Fri.Mar 08, 2024

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Spotlight on Auditor Independence

Machen McChesney

Auditor independence is the cornerstone of the accounting profession. Auditors’ commitment to follow the standards set forth by the American Institute of Certified Public Accountants (AICPA), the Securities and Exchange Commission (SEC), and the International Auditing and Assurance Standards Board (IAASB) ensures stakeholders can trust that audited financial statements present an accurate picture of the performance and condition of companies.

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Retail Investors and Corporate Governance: Evidence from Zero-Commission Trading

Harvard Corporate Governance

Posted by Dhruv Aggarwal (Northwestern University), Albert H. Choi (University of Michigan), and Yoon-Ho Alex Lee (Northwestern University), on Friday, March 8, 2024 Editor's Note: Dhruv Aggarwal is an Assistant Professor of Law at Northwestern Pritzker School of Law, Albert H. Choi is the Paul G. Kauper Professor of Law at the University of Michigan, and Yoon-Ho Alex Lee is Professor of Law and Director of the Center on Law, Business, and Economics at Northwestern Pritzker School of Law.

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Trending Sources

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Leading through uncertainty: An interview with Neeti Bhalla Johnson

Mckinsey and Company

A future expected to be volatile means that leaders need to prepare their organizations to expect the unexpected, the Liberty Mutual Insurance executive says.

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Founder Of France's Believe Touts 1st Bid Over Rival Offer

Law 360 M&A

A consortium of investors looking to take over French digital music company Believe SA on Friday acknowledged a competing offer lobbed by entertainment conglomerate Warner Music Group while reiterating that it believes its own bid is "best positioned" to help the music company thrive.

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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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The human element is key: An interview with Barbara Karuth-Zelle

Mckinsey and Company

For Barbara Karuth-Zelle, Allianz’s COO, the human touch is a key ingredient in everything from responsible use of generative AI to successful digital transformations.

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Comment on The Lack of Transparency in Appraiser Compensation by Scott

Appraisers Blog

In reply to Joseph. While putting the fee splits on the invoice is laudable, there is no guarantee that the borrower who pays the fee receives a copy of the invoice and even if they do there is no guarantee that they read it or if they do understand it as a middleman charge and not part of a typical appraisal business model. Separate line items on the closing document are more transparent.

More Trending

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Activist Battle Tips, 'Hair-Raising' Red Flags Detailed At Tulane

Law 360 M&A

Companies attending Tulane University Law School's annual Corporate Law Institute conference got distinctive insights into how they can responsibly fend off activist investor attacks, heard diverging views about activists' motivations, and were warned about potential red flags in board members' pasts.

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How to grow your CPA firm in the midst of change

ThomsonReuters

When it comes to changing pre-established practices in your firm, the logistics can feel like a moving target. As busy accountants, it’s easy to get stuck in survival mode. It can take some effort to think outside the box to grow your CPA firm into a truly successful firm of the future. How can you build your service offerings to better serve your clients and grow your CPA firm through accountability?

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Business Litigators Have A Source Of Untapped Fulfillment

Law 360 M&A

As increasing numbers of attorneys struggle with stress and mental health issues, business litigators can find protection against burnout by remembering their important role in society — because fulfillment in one’s work isn’t just reserved for public interest lawyers, say Bennett Rawicki and Peter Bigelow at Hilgers Graben.

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Comment on Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? by Mary Thompson Thompson

Appraisers Blog

In reply to Baggins. Was just today talking to one of our City councilman who says the planning manager is rubber stamping all proposed developments that are in direct violation of ordinances as it relates to site size, green space, size of homes etc. they just want more people in the city and of course more tax paying citizens. They have turned our wonderful city into high density affordable housing townhomes and small single family home with just over.10 of an acre.

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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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4 Severance Cases Stemming From Musk's X Corp. Takeover

Law 360 M&A

A recently filed suit from four executives alleging Elon Musk cheated them out of severance pay adds to the legal fallout that Musk and X Corp. are facing in the aftermath of the tech billionaire's $44 billion acquisition of the company formerly known as Twitter.

