not every company follows it,
and reaching one step does not imply the next. Dates are filing dates.
How often one signal follows another
Across the 224 companies recorded here, using
their full filing history from SEC EDGAR —
4,048 historical events
in total, within a 540-day window.
An auditor change was followed by a non-reliance filing24%
45 of 187 companies
A late filing was followed by a non-reliance filing35%
73 of 211 companies
A late filing was followed by an auditor change72%
152 of 211 companies
A non-reliance filing was followed by an auditor change51%
44 of 86 companies
View as a table
Sequence
Companies with the first event
Followed by the second
Rate
An auditor change was followed by a non-reliance filing
187
45
24%
A late filing was followed by a non-reliance filing
211
73
35%
A late filing was followed by an auditor change
211
152
72%
A non-reliance filing was followed by an auditor change
86
44
51%
Read this narrowly. These are conditional
rates inside a population this tracker already flagged, not population base
rates. There is no matched control group, so they cannot tell you that one
event makes another more likely — only how often, among these companies,
one followed the other. The sample is small and skewed toward smaller issuers.