Accounting services – Kelley PC http://kelleypc.com/ Tue, 22 Nov 2022 16:33:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://kelleypc.com/wp-content/uploads/2021/07/cropped-icon-32x32.png Accounting services – Kelley PC http://kelleypc.com/ 32 32 Is the privilege waived when cooperating with a police investigation? | Blake, Cassels & Graydon LLP https://kelleypc.com/is-the-privilege-waived-when-cooperating-with-a-police-investigation-blake-cassels-graydon-llp/ Tue, 22 Nov 2022 16:33:16 +0000 https://kelleypc.com/is-the-privilege-waived-when-cooperating-with-a-police-investigation-blake-cassels-graydon-llp/ As Justice Tyndale once said in a decision rendered by the Quebec Court of Appeal (CQA), “It is common sense that a secret once revealed is no longer a secret. This adage has since been widely used in support of the principle that the disclosure of privileged information to a third party, who may in […]]]>

As Justice Tyndale once said in a decision rendered by the Quebec Court of Appeal (CQA), “It is common sense that a secret once revealed is no longer a secret. This adage has since been widely used in support of the principle that the disclosure of privileged information to a third party, who may in turn freely disclose it, generally entails a waiver of that privilege against any attorney. other third party. However, this principle has been modified over time to take into account the context surrounding each case, whether the privileged information is disclosed implicitly or explicitly.

As a recent example, in McGill University Health Center v. Lemaythe QCA has also modulated the general principle according to which the disclosure of privileged information to a third party necessarily entails the waiver of professional secrecy of the lawyer with regard to third parties, this time within the framework of a criminal investigation carried out by a police force.

In the CAQ’s decision, Justice Mainville, supported by Justices Lavallée and Kalichman, concluded that the disclosure of privileged documents to a police force in this case, the Permanent Anti-Corruption Unit (UPAC) for the purposes of a criminal investigation does not result in loss of solicitor-client privilege to other third parties.

In this case, UPAC conducted a criminal investigation into allegations of collusion and corruption in the awarding of contracts. One of the organizations involved in this investigation has retained legal counsel to advise it on these allegations. The lawyer then hired a firm specializing in investigation and forensic accounting services. Following a report by this firm, the organization decided to collaborate with UPAC in its ongoing investigation and provided it with a copy of the report, which was subsequently the subject of a request for access to information submitted to the organization by a journalist.

While the Superior Court of Quebec had ruled that the transmission of the aforementioned report to UPAC constituted a waiver of professional secrecy of the lawyer (thus reversing previous decisions of the Commission d’accès à l’information and the Court of Quebec), the QCA instead concluded that, based on the particular facts of this case, the organization had not waived privilege over the document.

Disclosing privileged information to law enforcement authorities is more of a moral duty than a legal obligation. According to the QCA, such disclosure does not in itself demonstrate a clear and unequivocal intention to waive solicitor-client privilege. In support of this interpretation, the QCA agreed to import into Quebec civil law the common law criterion of public interest.

However, it is important that the disclosure of privileged information to a police force be done for limited and not general purposes. In its analysis of whether the disclosure in this case was made for a limited purpose, the QCA considered the party’s handling of inside information by the party claiming solicitor-client privilege, solicitor-client privilege and confidentiality statements in documents containing inside information, as well as the reservations expressed during the disclosure.

Finally, the obligation of confidentiality that applies to the police forces in the context of their investigations also led to the conclusion that the disclosure of privileged information was for limited purposes, since the police forces cannot freely disclose information privileged information collected during a criminal investigation.

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AML entities report good news https://kelleypc.com/aml-entities-report-good-news/ Thu, 17 Nov 2022 20:34:21 +0000 https://kelleypc.com/aml-entities-report-good-news/ By Brian Blackwell, Baptist Message personal writer ALEXANDRIA, (LBM) – Messengers to the 2022 Louisiana Baptist Convention Annual Meeting, Nov. 15, held at Calvary Baptist Church, Alexandria, heard encouraging updates from the four entities of State. LBF Louisiana Baptist Foundation President Jeff Steed explained how the entity helps increase God’s presence and prominence through financial […]]]>

By Brian Blackwell, Baptist Message personal writer

ALEXANDRIA, (LBM) – Messengers to the 2022 Louisiana Baptist Convention Annual Meeting, Nov. 15, held at Calvary Baptist Church, Alexandria, heard encouraging updates from the four entities of State.

LBF

Louisiana Baptist Foundation President Jeff Steed explained how the entity helps increase God’s presence and prominence through financial ministry.

Steed announced that the LBF has launched Giving Gateway, an initiative that helps churches and individuals build a legacy and develop a culture of giving through various options that will impact future generations for Christ. More information can be found at giving-gateway.net.

He reported that more than $2.2 million in special gifts set up over the past 12 months have benefited churches and other ministries, and that the Foundation’s short-term fund during the same period brought in more than $1.9 million for church accounts and other ministries. In addition, $20.9 million in overall support to the ministry has been made since the July 2020 launch of the LBF’s Vision200 (aiming to impact the Kingdom with $200 million through the LBF in 20 years or less).

Through LBF’s ChurchBiz services, the entity recently added accounting services, online giving, church loans, payroll services, an IT helpline and fundraising, Steed added.

“Thank you, Louisiana Baptists, for the honor of partnering with the ministry to move the Kingdom forward one dollar at a time, one ministry at a time, one life at a time,” Steed said.

UCL

Louisiana Christian University President Rick Brewer shared how God has bestowed many blessings on the school.

During the 2021-22 academic year, LCU celebrated: Reaffirmation of accreditation with no findings of non-compliance from the Southern Association of Colleges and Schools Commission on Colleges (the regional accrediting body ); success through its athletic program after transitioning from NCAA to NAIA athletic classification; and classroom updates.

More recently, the school launched the Jonathan E. Martin Master of Business Administration program. It will offer distinctive emphases for data analytics, finance, accounting, healthcare, marketing, management, entrepreneurship, and leadership.