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Comment on Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? by Baggins

Appraisers Blog

‘Have Fannie and Freddie Wrecked the U.S. Housing Market?’ This just in from Bagott. Things are happening. Of course this is mass assessment. The methods will not hold up on a national level. The latest vogue trend in progressive politics is to mandate by imperial decree increased housing density in areas which were not designed to support such capacity, as well as imposing limits on assessment value rises via novel programs, such aa yearly percentage increase cap limit.

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Understanding Private Equity

Benchmark Report

Private Equity (PE) or Private Equity Groups (PEGs) combine large amounts of capital from various sources and directly invest it in private companies or the buyout of public companies (resulting in the delisting of public equity from the stock exchange).

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Comment on We Need a Lobbyist by Close the blinds

Appraisers Blog

I’m sorry. But this ship has sailed. As Mike said appraisers have had plenty of opportunities to join coalitions, the Guild and more yet they refuse to do so. Then they come on here and other groups complaining about fees etc. appraisers are their own worst enemies. They sure can claim they aren’t biased or do an appraisal without being biased yet their own personal biases get in the way of joining a union or state coalition to better their profession.

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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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Equity Investment: Partnering for Profitable Business Acquisitions

Sun Acquisitions

In business acquisitions , the right equity partner can be the key to unlocking growth, innovation, and success opportunities. Equity investment, when done strategically, not only provides the capital needed for acquisitions but also brings valuable expertise, networks, and resources to the table. However, choosing the right equity partner is a critical decision that can significantly impact the outcome of your business acquisition.

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Comment on Should Property Data Collectors Be Licensed? by kenneth welcher

Appraisers Blog

Simply put the answer to that question should be, yes, a PDC should be licensed… they’re entering homes just like an appraiser and as such should be subject to the same scrutiny and regulations… The more nuanced question is… why do/should PDCs even exist? Seems to me that it’s not about any efficiencies, but more about divide, (conquer) and obfuscate…as if somehow the forces that be (lenders & amcs) can make the process even murkier and allow them addition

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Sorrento Gets OK For $2M Ch. 11 Funding Infusion, Asset Sale

Law 360 M&A

A Texas bankruptcy judge on Friday approved drug developer Sorrento Therapeutics Inc.'s bid for an asset sale and $2 million in funds to fuel its Chapter 11 case, saying they represented the only option outside of a transition to Chapter 7.

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Comment on We Need a Lobbyist by Maria

Appraisers Blog

Please, send me an email if you want to do something. There are a lot of people who already does or want, we only need to coordinate the effort: grappraisal@gmail.com After a week I will post how many and in which state (no names or personal info) is interested. I want to go from there. I hope the breath held will not be an upset sight.

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Off The Bench: Dartmouth Union, Iowa Betting Case Folds

Law 360 M&A

In this week's Off The Bench, Dartmouth College men's basketball players vote to unionize over the school's objections, a probe into Iowa State University athletes' gambling activities fizzles amid warrantless search allegations, and a Wimbledon champion gets her doping suspension reduced. If you were on the sidelines over the past week, Law360 is here to clue you in on the biggest sports and betting stories that had our readers talking.

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Comment on We Need a Lobbyist by Maureen Sweeney

Appraisers Blog

In reply to Maria. I am happy to help, Maria. English is my primary language, and I sometimes get mixed up. I thank you for your question, and that I was able to be of assistance. If we don’t have questions, how will we ever receive answers and learn? ?

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CFIUS Rules May Need Review Amid 'Exponential' Growth

Law 360 M&A

Foreign direct investment-related enforcement and penalty processes in the U.S. could use a review amid "exponential" growth in FDI regimes across the globe, greater awareness of national security risks, and increased U.S. outreach to foreign partners, a U.S. Treasury Department official said Friday.

