Month: July 2021

0 Comments
Having accountants on the corporate board’s audit committee seems like a no-brainer, and a recent study suggests it helps companies and their investors. The study found that when audit committees include accounting experts, clients pay lower fees when changes in standards decrease required audit effort, pay a smaller fee premium when material weaknesses are remediated,
0 Comments
California will strengthen the security of the debit cards it uses to issue unemployment insurance and other benefits following a wave of fraud, according to an announcement from the state’s Employment Development Department. The state agency plans to work with Bank of America to start rolling out chip-enabled debit cards to new claimants, as well
0 Comments
Document management software provider Doc.It has been acquired by IRIS Software Group, a provider of accounting software globally. Financial terms of the deal were not disclosed. The buy comes at a time when CPA firms across North America are looking to expand and deploy new services, aided by cloud-enabled technology like Doc.It. Doc.It gives IRIS
0 Comments
If you buy something through our links, we may earn money from our affiliate partners. Learn more. “Due Diligence” applies to both buyers and sellers of a business. Due Diligence means you are diligently researching every aspect of the business. Aside from the financials, you’re looking into the business reputation and its potential. When you
0 Comments
In this article CYDY Young chemist working with chemical substances during scientific experiment in laboratory. skynesher | E+ | Getty Images Company: CytoDyn Inc. (CYDY) Business: CytoDyn is a late-stage biotechnology company. The company focuses on developing treatments for multiple therapeutic indications based on leronlimab, a novel humanized monoclonal antibody targeting the CCR5 receptor. Its
0 Comments
Bill.com has inked a deal to buy Invoice2go, an accounts receivable software provider for small businesses. The stock and cash transaction is valued at approximately $625 million. Invoice2Go has offices in Sydney, Australia and Palo Alto, California, giving Bill.com more of a global reach. Already an expert in accounts receivable technology, Bill.com will integrate what
0 Comments
The Financial Accounting Standards Board’s proposed update to its hedge accounting standard could help companies with their risk management, but they will probably need sophisticated hedging expertise to benefit. FASB issued the proposed accounting standards update in May to align a company’s hedge accounting more closely with its risk management strategies (see story). The proposals