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PICPA report discusses the impact of technology on audit
Yahoo Finance· 2025-09-24 10:19
Core Insights - The report by the Pennsylvania Institute of Certified Public Accountants (PICPA) emphasizes the transformative impact of technology on audit services, highlighting the need for firms to enhance transparency and trust through technological advancements [1][5]. Group 1: Survey Findings - A survey involving 115 auditors indicates that 90% believe technology has improved audit quality in the last five years, with 56% expecting significant future impacts [2][3]. - The report reveals a growing importance of verifying non-financial metrics, with 54% of auditors recognizing the significance of AI and ESG verification [3]. Group 2: Cybersecurity and Workforce Challenges - The report addresses increased cybersecurity risks associated with cloud and AI integration, recommending "regulatory sandboxes" for safe technology adoption, especially for small and midsize firms [4]. - Workforce challenges are highlighted, with retention being a greater concern than recruitment, suggesting the need for flexible work environments and upskilling opportunities to attract tech-savvy auditors [4]. Group 3: Recommendations for Firms - Firms are encouraged to invest in scalable technology, enhance skills through targeted training, and engage in regulatory discussions to adapt to the evolving audit landscape [5]. - The report advocates for a shift from periodic audits to ongoing, real-time assurance, emphasizing the necessity of aligning auditors, clients, and regulators on future audit processes [5][6].
CENTERSPACE COMPLETES SALE OF FIVE ST. CLOUD COMMUNITIES FOR $124.0 MILLION
Prnewswire· 2025-09-23 20:30
Core Viewpoint - Centerspace has completed the sale of five communities in St. Cloud, MN, for $124.0 million, marking its exit from that market while continuing with planned dispositions in Minneapolis [1][2]. Group 1: Transaction Details - The sale involved 832 homes and is part of a broader portfolio repositioning strategy initiated in June 2025 [2]. - Proceeds from the sale will be utilized to reduce leverage and for general corporate purposes [2]. Group 2: Management Commentary - CEO Anne Olson highlighted that the transaction enhances the quality and diversification of Centerspace's portfolio, alongside recent acquisitions in Salt Lake City and Fort Collins [2]. - Future capital allocation will be carefully considered, with options including accelerated deleveraging, value-add investments, share buybacks, and dividends to shareholders [2]. Group 3: Company Overview - Centerspace operates 68 apartment communities with a total of 12,941 homes across several states, including Colorado, Minnesota, and Utah [2]. - The company has been recognized as a top workplace for six consecutive years by the Minneapolis Star Tribune [2].
Arcturus Therapeutics Shows Progress Amid Transition: Why I Assign A Hold Rating
Seeking Alpha· 2025-09-23 08:15
Group 1 - Arcturus Therapeutics Holdings Inc. (NASDAQ: ARCT) stock has experienced a rise of slightly above 20% this month, resulting in double-digit gains [1] - The company previously thrived during the COVID boom due to large upfront payments and government contracts, which drove peak revenues and visibility [1] Group 2 - The current performance of Arcturus Therapeutics indicates a potential recovery or growth phase following the pandemic-related surge [1]
Diana Shipping Inc. Announces Release of Its 2024 Environmental, Social and Governance Report
Globenewswire· 2025-09-22 13:20
Core Insights - Diana Shipping Inc. released its Environmental, Social and Governance (ESG) Report for the year ended December 31, 2024, detailing the company's policies and practices related to ESG commitments [1] - The company emphasizes its dedication to creating a sustainable and equitable maritime future, viewing its workforce as a key asset and competitive advantage [2] Company Overview - Diana Shipping Inc. is a global provider of shipping transportation services, focusing on the ownership and bareboat charter-in of dry bulk vessels [2] - The company's vessels primarily operate on short to medium-term time charters, transporting various dry bulk commodities such as iron ore, coal, and grain across global shipping routes [2]
Butterfly Pipeline Promise Amid Execution Risks: Why I Would Hold For Now (NYSE:BFLY)
Seeking Alpha· 2025-09-17 13:45
Company Announcement - Butterfly Network, Inc. has appointed Victor Ku as Senior Vice President and Chief Technology Officer (CTO) [1] - This appointment is seen as part of the company's efforts to improve its financial situation [1] Analyst Background - Gamu Dave Innocent Pasi is a financial professional with extensive experience in financial analysis and investment research [1] - He has a strong background in analyzing financial statements, capital markets, and macro-economics [1] - Pasi is recognized for providing actionable trading ideas and well-researched investment recommendations [1] - His insights have been featured in reputable publications, indicating a strong presence in the investment community [1] Investment Focus - Pasi is currently focused on building a new international investment portfolio [1] - He emphasizes the importance of innovative solutions that promote financial inclusion and sustainability [1] - Pasi advocates for Responsible Investment and actively incorporates Environmental, Social, and Governance (ESG) principles in investment decision-making [1]
CareCloud's Medsphere Acquisition: Why I Think It's A Buy
Seeking Alpha· 2025-09-16 08:56
