Thu.Jul 06, 2023

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ESG Recent Developments

Harvard Corporate Governance

Posted by Miriam Wrobel, Ben Herzkowitz, and Peter Reilly, FTI Consulting, on Thursday, July 6, 2023 Editor's Note: Miriam Wrobel is Senior Managing Director and Global Leader of FTI Consulting’s Environmental, Social and Governance and Sustainability practice, Ben Herzkowitz is Senior Managing Director and Peter Reilly is Managing Director at FTI Consulting.

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What accounting advisory services should firms offer?

ThomsonReuters

If you’re a leader within an accounting firm, you’ve likely heard of advisory services and their lucrative impact. This trend is picking up pace as traditional accounting firms seek more strategic and meaningful work that goes beyond just tax returns. Offering your clients proactive advice through accounting advisory services is especially important as the regulatory and legislative landscape continues to become increasingly complex.

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Compliance Gatekeepers

Harvard Corporate Governance

Posted by Asaf Eckstein (Hebrew University) and Roy Shapira (Reichman University), on Thursday, July 6, 2023 Editor's Note: Asaf Eckstein is Associate Professor at Hebrew University and Roy Shapira is Professor of Law at Reichman University. This post based on their article forthcoming in the Yale Journal on Regulation. Compliance has become a critical corporate governance issue.

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What is tax advisory?

ThomsonReuters

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable. That’s why many accountants are embracing the profitable shift to tax advisory services.

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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To Reach the Strategy Summit, Choose the Right Sherpa

Rhythm Systems

Just as mountain climbers rely on the expertise of their Sherpas and their advanced equipment to navigate and conquer the most formidable peaks, your business journey, too, requires the right guide and technology. At Rhythm Systems, we combine the insights and wisdom of Sherpas with cutting-edge software to guide you on your path to success. You see this person heading to the top?

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What to look for in a career change from accounting

ThomsonReuters

If you are an accounting professional who has been contemplating a change in career path, you’re not alone. Accountants have the knowledge and experience necessary to work as trusted advisors to the public or within a company, so your certification qualifies you for a variety of career paths. From financial planner to investment banker to business analyst, there are many roles to consider if you find yourself looking for something new.

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More Trending

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Why accounting firms should become business advisors

ThomsonReuters

As accounting firms look to differentiate themselves from the competition, one trend is leading the way: business advisory. From advising on mergers and acquisitions to specializing in accounting and advisory in your clients’ specific industry, there are many ways to take advantage of this unique opportunity. What are business advisory services? Business advisory services capitalize on the unique insight of accounting firms to make a profitable shift from serving clients as a once-a-year tax com

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Comment on Diversity, Equity and Inclusion Is Overlooked by HUD Secretary Marcia Fudge by Baggins

Appraisers Blog

HUD Secretary Fudge decided to convene a special meeting of master minds with absolutely no real diversity, equity or inclusion included.

Equity 98
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What are APIs and how can they streamline tax provision calculations?

ThomsonReuters

Tax teams prepare tax provisions by gathering data, performing calculations, and entering the results into forms. However, corporate tax teams find it difficult to automate this process. With the help of Application Programming Interfaces (APIs), these teams can revisit their year-end workflow with an eye to making it more efficient. What are APIs and how do they work?

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The rewired enterprise: How five companies built to outcompete

Mckinsey and Company

Lessons from five rewired enterprises highlight how to turn initial digital gains into enterprise-wide ones.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Accounting advisory: What you need to know

ThomsonReuters

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. It’s about finding ways to set your firm apart—and there’s no better way to do that than by offering advisory services. With technology that automates traditionally manual tasks related to core tax compliance work, more and more firms are capitalizing on the opportunity to hone in on and better execute long-term strategy by offering value-adde

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Vendor Due Diligence for Banks | Ncontracts

N Contracts

Vendor due diligence is the practice of thoroughly assessing and managing the risks associated with your bank’s third-party service provider relationships.

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EU Flags Concerns Over Amazon's $1.7B Roomba Maker Deal

Law 360 M&A

Europe's competition enforcer said Thursday that Amazon's planned $1.7 billion purchase of iRobot Corp. could allow the e-commerce giant to suppress rival robotic vacuum makers while giving it additional data to strengthen its position as an online marketplace.

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How top performers outpace peers in sales productivity

Mckinsey and Company

The macroeconomic environment is putting sales budgets and bottom lines under pressure. “Doing more with less” isn’t just a mantra, it’s a decree.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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South African Watchdogs Clear Microsoft-Activision Deal

Law 360 M&A

South Africa's Competition Tribunal cleared the proposed $68.7 billion merger between Microsoft and video game company Activision Blizzard, as the combination continues to undergo scrutiny in the United States and the United Kingdom.

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Comment on Diversity, Equity and Inclusion Is Overlooked by HUD Secretary Marcia Fudge by Baggins

Appraisers Blog

In reply to Mary Cummins. I’m not buying into the popular narratives that there is some inevitable additional strength gained through diversity. There is nothing wrong with like minded people coalescing together for common goals, and such groups have a good track history of often accomplishing positive results. As noted below, it may be time for us to identify the root cause of many of our societal problems as being rooted in too much government, too high of a constant taxation, too many i

Equity 76
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Man Group moves into private credit with US fund Varagon purchase

Financial Times M&A

Private credit market continues to grow as interest rates rise and companies seek alternatives to bank finance

Banking 80
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Comment on Diversity, Equity and Inclusion Is Overlooked by HUD Secretary Marcia Fudge by Baggins

Appraisers Blog

[link] Key Points / In 41 of the 100 largest secondary cities in the U.S., renters earn half or less than half of the income they would need to buy a median-priced starter home. Something about how corporations now speculate in residential housing using avm algorithms with an unlimited budget, focused on the lowest cost housing stock, to hold as rentals indefinitely, which in turn has propped up markets with artificially high purchase and rental cost basis, hindering first time buyer opportuniti

Equity 75
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Making sense of generational stereotypes at work

Mckinsey and Company

Boomers to the left of you; Gen Z to the right. Are we really so bafflingly different?