Brewer reminded the messengers LCU is a Christ-centered university that intends to teach students to make a difference for Christ in the culture through courses, seminars and faculty who are passionate about Jesus.

“The Faithful Christian University doesn’t just teach evangelism and missions,” he said. “No, it’s driven by them.”

BAPTIST MESSAGE/PUBLIC POLICY

Baptist message Editor Will Hall told messengers the entity’s budget in the reporting book and reported the listener’s comment that the news service’s finances are “in excellent shape”. Hall also directed messengers to another page with an article about how his team provided extensive coverage of issues, personalities and events that impact Baptist life, work, homes and ministries. of Louisiana.

He also outlined plans for 2023, noting special coverage that will be given to how Baptists in Louisiana are using events leading up to the Southern Baptist Convention, scheduled for New Orleans, to reach the lost for the Christ. Moreover, the Baptist message plans a special edition (to be distributed at the SBC) that will highlight the work of Baptists in the state with articles about pastors, evangelists and church planters who lead Louisiana Baptists in soul winning .

Hall, who also serves as director of the Convention’s Office of Public Policy, said Louisiana Baptists won key legislative victories in 2022 and led crowds to celebrate the Supreme Court’s decision that overturned Roe vs. Wade as well as the subsequent state ban on abortion.

“Since the Supreme Court verdict was released in June, nearly 2,600 Louisiana babies have been saved from abortion to date,” Hall said.

He noted that there were 15 Louisiana Baptist lawmakers in the House and eight in the Senate, and he said most had worked with the Office of Public Policy to pass good laws and oppose bad laws.

“I want you to understand the difference you are making and making with the resolutions you pass on moral issues, social concerns and religious liberty,” he said. “You are helping to change the culture of our state as a community of faith known as Louisiana Baptists.”

Hall ended her report by paying tribute to three people who are strong partners with Louisiana Baptists in a pro-life, pro-family initiative: Claire Lemoine, former director of the CENLA Pregnancy Center (Esther’s Courage Award); and Ben Clapper, executive director, Louisiana Right to Life, and Gene Mills, president, Louisiana Family Forum (Shammah’s Courage Awards).

LOUISIANA BAPTIST CHILDREN’S HOME

Louisiana Baptist Children’s Home and Family Ministries President and CEO Perry Hancock said he’s grateful Louisiana Baptists care about seeing others come to Christ, specifically citing the ministry of placement and Entity Connect1Child adoption; Residential Minister Care Program (for transitioning LBC pastors and SBC missionaries on assignment in the United States, transitioning to a new ministry, or retiring from missionary service); HomePlace ministry for homeless women and their children; and the Granberry advice centres. He also praised the ministry done in partnership at the Haitian Children’s Village built by Louisiana Baptists.

He said that in 2021, the entity was caring for more than 8,000 children, families and people in need.

“Thank you for your attention,” he said. “Because you care, it makes a difference.”

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Thomson Reuters to acquire SurePrep https://kelleypc.com/thomson-reuters-to-acquire-sureprep/ Fri, 11 Nov 2022 16:05:35 +0000 https://kelleypc.com/thomson-reuters-to-acquire-sureprep/ Thomson Reuters has announced that it will acquire SurePrep, LLC, a US maker of 1040 tax automation software and services, for $500 million in cash. Thomson Reuters expects to receive an estimated tax benefit with a net present value at the time of purchase of approximately $60 million as part of the transaction. Founded in […]]]>

Thomson Reuters has announced that it will acquire SurePrep, LLC, a US maker of 1040 tax automation software and services, for $500 million in cash. Thomson Reuters expects to receive an estimated tax benefit with a net present value at the time of purchase of approximately $60 million as part of the transaction.

Founded in 2002, SurePrep aims to help accounting firms increase productivity and profitability while fostering a fully digital tax workflow. SurePrep’s products and solutions are used by more than 23,000 tax professionals at accounting firms, wealth management firms and others.

Closing of the transaction is subject to specified regulatory approvals and customary closing conditions and is expected to occur in the first quarter of 2023.

With a mobile-friendly design, SurePrep leverages artificial intelligence to automate the collection of digital documents directly from clients and the processing of those documents, automatically extracting and populating key data into the company’s tax compliance software. company to help CPAs be more effective. Major SurePrep software and services include 1040SCAN, SPbinder and TaxCaddy.

SurePrep is expected to generate approximately $60 million in revenue in 2022 and grow more than 20% annually for the next few years. Adjusted EBITDA is expected to be neutral in the first year, followed by year-over-year increases thereafter as integration costs decline and revenues increase. Earned deferred revenue should be a modest drag on free cash flow in the first year.

Thomson Reuters and SurePrep have been partners since April 2022, providing complementary solutions that benefit tax and accounting professionals. Thomson Reuters will continue its open ecosystem strategy following the acquisition of SurePrep, with the combined entity providing an enhanced foundation to accelerate investments in automation and customer experiences.

“Thomson Reuters sees significant value and opportunity in SurePrep. The acquisition will support our strategy to equip tax and accounting professionals with the best technology to simplify workflows, generate insights and improve efficiency,” said Elizabeth Beastrom, President of Tax Professionals and accounting at Thomson Reuters.

“This transaction builds on our existing partner/reseller agreement to realize our vision of end-to-end tax automation that solves our customers’ top pain points,” said Dave Wyle, CEO of SurePrep. “In addition, Thomson Reuters has made clear its commitment to maintaining SurePrep’s ability to interact with multiple vendors in an open tax software ecosystem. We couldn’t be more excited about what this combination brings to our team members, our customers, and the future of applied artificial intelligence. »

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Upcoming Accounting and Financial Reporting Update Webinar in 1 week https://kelleypc.com/upcoming-accounting-and-financial-reporting-update-webinar-in-1-week/ Tue, 08 Nov 2022 10:45:00 +0000 https://kelleypc.com/upcoming-accounting-and-financial-reporting-update-webinar-in-1-week/ DUBLIN, November 8, 2022 /PRNewswire/ — The “2022 Financial Accounting and Reporting Update” conference has been added to from ResearchAndMarkets.com offer. We are seeing an unprecedented level of major accounting change from US and international standard setters. This conference will address the latest developments in key areas. Experts from the Big Four and regional businesses […]]]>

DUBLIN, November 8, 2022 /PRNewswire/ — The “2022 Financial Accounting and Reporting Update” conference has been added to from ResearchAndMarkets.com offer.