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Comment on We Need a Lobbyist by Maria

Appraisers Blog

In reply to Maureen Sweeney. Thank you for your notes. I think I was not clear, apology, English is my second language. I was wondering how the appraiser would be able to choose comps whose owners belong to the same racial group. It would be a lot of extra effort to do so. Thank you though. I didn’t grow up in this country and might be overly-sensitive for marxist ideology.

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5 Models For Structuring Health Provider-Payor Partnerships

Law 360 M&A

With recent data showing that the U.S. continues to spend more and get less for healthcare services compared to other industrialized nations, providers and payors should consider a variety of partnership structures that can help achieve the so-called triple aim of improving the health of individuals and populations while reducing per capita costs, says John Howard at Thompson Coburn.

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Comment on Should Property Data Collectors Be Licensed? by Nancy M. Burnett

Appraisers Blog

I work in rural counties of southeast Ohio and West Virgina. I have a hard enough time describing some issues I run in to in a typical days work. I can’t imagine relying on someone else to view a property and collect the data. I have 34 years experience and am still learning something new all the time. I will not complete an Appraisal based on data from an untrained and unlicensed data collector.

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7 Steps To Fine-Tune Your Core Values

Rhythm Systems

Great companies live and die by their core values because core values drive behavior. Unfortunately, many companies define their core values only to have them become nothing more than posters on the wall.

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February 2024 SAAR

Auto Dealer Valuation Insights

The February 2024 SAAR was 15.8 million units, a 6.0% increase from last month and a 6.3% increase compared to this time last year. February 2024’s year-over-year sales improvement and consistently improving inventory levels may indicate that the industry is reverting to its pre-pandemic ways.

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Longtime Bressler Amery Cannabis Atty Joins Fox Rothschild

Law 360 M&A

Fox Rothschild LLP announced that an experienced cannabis and financial services attorney who spent nearly two decades with Bressler Amery & Ross PC has moved to the firm's litigation practice as a partner in Morristown, New Jersey.

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Employee Alignment Is Essential in Wealth Management

Auto Dealer Valuation Insights

Employee alignment is important for most companies, but in asset and wealth management, it’s essential. A useful framework for thinking about the importance of employee alignment is to think of it as a function of the capital intensity of a business model: For a capital-intensive business, capital (fixed assets) is the primary input to generate the goods or services that the company produces.

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Del. Dispatch: How Moelis Upends Stockholder Agreements

Law 360 M&A

The Delaware Court of Chancery's Moelis decision last month upended the standard corporate practice of providing governance rights in stockholder agreements and adds to a recent line of surprising decisions holding that long-standing, common market practices violate Delaware law, say attorneys at Fried Frank.

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Comment on We Need a Lobbyist by Eric Kennedy

Appraisers Blog

In reply to Maureen Sweeney. I have often said that I have taken a racial bias class the last 17 times I’ve been forced into a USPAP Update.

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Colo. Judge Sends Pot Co. Receivership Spat To Arbitration

Law 360 M&A

A member of a struggling cannabis cultivation and dispensary business alleging mismanagement by other owners must take its receivership battle to arbitration, after a Colorado state judge found that the company's operating agreement requires it.

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UK competition regulator raises price concerns over sugar deal

Financial Times M&A

CMA warns merger of the makers of Tate & Lyle and Whitworths brands could leave only two large suppliers in the UK

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Understanding Insurance Is Key To Limiting Antitrust Liability

Law 360 M&A

As regulators signal their intent to continue last year's aggressive campaign of corporate antitrust litigation, businesses must make active management of their liability insurance policies, along with a firm knowledge of the limits of their coverage, central to their strategies for limiting the enormous financial risks of enforcement, say attorneys at Nossaman.

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More on Kellner: Avoid Paying Plaintiffs’ Lawyers

John Jenkins

In early January, John blogged about the Chancery Court’s decision in Kellner v. AIM Immunotech (Del. Ch.; 12/23) addressing a challenge to advance notice bylaw amendments. Vice Chancellor Will upheld certain amendments but struck down others. This Morgan Lewis memo discusses the fallout from that decision.

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