Audit Analytics and S&P indexes

The database with Audit information offers the option to use a list of tickers or CIK numbers and then (if available) audit information on these companies. Indexes of stock exchanges are very often used as lists to do research. The S&P indexes are the most often used indexes. In the past I have blogged on some of the most often used S&P indexes like the S&P 500, S&P 400 and S&P 600 (together they form the S&P1500). The older blog posts covered Datastream, Compustat North America and the S&P websites.

Audit Analytics (AA) also offers a feature to make it easier to do research on companies that are part of the abovementioned S&P indexes. The option is available (only) through the part database “Auditor – Engagements” in the IVES website version of AA (not available in the WRDS version of AA):

The composition of indexes like those of the S&P 500 do change over time. It is therefore important to know how recent these indexes are. The small I-icon next to the selection box of these (market) indexes leads to a help (pop-up) screen that explains more about this. The indexes on offer in AA are specific to a point in time. Example pop-up:

If you want to use the last composition or historical indexes it may be a good idea to use a database like Compustat North America  or Datastream to get these. Just remember that, when using historical indexes, you may not always recognize the companies in the lists as company names and/or Tickers change!

NB: In addition to the three S&P indexes it is also possible to make use of the Russell 1000, Russell 2000 and Russell 3000 indexes.


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