We are seeing an unprecedented level of major accounting change from US and international standard setters. This conference will address the latest developments in key areas. Experts from the Big Four and regional businesses will moderate the discussion.

Learning objectives:

  • Understand the latest accounting changes in key areas
  • Recognize deadlines and key factors
  • Start assessing the effects of these standards on your business or your customers

This event will run from 8:45 a.m. to 4:40 p.m. (PST) each day.

Who should attend:

  • CFOs (and their staff)
  • Controllers
  • Vice Presidents of Finance
  • Directors and Accounting Managers
  • Senior Accountants
  • Revenue Managers and Analysts
  • Internal auditors
  • Tax accountants
  • Treasury staff
  • Internal Control/SOX Managers
  • Accountants
  • Educators

Agenda:

Agenda: DAY 1

8:45 – 10:15 SEC Update

  • SEC regulations
  • SEC Filing Reminders
  • Impact of COVID
  • Comment Letter Subjects

10:15 a.m. – 10:30 a.m. Break

10:30 a.m. – 11:45 a.m. Update on IPOs and SPACs

  • SEC Accounting and Reporting Requirements
  • What we see in the market today
  • How valuations have been impacted
  • Accounting Considerations

11:45 a.m. – 12:15 p.m. Lunch

12:15 p.m. – 1:30 p.m. SOX update and internal controls

  • Considerations related to COVID 19
  • Sarbanes-Oxley optimization and modernization
  • Robotic Process Automation (RPA)
  • Risk assessment
  • ICRF Focus Areas: Management Review Controls (MRCs)
  • Automated controls (ITAC)
  • Material weaknesses
  • Significant Transactions or Events
  • Information Used in Control (IUC)
  • IT/system implementation
  • System and Organizational Controls (SOC) Reports

1:30 p.m. – 1:40 p.m. Break

1:40 – 2:55 FASB Update

  • Current agenda
  • Recently completed projects

2:55 p.m. – 3:05 p.m. Break

3:05 – 4:50 Update on Revenue Recognition

  • Price concessions
  • Modification of contracts
  • customer options and material rights
  • Performance Obligations – Software Industry Considerations
  • Significant funding component
  • Considerations Between Principal and Agent
  • Contract costs
  • Onerous performance bonds/contracts

Agenda: DAY 2

8:45 a.m. – 10:00 a.m. ESG Update

  • Understand the risks and opportunities
  • A new way of thinking
  • Report Accurately and Disclose Transparently
  • Creating value through ESG principles

10:00 – 10:10 Break

10:10 – 11:20 SEC Enforcement Trends

  • Latest SEC Enforcement Priorities
  • Actions and Enforcement Cases
  • What to look for in 2022

11:20 a.m. – 11:30 a.m. Break

11:30 – 12:40 Accounting for debt

  • Latest fallout from COVID-19
  • Accounting for modification, exchange, conversion or extinguishment of debt
  • Should the debt be classified as current or non-current?
  • Have funding agreements been properly presented and disclosed

12:40 – 12:50 Break

12:50 – 2:20 SEC Comment Letter Update and Legal Issues

  • Market trends
  • Transaction Accounting Considerations
  • Non-GAAP measures, MD&A, review, segment reporting, fair value measurement, ICFR, compliance with forms, goodwill, inventory, debt

2:20 p.m. – 2:30 p.m. Break

3:00 p.m. – 4:30 p.m. Cyber ​​Security Update

  • Protection of personal data
  • Smart consumer devices are growing faster than controls
  • Personal Health and Medical Devices
  • Ransomware

Speakers

  • Meghan DeppBDO, SEC National Office
  • Carly AckermanDeloitte Consulting, Manager
  • Aleks Zabreyko, Connor Group, Partner
  • Jesse FilleupConnor Group, Technical Accounting Manager
  • Kristalyn YancyDeloitte Consulting, Principal
  • Renton SquiresPwC, Director
  • Michael ChenFrazier & Deeter, National Professional Practice Partner
  • Heather BradshawRSM, Head of Accounting Methods Center Region
  • Karim AnaniErnst & Young, Partner and Head of EY Americas Financial Accounting Advisory Transactions
  • Kumail SarwarErnst & Young, Principal
  • Justin SutherlandUnited States Securities and Exchange Commission, Senior Enforcement Accountant
  • Kellyn ShawDeloitte, Manager – National Office Accounting and Reporting Services
  • Brad PorterDeloitte, Manager – National Office Accounting and
  • Tim KvizBDO, Country Office Managing Partner – SEC Services
  • Mouazzam MalikProtiviti, General Manager
  • Divyesh MalkanProtiviti, Senior Manager

For more information about this conference, visit https://www.researchandmarkets.com/r/o0bqg0

Media Contact:

Research and Markets
Laura Woodsenior
[email protected]

For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900

US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets

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Montclair State students complain about shuttle services https://kelleypc.com/montclair-state-students-complain-about-shuttle-services/ Sat, 05 Nov 2022 14:08:49 +0000 https://kelleypc.com/montclair-state-students-complain-about-shuttle-services/ Montclair State University’s shuttle services provided on campus have become a struggle and challenge for students who normally use this form of transportation to get around campus. Buses are supposed to run frequently, every eight to 15 minutes, providing transportation from dormitories to parking lots and school buildings, starting their runs at 6 a.m. and […]]]>

Montclair State University’s shuttle services provided on campus have become a struggle and challenge for students who normally use this form of transportation to get around campus.

