News & Insights

Riveron brings a unique perspective on transactions, business transformation and accounting advisory developed through guiding our clients in times of high growth and distress, integrations and separations.

Leadership in Minneapolis

Riveron has significantly enhanced its team based in Minneapolis. This rapid growth includes the onboarding of several new members to the leadership team, including Scott Riser, David Ufheil, and Steve Manko.

The Solution to Transforming the Supply Chain: Back to Basics

Demanding customers, emerging technologies, global supply bases and ever-changing market landscapes require companies to continuously adjust their supply chains to stay competitive. Most supply chain executives find themselves trapped in a vicious cycle where every new or newer technology presents the panacea that the previous version could not address. To break the cycle, rather than reaching for the latest technologies, some managers have gone back to basics and have emerged with lasting return and a competitive advantage.

How AI Fits in the Healthcare Puzzle – Four Things to Know

U.S. healthcare operators, regardless of size or specialty, face increasing pressure to reduce costs while maximizing revenue and cash flow in an already complicated system. Outdated controls, disparate IT systems and complex processes for patient interaction, coding, billing and reimbursement make it difficult to identify and implement change. The increased scrutiny on patient outcomes, safety and satisfaction, along with increasing labor, medical supply and drug costs only make the task of running a successful healthcare business more challenging.

 

Key 2018 AICPA Conference Takeaways

The conference focused on changes such as new standards and emerging technology, with speakers also commenting on practical responses to these developments and preparing for what’s next. Riveron attended this year’s conference and our experts have highlighted the most relevant and useful topics that could impact your business.

Leases Are Here – Are You Prepared?

The SEC has made it clear – a deferral of the effective date of ASC 842, Leases, is not happening. With that reality in mind and the effective date for calendar year-end public companies upon us, are you ready? Based on our extensive experience implementing the new lease guidance for companies of all sizes, these key readiness topics should be top of mind.

Riveron Launches New Turnaround Practice: Debtwire Exclusive

Riveron is opening its new recovery and transformation services practice, according to a statement provided to Debtwire.

Non-GAAP Financial Measures: Clarification on What Constitutes Individually Tailored Accounting Principles

Comments from the SEC on non-GAAP financial measures continue to lead the way in 2018. At the recent 2018 AICPA Conference on Current SEC and PCAOB Developments the SEC staff (the “staff”) emphasized that investors and creditors expect publicly reported information to be accurate, complete and in compliance with all applicable rules and regulations. Specifically, the staff highlighted two areas of focus: adherence to Compliance and Disclosure Interpretations (“C&DIs”) as well as the importance of controls and processes when disclosing non-GAAP financial measures.

SEC Comment Letter Process Insights

The SEC is required to review the filings of public companies at least once every three years, with many companies selected for review more frequently. Comments from those reviews are largely based on a registrant’s disclosures and other publicly available information, including press releases, analyst calls and information on the registrant’s website. However, non-public information such as whistleblower tips and PCAOB inspection reports can also be considered.

Three Audit Readiness Hot Topics to Address Now

As the end of the financial reporting year approaches, external auditors are finalizing their risk-assessments and determining which financial statement accounts and processes will garner the most attention. In turn, companies are preparing to respond to numerous requests to facilitate the timely completion of a successful audit. “When CFOs and Controllers are asked about expectations for a successful audit, the most frequent response is ‘limit surprises’,” says one assurance senior manager at a Big Four audit firm. Frequently, the best path to achieving an efficient audit is to proactively evaluate and address potential audit issues before they become issues at all. In this article, Riveron explores some of the most significant emerging audit issues that represent time-saving opportunities if addressed prior to the year-end reporting period.

Regaining Focus: Riveron’s Guide to Effectively Direct Diligence Efforts in Today’s Deal Landscape

In today’s deal landscape, risk mitigation is critical to closing transactions. During due diligence, workstreams are compartmentalized and assigned to specialists in legal, financial and other subject matters. However, one focus often remains unexamined: the myriad of operationally-driven risk factors that could undermine the deal thesis.