COVID-19’s effects have rippled through every aspect of our lives. Auditing standards are no exception. There have been several significant changes or developments in auditing standards. If you utilize audited financial statements, you should be advised that the auditor’s reports for the 2021 calendar year-end audits will have a new look. One of the recent […]

M&A activity has continued to outpace the feverish pace of deals for 2021. According to the article from Wolters Kluwer, “the U.S. mergers and acquisitions market in 2021 was unprecedented, with a record $2.9 trillion in transactions (up 55% from $1.9 trillion in 2020) accounting for almost 60% of all global deals based on announced […]

Government contractors have unique accounting requirements. They have a variety of complexities, putting them in a different category in comparison to other niches in the industry. They are not only subject to standard accounting practices, but their field is riddled with accounting regulations, requirements, and other challenges. The complicated and frequently changing rules and requirements […]

Executing Mergers & Acquisitions (M&A) is a very significant event for many businesses today, especially in light of rising global competition, expanding industry trends, technology disruption and the need to transition to new business models. Executives recognize that business success is inextricably linked to creating strategies to deal with economic and environmental changes. Many firms […]

The repercussions of the COVID-19 pandemic are unprecedented and have shaken up lives worldwide,particularly in the different organizations. It significantly impacted labor markets, economies, businesses, and worldwide supply networks, resulting in widespread organizational disruptions and financial difficulties as businesses struggled to fund essential operational expenditures. The government has responded to such market volatility and instability […]

Mergers and acquisitions (M&A) are growing as a result of business restructuring, reorganization, and globalization. It has been a popular approach for businesses looking to develop and strengthen their market position while also improving their overall health and bottom line. Although the number of M&A activities varies each year, growing through this approach has been an […]

During these unprecedented times, firms have had to acclimate to new strategies, adapting creatively to the changing environment. One strategy that has recently gained momentum in the business world is Mergers and Acquisitions (M&A). Executives have found that successful M&A activity can provide greater financial strength and growth to their firms.   For those firms […]

In today’s reality, higher education institutions (HEIs) are facing unprecedented challenges, owing to substantial causes such as the rising overhead expenses for a physical college or university, increased fiscal and enrollment uncertainty as a result of the COVID-19 pandemic, new academic pathways (e.g. certificate programs), and technological innovation. The aforementioned factors have led HEIs to […]

  Every executive loves to see growth, it is a primary indicator of success and a sign that strategies, business processes, workflow, and management in an organization are moving in an upward direction overall. Generally, when starting up a business, the goal is to experience, growth and expansion which would eventually catapult each organization’s operation […]

In this second part of our series on “Succession Planning: Passing and Receiving the Baton,” we will go in-depth in our discussion of the phrase “passing the baton” which means “to hand over a specific duty or responsibility.” We will look closely at the significance of this statement in the context of the transition of […]