Buses are supposed to run frequently, every eight to 15 minutes, providing transportation from dormitories to parking lots and school buildings, starting their runs at 6 a.m. and running until 1 a.m.

However, many students noticed that the shuttles were continually late.

Madelyn Mccrea, a second-year psychology student, says she had to wait a long time to board the shuttle, which influenced her decision to no longer use these services to get around campus.

“[I] had to wait 45 minutes for a shuttle and the driver didn’t stop at every stop,” Mccrea said. “Now I don’t take the shuttle anymore, it’s not worth it.”

Madelyn Mccrea, a second-year psychology student, says she no longer takes the shuttles because they are always late.
Aliza Rhein | The Montclarion

Toby Shedd, a first-year marine biology and coastal science student, had a similar experience and said the shuttles created a lot of confusion.

“The buses run really really late,” Shedd said. “Sometimes they show it’s not in service and they take people, sometimes it shows it’s [in service] and it is not. [This can be confusing] especially when someone has been waiting a while for a bus to show up, just so it won’t stop.

Toby Shedd, a freshman majoring in marine biology and coastal science, shares his experience with late shuttles to campus.  Aliza Rhein |  The Montclairon

Toby Shedd, a freshman majoring in marine biology and coastal science, shares his experience with late shuttles to campus.
Aliza Rhein | The Montclarion

Pavlos Papadogiorgos, a first-year accounting student, also commented on the shuttle delays. Although the late buses didn’t cause him to be late for a class, he says they made it very difficult for him to get home.

“I usually come home very late, [at] five, when otherwise I would be home at half past three,” Papadogiorgos said.

Pavlos Papadogiorgos, a freshman in accounting, says the commuter situation on campus is affecting his commuter experience.  Aliza Rhein |  The Montclarion

Pavlos Papadogiorgos, a freshman in accounting, says the commuter situation on campus is affecting his commuter experience.
Aliza Rhein | The Montclarion

Papadogiorgos also explained that as a commuter he has to transfer buses and late arriving shuttles did not help.

“I need to know if I’m going to miss my second bus,” Papadogiorgos said. “I waited for two of them to come, [but] none showed up and I had to take another one. Another day a different bus arrived 40 minutes later than expected.

For other students on campus like Ian Hagen, a sophomore in visual arts, this was a minor inconvenience.

“I had to wait over 20 minutes,” Hagen said. “I have to plan everything else and leave earlier knowing that the buses might delay me. When they arrive, they are not spaced out. Three appear at once and another [will not] come a while. »

Ian Hagen, a second-year visual arts student, says the shuttle situation caused minor inconvenience.  Aliza Rhein |  The Montclairon

Ian Hagen, a second-year visual arts student, says the shuttle’s location is a minor inconvenience.
Aliza Rhein | The Montclarion

Cheryl Ofoha, assistant supervisor of parking and transportation services, explains why the shuttles are late and hopes that this situation will be resolved soon.

“Buses are running late due to heavy traffic on Clove Road, which is along the route of all buses,” Ofoha said. “We operate the same number of buses that we normally operate.”

According to Ofoha, there are currently no plans to address this issue and it is expected that congestion on Clove Road will ease and buses will return on time once construction projects hit the roads. 46 and three completed the next year.

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Convicted USF medical services accountant claims nearly half of stolen $12.8 million went to ‘webcam’ girlfriend https://kelleypc.com/convicted-usf-medical-services-accountant-claims-nearly-half-of-stolen-12-8-million-went-to-webcam-girlfriend/ Wed, 02 Nov 2022 23:23:05 +0000 https://kelleypc.com/convicted-usf-medical-services-accountant-claims-nearly-half-of-stolen-12-8-million-went-to-webcam-girlfriend/ TAMPA, Fla. (WFLA) – In his request for relief from sentence, Ralph Puglisi admits to illegally billing $12.8 million for various expenses, but also claims that others benefited from the stolen fortune that did not undetected for years. Puglisi served as chief accounting officer for the University of South Florida Medical Services Association for about […]]]>

TAMPA, Fla. (WFLA) – In his request for relief from sentence, Ralph Puglisi admits to illegally billing $12.8 million for various expenses, but also claims that others benefited from the stolen fortune that did not undetected for years.

Puglisi served as chief accounting officer for the University of South Florida Medical Services Association for about a decade, but in 2014 he began using corporate credit cards “to make unauthorized charges,” according to his request less than the maximum sentence of 20 years.

In August 2021, Puglisi pleaded guilty to one count of mail fraud as part of a plea deal with the government.

A USF spokesperson said new controls were now in place to guard against the type of crime committed by Puglisi.

According to the petition, Puglisi “used the cards for furnishings, travel and gifts” because he believed he needed to provide a “luxurious lifestyle” for his ex-wife and her family.

The attorney for Puglisi’s ex-wife, David Knox, denied Puglisi’s claims.

The filing also says his marriage lacked “romance”, prompting him to turn to a “webcam performer” with adult website MyGirlFund for “sexual gratification and companionship”.

The motion claims his virtual girlfriend “manipulated Puglisi” and said “she was in love with him, leading him to believe they were in a real relationship.”

Puglisi was a big spender on the website, ultimately paying the woman around $6 million, according to the motion. The motion says Puglisi admits she sent him back about $200,000.

The motion also states that nearly $11.5 million of the missing money was sent to MyGirlFund and that the total represented “80% of all MGF profits for the period.”

Website Advocate Scott Rost in a civil lawsuit brought by USF to recover part of the lossesdenied Puglisi’s claim.

“Although we don’t generally comment on ongoing litigation,” Rost said in an email. “This allegation by Mr. Puglisi is false and not based on any objective data.”

Despite a request for incarceration and a stint in house arrest, Judge William F. Jung sentenced the former accounting director to 10 years in federal prison and 3 years of supervised release.

Records show Puglisi paid more than $1.2 million in restitution and also divested his stake in a $400,000 property in the Virgin Islands.

Payment of the remaining restitution would take more than a thousand years if only the minimum amount of the court-ordered scale were applied to the total.