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Generali snaps up Conning to create one of Europe’s largest asset managers

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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As physicians are strained by surging demand, AI may provide relief

LaPorte

(authored by RSM US LLP) Generative artificial intelligence (AI) could ease the burden on physicians as they struggle to meet the needs of patients. The post As physicians are strained by surging demand, AI may provide relief first appeared on LaPorte.

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FIS/Worldpay: payment falls due for fintech hype

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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DigitalOcean Buys Paperspace To Boost AI Capabilities

Benzinga

DigitalOcean Holdings Inc (NYSE: DOCN ) has acquired Paperspace for $111 million in cash. Paperspace offers cloud infrastructure as a service for highly scalable applications leveraging graphics processing units (GPUs). With the acquisition and integration of Paperspace, DOCN will boost its offerings aiding customers to smoothly test, create and deploy artificial intelligence and machine learning (AI/ML) applications.

Equity 52
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The Chicago private equity firm behind a mega-deal

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Pre-Merger Non-Solicitation Ban Yields No Antitrust Claim

National Law Review M&A

Per Court in Ahn v Stewart Title Guaranty, executive's injury didn't arise from alleged anticompetitive aspects of agreement but rather from conduct that emphasized competitor competitive differences.

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Air Quality In Schools - Modine Bolsters Product Offering Via Napps Technology Acquisition

Benzinga

Modine Manufacturing Company (NYSE: MOD ) has acquired Napps Technology , a manufacturer of air- and water-cooled chillers, condensing units and heat pumps for the K-12 school market and other similar applications. The financial terms were not disclosed. Modine, which currently serves the approximately $2 billion North American chiller market, expects the Napps acquisition to enhance its offerings to the.

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Boards Urged to Collaborate With Internal Audit Amid Rising Interest Rates as Recession Fears Grow

Audit Board

New poll reveals the risk level posed by economic uncertainty is now viewed as high or very high by over half of all businesses. Cash flow and liquidity concerns, along with changes in consumer demand and behaviour, are now the top risks being exacerbated by the downturn. As businesses battle against economic turbulence, driven by stubbornly high inflation and an interest rate rise shock, the Chartered Institute of Internal Auditors is urging boards to work alongside their internal audit functio

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Thermo Fisher Acquires Audax-Backed CorEvitas For Over $900M

Benzinga

Thermo Fisher Scientific Inc (NYSE: TMO ) agreed to acquire CorEvitas LLC from Audax Private Equity for $912.5 million in cash. CorEvitas, based in Waltham, Massachusetts, with operations focused in the U.S., provides regulatory-grade, real-world evidence solutions to pharmaceutical and biotechnology companies with objective data and clinical insights to improve patient care and outcomes.

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Clark Hill Merges With Chicago's Funkhouser Vegosen

Law 360 M&A

International law firm Clark Hill PLC said Thursday it had combined with Funkhouser Vegosen Liebman & Dunn Ltd., a merger that will expand Clark Hill's Chicago office ranks to more than 90 attorneys.

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Marsh & McLennan Buys Integrity HR To Boost Employee Health & Benefits Business

Benzinga

Marsh & McLennan Companies Inc (NYSE: MMC ) announced the buyout of Integrity HR, Inc. for an undisclosed term. The acquisition of this human resources consulting firm will boost MMC's national Employee Health & Benefits division. Founded in 2007, Integrity HR serves midsize clients. Its 13 employees, including Amy Newbanks Letke, Founder & CEO, will.

Equity 52
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Chris Mercer to Speak at the 2023 NACVA Super Conference

Auto Dealer Valuation Insights

Christopher Mercer, FASA, CFA, ABAR will be speaking at the 2023 NACVA Business Valuation & Financial Litigation Super Conference on Friday, July 14, 2023, in Salt Lake City, Utah. Chris’s session is titled and will cover “The Future of the Business Valuation Profession.” Chris Mercer is the Chairman of Mercer Capital. He began his valuation career in the late 1970s and has testified in five.

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Bausch + Lomb Expands OTC Eye Care Portfolio, Acquires JNJ's Blink

Benzinga

Bausch + Lomb Corporation (NYSE: BLCO ) has acquired Johnson & Johnson's (NYSE: JNJ ) eye and contact lens drops brand Blink for $106.5 million to bolster its position in over-the-counter (OTC) consumer products for eye care. The deal marks its second in two weeks to bolster the contact lens maker's portfolio of eye care products. The Blink portfolio of eye drops consists of various eye drops.

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How to get into M&A advisory services

ThomsonReuters

Are you an accountant looking to break into the exciting world of mergers and acquisitions (M&A) advisory services? It can be a lucrative and rewarding career but getting started in M&A advisory can be daunting. In this blog we’ll cover the key elements needed to understand M&A advisory services, including the differences between investment bankers and M&A advisors, why accountants should consider getting into mergers and acquisitions advisory, and more.

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Omnicom Buys Grabarz & Partner, Boosting Presence In Germany

Benzinga

Omnicom Group Inc (NYSE: OMC ) disclosed the buyout of Grabarz & Partner to boost its footprint in Germany. The financial terms were not disclosed. With more than 260 employees, Grabarz & Partner is a renowned creative agency headquartered in Hamburg. The acquisition is expected to. Full story available on Benzinga.

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