Core Insights - Gamu Dave Innocent Pasi is a seasoned financial professional with extensive experience in financial analysis and investment research [1] - He has a strong background in analyzing financial statements, capital markets, and macro-economics, providing actionable trading ideas and investment recommendations [1] - Gamu is recognized for his quantitative and qualitative analytical skills, simplifying complex financial concepts for broader audiences [1] - He is passionate about financial inclusion, sustainability, and generating measurable social impact through Responsible Investment and ESG principles [1] - Currently, Gamu is focused on building a new international investment portfolio and sharing insights with the global investing community [1]
Exagen's Momentum Meets Execution Risks: Why I Choose To HOLD For Now (NASDAQ:XGN)
Seeking Alpha· 2025-09-13 12:29
Core Insights - Exagen Inc. (NASDAQ: XGN) stock is performing well, currently trading at its 52-week highs, levels last seen in January 2022 [1] - The stock experienced a challenging period from October 2022 before its recent recovery [1] Company Performance - XGN stock has reached its highest trading levels in over a year, indicating strong market performance [1] - The stock's recovery follows a slow patch, suggesting potential for future growth [1] Analyst Background - Gamu Dave Innocent Pasi is a financial professional with extensive experience in investment research and analysis [1] - He has a strong track record in providing actionable trading ideas and investment recommendations, with contributions to reputable financial publications [1] - Pasi holds advanced qualifications in investments and portfolio management, emphasizing his expertise in the field [1]
MKS Inc. Releases 2025 Environmental, Social, Governance Report
Globenewswire· 2025-09-11 13:00
Core Insights - MKS Inc. has released its 2025 Environmental, Social, Governance (ESG) Report, emphasizing its commitment to sustainability and responsible business practices [1][2] - The report outlines significant progress towards key ESG objectives, including renewable energy usage and emissions reduction [2][6] Environmental Initiatives - MKS has doubled the share of renewable electricity at three sites in Massachusetts and installed an 8,000 square-meter solar photovoltaic system in Guangzhou, China, expected to supply up to 75% of the site's annual energy needs [6] - The company achieved a reduction of 365 metric tons of CO₂e in 2024 compared to 2023, supporting its goal to reduce combined Scope 1 and 2 emissions by 42% by 2030, using 2022 as the baseline [6] - MKS completed its first consolidated Scope 3 emissions inventory, covering key categories such as Purchased Goods and Services and Use of Sold Products [6] Social Responsibility - The company conducted nearly 6,000 safety walks in 2024, resulting in a 37% reduction in recordable injury cases compared to 2023, highlighting its focus on workplace safety [6] - MKS achieved an 88% participation rate in its fourth annual global employee engagement survey, indicating strong employee trust and willingness to share feedback [6] Governance and Recognition - MKS received a "Low" ESG Risk Rating from Sustainalytics and was recognized in Newsweek and Statista's list of America's Most Responsible Companies [6] - The company has been honored for three consecutive years as one of the Best Companies to Work For by U.S. News & World Report, reflecting its commitment to employee satisfaction and corporate responsibility [6]
Sogeclair: results for H1 2025
Globenewswire· 2025-09-10 15:35
Core Insights - SOGECLAIR reported a turnover of €80.6 million for the first half of 2025, reflecting a 1.9% increase compared to the same period in 2024 [1][3] - The company's EBITDA rose significantly by 24.2% to €5.1 million, indicating improved operational efficiency [1][3] - The net result showed a loss of €0.8 million, an improvement from a loss of €1.0 million in H1 2024 [3] Financial Performance - Turnover for H1 2025 was €80.6 million, up from €79.1 million in H1 2024, representing a €1.5 million increase [3] - EBITDA increased to €5.1 million from €4.1 million, with the EBITDA margin improving to 6.3% from 5.2% [3] - Operating income turned positive at €1.5 million compared to a loss of €0.4 million in H1 2024 [3] - The geographical breakdown shows Europe/Africa contributing €59.3 million (74% of turnover), America €18.8 million (23%), and Asia Pacific €2.4 million (3%) [5][6] Business Unit Analysis - The Engineering Business Unit (BU) generated €41.5 million in turnover with an EBITDA of €4.4 million, driven by Business Aviation and Defense activities [7] - The Solutions BU faced challenges, particularly in North America due to geopolitical uncertainties and lower production rates in Europe [9] - The Railway Simulation activity showed positive dynamics, with expectations for improved performance in the coming months [11] Strategic Initiatives - The company is focusing on digital transformation and cost optimization to enhance profitability [6][12] - A diversification strategy is being implemented, including the recruitment of a Diversification Sales Director [8] - Continued investment in India aims to build team skills and support growth in the Asia-Pacific region [6] Financial Structure - SOGECLAIR's gearing ratio stands at 21.37% with a total net debt of €12.6 million, indicating a strengthened financial structure [12] - The company expects to maintain growth momentum in H2 2025, supported by diversification efforts and improvement plans [12][13] Corporate Social Responsibility - SOGECLAIR is committed to a Corporate Social Responsibility (CSR) approach, focusing on Environmental, Social, and Governance (ESG) initiatives [14]
X @Bloomberg
Bloomberg· 2025-09-04 20:15
After more than three years of Republican-led attacks against environmental, social and governance principles, the investing strategy remains relevant, according to RBC BlueBay Asset Management https://t.co/8Z9y3WNgPn ...