The court clerk’s minutes indicate that while in custody, Puglisi will have to pay at least $25 per quarter if he has a job in non-prison industries with UNICOR and half of his monthly earnings if he has a UNICOR job.

When he’s out, Puglisi will have to pay at least $100 a month.

Puglisi’s attorney, Anthony Rickman, did not respond to recent requests for comment. Rickman said Puglisi was cooperating with investigators and the sentencing motion says he “was the only one who accepted responsibility and returned the money.”

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Unite Digital expands its team with 11 new recruits https://kelleypc.com/unite-digital-expands-its-team-with-11-new-recruits/ Thu, 27 Oct 2022 12:00:00 +0000 https://kelleypc.com/unite-digital-expands-its-team-with-11-new-recruits/ BLOOMFIELD HILLS, Mich., October 27, 2022 /PRNewswire/ — Unite Digital, LLC, a digital marketing company that develops products that help brands connect with their channel partners to deliver unparalleled digital experiences, today announced the expansion of its team with 11 new recruits: Robyn Glasser, Vice President, Unite Digital, LLC Robyn Glasservice president of finance Brian […]]]>

BLOOMFIELD HILLS, Mich., October 27, 2022 /PRNewswire/ — Unite Digital, LLC, a digital marketing company that develops products that help brands connect with their channel partners to deliver unparalleled digital experiences, today announced the expansion of its team with 11 new recruits:

  • Robyn Glasservice president of finance
  • Brian Kadrioskiquality assurance and business analyst
  • Paul Mergelprogram manager and business analyst
  • Amy Pennybackermelee master
  • Richelle LaBargemarketing specialist
  • Nermeen Nasimsoftware developer
  • Chris Reichertsoftware developer
  • Daouda Nianeproduct specialist
  • Nathalie Robergesoftware engineer
  • Sheila Bazulkaproduct implementation manager
  • Howard Witzkeproduct specialist team leader

“As Unite Digital continues to grow, we are delighted to add eleven new hires to our team,” said Stacey Coopers, President and CEO of Unite Digital. “Our new team members bring incredible talent and decades of experience to the company, and we’re excited to work with them to continue creating seamless customer experiences.”

Robyn Glasservice president of finance

Robyn Glasser joins Unite Digital with years of accounting and finance experience in a variety of industries including public accounting, IT outsourcing, experiential marketing and financial services. She most recently served as controller for Schechter Wealth, a small financial services company in birmingham.

As Vice President of Finance, Robyn will work closely with the Accounting and Human Resources teams on day-to-day responsibilities and help create and implement scalable processes for our growing business. She holds a bachelor’s degree in accounting from University of Michigan. Outside of work, she enjoys travelling, going to the beach and spending time with her family and friends.

Brian Kadrioskiquality assurance and business analyst

Brian Kadrioski brings over 15 years of quality assurance experience and nearly 10 years of experience as a business analyst to Unite Digital. He recently worked with FordDirect and Search Optics, where he pioneered their QA team, growing them from one to six and creating the company’s QA protocol and standards.

At Unite Digital, Brian will work with the technology team to ensure that their platform architecture, design and development is built and tested to the highest standards for customers. Brian attended Baker College, student in computer science and commerce. He enjoys traveling with his family, especially visiting different beaches in the country and collecting coins.

Paul Mergelprogram manager and business analyst

Paul Mergel joins Unite Digital with over 11 years of experience in project management, scrum master and lead delivery in software development. As a Program Manager and Business Analyst, Paul will work closely with Unite Digital’s software development team to help drive the company’s rapid growth.

Paul previously worked as a delivery manager at Guaranteed Rate Mortgage, where he worked with the software development and enterprise architecture teams to create a unified mortgage data platform. He went to University of Michigan and earned a Bachelor of Science in Human Biology. Paul has a wife and two sons. In his spare time, he enjoys playing guitar, ukulele and banjo.

Amy Pennybackermelee master

Amy Pennybacker joins Unite Digital after five years as a developer and scrum master at United Wholesale Mortgage and nearly 20 years of leadership experience in the insurance industry. In her current role, she works with development teams to introduce Scrum and Agile methodologies.

Amy is a graduate of Grand Circus Coding Bootcamp and holds a Masters in Leadership from Central Michigan University and a bachelor’s degree in sociology from University of Denver. She is a former Peace Corps volunteer who loves to travel, photograph, and learn about different cultures, foods, and languages.

Richelle LaBargemarketing specialist

As a marketer, Richelle LaBarge audit Unite Digital accounts for brand compliance and manage the company’s social media and blog.

Richelle is a recent graduate from Arizona State University, where she earned a Masters in Digital Audience Strategy. She also holds a bachelor’s degree in media communications from the University of Michigan and enjoys hiking, cooking, reading, traveling and watching movies in her free time.

Nermeen Nasimsoftware developer

Nermeen Nasim has worked for more than three years as a software engineer. She previously worked at Greenvale IT Solutions Inc., where she led a team of six stack developers, as well as Nanosoft Technology as a mobile application developer. At Unite Digital, she will work on .NET applications, cloud-based applications and front-end frameworks like Angular or React.

She graduated from from pakistan NED University of Engineering and Technology with a bachelor’s degree in computer science and computer science. She enjoys spending time with her family and friends, as well as baking, sewing, art, biking, and watching comedies.

Chris Reichertsoftware developer

Chris Reichert is one of Unite Digital’s newest software developers and will work with the development team on new features and products. He previously worked at Divurgent as a software engineer developing applications in the SalesForce environment. His most significant achievement was the successful single sign-on integration of PowerBI and SalesForce for their customer portal.

Chris learned to code with CodeFellows after a career change as a construction project manager. Chris graduated from University of Houston with a BA in English Linguistics and is a Veteran and former Army Airman. He enjoys spending time with his family and going on road trips.

