Ernst & Young Call Off Split of Their Audit and Advisory Services: What Changed?
Last year, we wrote a blog in response to Ernst & Young's announcement that they would be splitting off their audit and advisory operations, which would have been the first time a Big Four accounting firm has ever done this. EY's split would have created two new...
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Understanding the Impacts of The Water Shortage Out West
The western region of the United States is currently facing a water shortage so severe it is being referred to as a megadrought. The Los Angeles Times reports that this is the worst drought in over 1,200 years, and factors like climate change and overuse of water...
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The Recovery of Gym Franchises Since COVID-19
Health and wellness industries were hit hardest during the pandemic. Since the start of COVID-19, 22 percent of gyms were forced to close their doors and the industry saw a revenue drop of close to $29.2 billion. Circumstances seemed grim for gym franchises over the...
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ASC 842: New Accounting Standard Applicable to Private Companies
For many private companies, the opening months of 2023 may present a series of accounting challenges, stemming from a change in lease accounting guidelines. In 2016, the Financial Accounting Standards Board (FASB) replaced ASC 840 with ASC 842, a set of new rules for...
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Appraisal Economics has conducted a transfer pricing study and determined the arm’s length royalty rates for intellectual property licensed between U.S. and Canadian entities. We determined separate royalty rates for trademarks, patents, and unpatented proprietary...
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Walgreens Buys Summit Health to Boost Footprint and Earnings
Urgent care facilities continue to rise in popularity as an efficient and affordable alternative to hospital emergency room treatment. Since 1919, Summit Health has been a pioneer in the concept of multispecialty coordinated care, including urgent care. As healthcare...
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How the War in Ukraine Spurred an Energy Crisis
When Russia officially launched their full scale attack on Ukraine in February, the world watched and waited. After more than ten months of consistent conflict, Ukraine prepares for another, harsher, winter. Russian occupation of important territory and tactical...
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Donating Cryptocurrency Assets to Charity
Philanthropic efforts provide necessary resources for a number of community and global improvement causes. Generous donors who make contributions to such causes create opportunities for those less fortunate. In addition to leaving a lasting legacy, charitable...
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SEC’s Recent Adoption of the Pay Versus Performance Disclosure Rules
Transparency is a key factor for stakeholders in the financial realm. Too many past incidents have left investors and the general public weary of new capital ventures. The expectation of full disclosure has become a norm for doing business today. The Securities and...
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Ernst & Young Announces Potential Split of Audit and Advisory Services
Earlier this year, Big Four accounting firm EY announced the possibility of a global split off of their audit and advisory operations. They are the first of the Big Four accounting firms to ever consider this approach, and it would be one of the most significant...
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