Ernst & Young Related Content

Private Companies Tackle Lease Accounting Challenges as Public Firms Still Struggle

According to LeaseAccelerator’s 2022 Global Lease Accounting Survey, which it conducted with Ernst & Young, many U.S. private companies are actively applying key lessons from U.S. public companies to optimize their current leasing processes. read more

Nordic Aviation Capital Files Chapter 11, Receives $170MM in DIP Financing

Nordic Aviation Capital entered into a restructuring support agreement with its equity holders and lenders and filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. As part of the restructuring, the company obtained $170 million in debtor-in-possession financing. read more

Nordic Aviation Capital Appoints Former GECAS Executive Incoming President

Nordic Aviation Capital appointed Norman C.T. Liu its new president. Liu was previously president of GE Capital Aviation Services between 2009 and 2016. The company also made progress in its restructuring, reaching an agreement for $500 million in additional capital. read more

EY Names Azih of LeaseQuery Entrepreneur of the Year 2020 Southeast Award Finalist

Ernst & Young named George Azih, CEO and founder of LeaseQuery, as an Entrepreneur of the Year 2020 Southeast Award finalist. read more

EY and LeaseAccelerator Form Lease Accounting and Contract Management Alliance

LeaseAccelerator and Ernst & Young formed an alliance to provide increased transparency over critical lease terms and help reduce cost, risk and time to simplify the compliance experience. read more

Ernst & Young Develops PPP Loan Forgiveness Platform with Microsoft Cloud

Ernst & Young has developed a Paycheck Protection Program loan forgiveness platform with Microsoft technology. read more

Bober: Resources Available for COVID-19 Impact on Financial Reporting

John Bober, chair of the Equipment Leasing and Finance Association’s Financial Accounting Committee, provided a list of resources available regarding COVID-19’s impact on financial reporting. read more

Reliant CEO Named Finalist for EY Entrepreneur of the Year Award

The CEO of Reliant Funding, Adam Stettner, has been named a finalist for EY’s 2019 Entrepreneur of the Year Award in the national financial services category. read more

EY FASB Update: Additional Transition Option Added

According to EY Accounting Link, the FASB amended the new standard to provide another option for transition and oil and gas entities must be cautious when applying the definition of a lease. read more

Ernst & Young Report: M&A Returns to Normal Levels

Ernst & Young’s Capital Confidence Barometer indicated U.S. executives are confident in U.S. economic indicators, with 63% expecting improved corporate earnings and 58% indicating a positive stock market outlook. read more

Despite Heightened Risk, Cybersecurity Not a Factor in Financial Strategic Plans

According to an Ernst & Young study, only 22% of organizations are taking information security consequences into account when considering strategic plans. read more

Banks Seek Blueprints for Risk Accountability Seven Years after Recession

According to a survey from EY, despite material strengthening of banks’ risk management, the industry is still searching for the appropriate blueprints to establish effective risk accountability. read more

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