Daouda Nianeproduct specialist

Daouda Niane has over 15 years of experience in the automotive industry, most recently at FordDirect as a technology specialist and member of the team that launched the VINReal product. He was also a technical client analyst at CDK Global. At Unite Digital, he will take care of reseller registration.

Daouda is from Senegal and lived in United States since 2001. He has four children and enjoys playing and watching football.

Nathalie Robergesoftware engineer

Nathalie Roberge has over five years of experience as a software engineer, having previously worked at Ford Motor Credit Company, as well as an entrepreneur and test automation manager. She will work as a full stack developer at Unite Digital.

Nathalie attended the University of Michigan and earned a bachelor’s degree in software engineering and is currently completing a master’s degree in artificial intelligence and machine learning by Colorado State University Global. In her spare time, she enjoys spending time with her three children, reading, being outdoors, and training for triathlons and other races.

Sheila Bazulkaproduct implementation manager

Sheila Bazulka is Unite Digital’s newest Product Implementation Manager and will focus on building a team to train on a new product for finance and insurance. She has worked in the automotive industry for 18 years as a software installer/trainer, program manager and most recently as a project manager, with previous roles at CDK Global and Reynolds and Reynolds.

Sheila graduated from Fort Hays State University holds a General Studies degree with a concentration in Business, Psychology and Sociology and is currently pursuing her Professional Certification in Project Management. She enjoys camping, reading and collecting hats.

Howard Witzkeproduct specialist team leader

Howard Witzke brings over 17 years of customer service and dealer support experience to Unite Digital and will lead Unite’s team of product specialists. Previously, he was Digital Support Manager at FordDirect and worked as a Regional Operations Manager supporting Ford, lincolnMercury, Jaguar, Land Rover and Volvo with online marketing strategies.

Howard holds a master’s degree in operations management from Kettering University and a Bachelor of Business Administration from Central Michigan University, with a specialization in accounting. In his free time, he enjoys playing golf.

About Unite Digital:

Founded in January 2016 by an industry veteran Stacey Coopers, Unite Digital develops products that help brands connect with their channel partners to deliver unparalleled digital experiences. Unite Digital’s products include Manufacturer/Dealer Certified Digital Programs, Digital Advertising Solutions, Traffic Generation, Lead Optimization, Digital Retail, Online Retail Integration and offline and loyalty and customer retention programs. Its management team has over 125 years of combined automotive and digital experience in strategic leadership, global business development, brand positioning and marketing, sales and service optimization, and technology. some information. For more information, visit www.unitedigital.com.

Editor’s Note: Downloadable images of our new recruits are available at this Google link.

SOURCE Unite Digital, LLC

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The impact of sanctions and export controls on the Russian Federation https://kelleypc.com/the-impact-of-sanctions-and-export-controls-on-the-russian-federation/ Sun, 23 Oct 2022 20:31:21 +0000 https://kelleypc.com/the-impact-of-sanctions-and-export-controls-on-the-russian-federation/ Since Russia launched its unjustified and unprovoked total war against Ukraine in February 2022, the United States has worked with Allies and partners around the world to impose an unprecedented range of sanctions and export controls on Russia for its brutal aggression. Moreover, we will continue to impose costs on the Kremlin as long as […]]]>

Since Russia launched its unjustified and unprovoked total war against Ukraine in February 2022, the United States has worked with Allies and partners around the world to impose an unprecedented range of sanctions and export controls on Russia for its brutal aggression. Moreover, we will continue to impose costs on the Kremlin as long as its war of aggression continues.

Sanctions and export controls have significant and lasting consequences for Russia’s defense industrial base. Since February 2022, the United States and our partners and allies have coordinated to use export controls and sanctions to restrict Russia’s access to advanced technologies who has degraded the ability of the Russian arms industry to produce and stockpile weapons to replace those destroyed during the war.

Some effects include:

  • Significant supply shortages for Russian forces in Ukraine are forcing Russia to look to less technologically advanced countries, such as Iran and North Korea for supplies and equipment.
  • Russia is struggling to import semiconductors and other key components. Export controls have forced Russia to cannibalize parts of existing airlines that they can no longer access overseas.
  • Russian production of hypersonic ballistic missiles has almost ceased due to the lack of necessary semiconductors used in the manufacturing process.
  • Russia’s military aviation program has been cut off from the resupply provided by the global aviation trade.
  • Russian media reports that production of their next-generation airborne early warning and control military aircraft has stalled due to lack of foreign components, including semiconductors.
  • Mechanical factories, including those producing surface-to-air missiles, were closed due to shortages of foreign-sourced components.
  • Russia reverted to Soviet-era defense stocks because our measures disrupted the ability of Russian companies to replenish domestic supply chains.
  • Exports of certain goods and services, including dollar-denominated banknotes, accounting, management consulting, quantum computing, and trust and business establishment services to persons located in the Russian Federation are now prohibited.

Additionally, since February 2022, the U.S. government has:

  • all denied [U.S.] exports, re-exports and transfers of items subject to the Export Administration Regulations for military end uses or end users in the Russian Federation and Belarus.
  • Targeted Russian and Belarusian military end-users through their addition to the Ministry of Commerce’s Entity List, which effectively cut off these end-users from almost all items subject to export administration regulations.
  • Refusal to export, re-export and transfer within Russia and Belarus of items necessary for oil refining. Also imposed additional licensing requirements to further limit Russia’s petroleum sector by restricting the export, re-export, and transfer of additional items needed to refine petroleum.
  • Targeted items useful for Russia’s chemical and biological weapons production capabilities and other advanced manufacturing by imposing export controls.
  • Luxury goods targeted to impose costs on certain Russian oligarchs who support the Russian government by imposing licensing requirements and denying licenses for the export and re-export of luxury goods to all end users in Russia.
  • Using new foreign direct product rules targeting Russia to prevent exports of foreign-sourced items produced with advanced US technology, tools and software. This prevents these items from being transferred to support Russia’s military capabilities.
  • Formed a coalition of 37 countries that amplified the impact of US actions by enforcing controls substantially similar to those imposed by the United States. This robust global coalition bolsters US efforts to isolate Russia from the products, technologies and software needed for Putin’s war.

