Restatement of huron consulting group inc

Retrieved December 4, Collaboration We commit to working with respect and transparency and recognize we are better together than apart.

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As such, when the selling shareholders pay a portion of their closing proceeds or earn-outs to Huron employees who were not selling shareholders or redistribute those proceeds among themselves based on employment or performance-based criteria, under GAAP, these payments are viewed as resulting from service that is assumed to have benefited the Company.

Sawall - Sawall, who previously announced her departure, will stay, as planned, as an advisor to the executive team until March 31, As I look to the future, I am excited about working closely with Jim, Diane and Patty as we execute our strategic plan," said Roth.

Therefore, these payments are deemed to be non-cash compensation expense for the Company, and the selling shareholders are deemed to have made a capital contribution to the Company.

Huron Consulting Group

By using this site you agree to our use of cookies. There is no tax impact to these adjustments. An example of the restated entry is as follows: The Employee Payments were not "kickbacks" to Huron management.

Impact We are passionate about making a difference and take initiative to have a lasting impact on the organizations and communities we serve. This inquiry resulted in the discovery that the selling shareholders of the Acquired Businesses: We use cookies on our website to provide you with a more personalized digital experience, enable website functionality and understand the performance of our site.

Huron provides services to a wide variety of both financially sound and distressed organizations, including leading academic institutions, healthcare organizations, Fortune companies, medium-sized businesses, and the law firms that represent these various organizations.

X About Us Huron is a global consultancy that helps our clients drive growth, enhance performance and sustain leadership in the markets they serve. Our Mission To enable organizations to improve fundamental performance, reinvent their business, generate new growth platforms, and lead their people through transformational change.

He was a partner and midwest director of global client services at Arthur Andersen LLP from through Learn more at www. Huron Consulting Group Inc. She will continue to serve as corporate secretary. Roth - Roth, who currently serves as the chief executive officer, has been asked by the Board of Directors to also assume the role of president effective March 31, Risk Factors" in our forthcoming Annual Report on Form K for the full year ended December 31, that may cause actual results, levels of activity, performance or achievements to be materially different from any anticipated results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

We partner with them to develop strategies and implement solutions that enable the transformative change our clients need to own their future. As a result, both the Shareholder Payments and the Employee Payments are required to be reflected as non-cash compensation expense of the Company with a corresponding increase to additional paid-in capital.

The Company did not expend additional cash with respect to the compensation charge. Huron Consulting Group Inc.

Restatement of Huron Consulting Group, Inc

As the selling shareholders meet the criteria of economic interest holders in Huron, the Shareholder Payments and the Employee Payments are imputed to the Company even when the amounts that are reallocated do not differ significantly from ownership percentages at the date of the acquisition by Huron.

He began his career as an auditor with Arthur Andersen. Excellence We strive to excel and continually exceed the expectations of our clients and our people, holding each other accountable for our actions and outcomes.

Payments made upon the closing of the acquisition are recorded as goodwill on the date of closing. About Huron Consulting Group Huron Consulting Group helps clients in diverse industries improve performance, comply with complex regulations, resolve disputes, recover from distress, leverage technology, and stimulate growth.

Huron Consulting Group, Inc. Intellectual Curiosity As lifelong learners, we explore and encourage new ideas, and challenge the status quo. In that new role, she will report to the Chairman of the Board.Huron Consulting Group Inc.

(NASDAQ: HURN) announced on July 31, that the Company will restate its financial statements for the fiscal yearsand and the first quarter of to correct the Company’s accounting for certain acquisition-related payments received by the sellers in connection with the sale of certain acquired.

The Securities and Exchange Commission (“Commission”) deems it appropriate that cease - and-desist proceedings be, and hereby are, instituted pursuant to Section 21C of the Securities Exchange Act of (“Exchange Act”), against Huron Consulting Group Inc., Gary L.

Burge. Jul 04,  · The Huron Consulting Group, founded inis a global management consulting company offering services in the Healthcare, Education, Life Sciences, and Finance industries.

In financial year ending December 31,Huron generated $ million in annual revenue. History. Huron was founded in May in Chicago, Illinois.

Huron Consulting Group Inc.

(NASDAQ: HURN), a leading provider of business consulting services, today announced executive appointments aimed at supporting the Company's long-term growth plan.

"Having emerged from the global economic downturn and other business challenges, Huron is well-positioned to build upon its strengths in the healthcare.

Investor Relations

Huron Consulting Group Inc. (NASDAQ: HURN) announced on July 31, that the Company will restate its financial statements for the fiscal yearsand and the first quarter of Huron Consulting Group Inc. is a public company traded on the NASDAQ Global Select Market under the symbol “HURN.” Huron Consulting Group is committed to its clients, its people and its stockholders.

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