Furthermore, the sanctions (administered and enforced by the US Treasury Department) have a significant impact on Russia’s ability to wage its unjust war against Ukraine. Specifically, sanctions implemented by the United States with its allies and partners and allies have tied up approximately $300 billion in Russian Central Bank assets, limiting the central bank’s ability to support the effort to war and mitigating the effects of sanctions. Sanctioned Russian oligarchs and financial institutions have been forced to divest themselves of long-held assets outside Russia. Moreover, the sanctions prompted banks in several countries to sever their ties with the Russian financial sector. Despite benefiting from high energy prices, the IMF still expects Russia’s economy to contract by more than 3% this year. Lost investments, export controls and constraints on Russia’s real economy will dampen Russia’s growth prospects for years to come. Significantly, US sanctions and export controls have cut off Russia’s access to key technologies and industrial inputs that erode its military capability. Since February 2022, the United States has published approximately 1,500 new sanctions lists and 750 amended lists, including:

  • State Corporation Rostec, the cornerstone of Russia’s defense industrial base which includes more than 800 entities within the Russian military-industrial complex, such as Sukhoi, MiG and Kalashnikov Concern.
  • Joint Stock Company Mikron, the largest Russian manufacturer and exporter of microelectronics.
  • Tactical Missiles Corporation JSC, a Russian state-owned company that produces missiles used by the Russian Armed Forces in Ukraine.
  • Individuals and entities outside of Russia who have sought to procure goods and technology for the Russian military-industrial complex and intelligence services
  • Russia’s largest financial institutions and limited relationships with banks accounting for 80% of Russian banking sector assets.
  • Rosoboronexport, which is Russia’s only state-controlled intermediary agency for the export and import of the full range of military, defense and dual-use products, technologies and services.
  • Issued guidance emphasizing sanctions and export control risk for individuals and entities inside and outside Russia who provide material support to Russia’s bogus referendums and the alleged annexation of the Ukrainian regions of Kherson, Zaporizhzhya, Donetsk and Luhansk.

Learn more at the State Department

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Acquisition of Accume Partners by Cherry Bekaert Highlights Trend of Service Expansion by Traditional Accounting Firms https://kelleypc.com/acquisition-of-accume-partners-by-cherry-bekaert-highlights-trend-of-service-expansion-by-traditional-accounting-firms/ Wed, 19 Oct 2022 21:53:00 +0000 https://kelleypc.com/acquisition-of-accume-partners-by-cherry-bekaert-highlights-trend-of-service-expansion-by-traditional-accounting-firms/ We expect increased transactional activity in the professional services and accounting sectors, driven by strong client demand for a broader range of capabilities. —Tom McConnell, Managing Director DENVER, CO, USA, October 19, 2022 /EINPresswire.com/ — Capstone Partners, a leading middle-market investment bank, sees growth-oriented accounting firms aggressively seeking professional services merger and acquisition opportunities with […]]]>
We expect increased transactional activity in the professional services and accounting sectors, driven by strong client demand for a broader range of capabilities.

—Tom McConnell, Managing Director

DENVER, CO, USA, October 19, 2022 /EINPresswire.com/ — Capstone Partners, a leading middle-market investment bank, sees growth-oriented accounting firms aggressively seeking professional services merger and acquisition opportunities with the recent acquisition of Accume Partners (“Accume”) – a leading national provider of cybersecurity, internal audit, compliance and risk management services – by Cherry Bekaert.

Capstone sees private equity increasingly supporting these buyers in their targeted acquisition of companies with specialized expertise, particularly in regulated industries. As regulatory and macroeconomic environments become increasingly complex, accounting firms are increasingly looking for horizontal integration to extend their internal and external risk management services. These professional services providers are benefiting from building a pool of skilled talent, amid an ongoing talent shortage in a tight labor market, as they navigate their clients through an increasingly complex regulatory environment.

Integrating these providers also allows accounting firms to expand their range of services beyond traditional offerings such as audit and tax, deepen client relationships and strengthen their influence as an advisor. trust with senior management. Providing diverse services and leveraging the latest technologies blurs the business models of traditional CPA firms and business consultants to create expanded growth opportunities and high-margin recurring revenue streams.

Capstone Managing Director Tom McConnell advised Accume, a portfolio company of Nadavon Capital Partners, on the transaction and said, “We expect increased transaction activity in the professional services and accounting sectors, driven by strong customer demand for a wider range of capacities. Cybersecurity, risk management and compliance services represent extraordinary growth opportunities as regulatory requirements and the potential for liability exposure increase. Private equity has correctly recognized the opportunity to support these regional and super-regional accounting firms following a proven “buy and build” strategy that has been successfully deployed in other sectors.

Accume Partners is a risk and compliance advisory firm providing integrated solutions to highly regulated industries.

The Company’s services include internal audit, regulatory compliance, risk management, IT audit, quality assurance and enterprise risk management services.

“In response to ever-increasing regulatory requirements, Cherry Bekaert is focused on growing our practice with top talent to meet our clients’ needs,” commented Srikant Sastry, Consulting Manager at Cherry Bekaert. “The Accume Partners team brings a proven track record in internal auditing which will complement a geographic expansion of our practice. We are delighted to welcome them to the firm as we strengthen our risk management and accounting advisory capabilities.

This acquisition also strengthens the depth of Cherry Bekaert’s industry serving banks and financial institutions. “In today’s challenging economic environment, this expands our capabilities to work with our financial services customers to help them manage their operational risk, compliance and controls as they continue to expand in the market. said Brian Murrow, head of risk management consulting and accounting at Cherry Bekaert.

Capstone expects to see continued consolidation in the space as industry leaders continue to leverage mergers and acquisitions to expand service offerings and acquire top talent.

Learn more about the transaction here.

ABOUT CHERRY BEKAERT

Cherry Bekaert, ranked among the largest insurance, tax and advisory firms in the United States, serves clients from all industries in all 50 U.S. states and internationally. “Cherry Bekaert” is the brand name under which Cherry Bekaert LLP and Cherry Bekaert Advisory LLC, independent entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. Cherry Bekaert LLP is a licensed CPA firm that provides attestation services, and Cherry Bekaert Advisory LLC and its subsidiaries provide business advisory and non-attestation services covering the areas of transaction advisory, risk advisory and accounting, digital solutions, cybersecurity, tax, benefits. advice and wealth management. They exercise a deliberate curiosity to learn about their clients’ industries and work collaboratively to create shared success. For more details, visit cbh.com.

ABOUT CAPSTONE PARTNERS

For more than 20 years, the firm has been a trusted advisor to leading middle-market companies, providing a fully integrated range of investment banking and financial advisory services specifically designed to help owners, investors and creditors with every stage of the business life cycle. Capstone’s services include mergers and acquisitions advisory, debt and equity placement, corporate restructuring, special situations, valuation and equity opinions, and financial advisory services. Based in Boston, the company has more than 175 professionals across the United States. With 12 dedicated industry groups, Capstone offers industry expertise through large cross-functional teams. Capstone is a subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN). For more information, visit www.capstonepartners.com.

Tom McConnell
Capstone Partners
+1 303-886-2279
tmcconnell@capstonepartners.com
Visit us on social media:
LinkedIn

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XPO Logistics Appoints Jason Kerr as Chief Accounting Officer of RXO Spin-Off | New https://kelleypc.com/xpo-logistics-appoints-jason-kerr-as-chief-accounting-officer-of-rxo-spin-off-new/ Fri, 14 Oct 2022 11:03:33 +0000 https://kelleypc.com/xpo-logistics-appoints-jason-kerr-as-chief-accounting-officer-of-rxo-spin-off-new/ GREENWICH, Conn., Oct. 14, 2022 (GLOBE NEWSWIRE) — XPO Logistics, Inc. (NYSE: XPO), a leading provider of freight transportation services, today announced that Jason Kerr will become chief accounting officer of RXO, the planned spinoff of XPO’s brokerage transportation platform. Kerr has joined XPO as Accounting Manager for the North American Transportation Division, effective immediately. […]]]>

GREENWICH, Conn., Oct. 14, 2022 (GLOBE NEWSWIRE) — XPO Logistics, Inc. (NYSE: XPO), a leading provider of freight transportation services, today announced that Jason Kerr will become chief accounting officer of RXO, the planned spinoff of XPO’s brokerage transportation platform. Kerr has joined XPO as Accounting Manager for the North American Transportation Division, effective immediately. Here are reports from Jamie Harris, who, as previously announced, will be RXO’s Chief Financial Officer and currently serves as Chief Financial Officer of North American Transportation.

Harris said, “Jason has a history of helping build shareholder value by working with functional leaders. He also brings deep analytical capabilities to our team. We have put in place a strong financial organization to help RXO unlock its full potential as a leading independent brokerage transportation company.

Kerr has over two decades of experience in public company accounting, most recently as Chief Accounting Officer of BWX Technologies, Inc. (BWXT). For 12 years at BWXT and its former business, The Babcock & Wilcox Company, he led the accounting, reporting and compliance functions and was instrumental in the company’s spin-off in 2015. Previously, he was Senior Executive at Deloitte & Touche LLP and Principal Auditor at Arthur Andersen LLP. He holds master’s and bachelor’s degrees in accounting from the College of Charleston in South Carolina, and is a certified public accountant.

Drew Wilkerson, new CEO of RXO and current President of XPO, North American Transportation, said, “RXO will become a stand-alone public company on November 1 with a solid C-suite in place. Our brokerage platform has a long track record of industry leadership under XPO, and now we are positioned to create much more value for our customers, employees and shareholders.

XPO expects to complete the distribution of RXO shares on November 1, 2022, when the new company will trade under the symbol “RXO” on the New York Stock Exchange. Visit www.rxo.com for more information.

About XPO Logistics and RXO

XPO Logistics, Inc. (NYSE: XPO) is a leading provider of freight transportation services, primarily LTL transportation and truck brokerage. XPO uses its proprietary technology to move goods efficiently through supply chains. The company’s global network serves 50,000 shippers with approximately 749 locations and 43,000 employees, and is headquartered in Greenwich, Connecticut, USA. Visit xpo.com for more information, and connect with XPO at Facebook, Twitter, LinkedIn, instagram and Youtube.

About the spin-off

XPO intends to transform its technology-based transportation brokerage platform into an independent, publicly traded company under the ticker symbol RXO. RXO will be the fourth-largest full truckload freight forwarding broker in the United States, with a proprietary digital freight marketplace, access to vast truckload capacity, and complementary brokerage services for managed transportation, the latest kilometer and freight forwarding. Visit rxo.com for more information.

Forward-looking statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to the planned spin-off, the expected timing of the transaction and the expected benefits of the transaction. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements.

These forward-looking statements are based on certain assumptions and analyzes that we have made in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate in the circumstances. . These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these statements. forward-looking statements. Factors that could cause or contribute to a material difference include the risks discussed in our filings with the SEC, which can be viewed on the Investors page of our website.

All forward-looking statements set forth in this press release are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by us will materialize or, even if materially materialized, that they will have the expected consequences on or effects on us or our business or operations. The forward-looking statements set forth in this release speak only as of the date hereof, and we undertake no obligation to update any forward-looking statements to reflect subsequent events or circumstances, changes in expectations or the occurrence unforeseen events, except to the extent required by law.

The spin-off remains subject to various conditions, including the effectiveness of the Form 10 registration statement and the receipt of tax advice from an attorney, among other requirements. There can be no assurance that the planned split will occur or, if it does occur, the terms or timing.

Media Contacts

Karina Frayer

+1-203-484-8303

karina.frayter@xpo.com

Nina Reinhardt

+1-980-408-1594

nina.reinhardt@rxo.com

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