According to Business Insider, when in 2018, CVS Health acquired Aetna, combining a chain of nearly 10,000 pharmacies dispensing prescriptions and selling snacks and soda with one of the biggest US health insurers, the company also took greater steps to promote healthier options.
What was CVS’s stand regarding the sale of cigarettes?
Where does CVS Health Chief Marketing Officer, Norman de Greve, think that CVS growth will come from?
As CVS starts to focus its physical presence more on health, how important do you believe its focus on healthy choices will be for the company’s stock price?
According to Business Insider, the Securities and Exchange Commission is stepping up scrutiny of mutual fund investments in private companies, according to people with knowledge of the agency’s interest.
What has been the problem with mutual funds investing in companies like Airbnb or WeWork?
Which case is notorious for spiking the SEC’s interest in the issue of illiquid securities?
The SEC enacted rules earlier this year regarding mutual funds. Briefly summarize the issues that these focused on.
According to the Washington Post, nearly half of all Americans were affected by the 2017 Equifax data breach, where hackers stole personal data for more than 147 million people: credit card numbers, Social Security numbers and other identifying information. Now, as part of a settlement agreement with the Federal Trade Commission, the people whose data was stolen can get some compensation: 10 years of free credit monitoring, or maybe $125, depending on how badly you were affected.
According to the article, why is there a good chance that you won’t actually get the full $125 that Equifax and the FTC are talking about?
If you have spent or lost money as a result of the hack (legal or accounting fees, or the money you lost because someone stole your identity and charged a large amount of money on accounts in your name, what can you do?
What is the onlyoption in which you keep your right to sue Equifax in the future and what is the deadline?
How should Equifax record the settlement in their accounting records?
According to Accounting Today, the Financial Accounting Standards Board’s (FASB’s) recent accounting standard update adjusts production costs of films and episodic content produced for TV and online streaming services such as Netflix and Hulu.
How has the accounting for costs adjusted with the way we now consume media?
What does the accounting standard eliminate?
Explain the convergence model used in the accounting standard related to films and episodic content produced.
What does the standard do to disclosure requirements?
How do you anticipate the monetization of TV and movie content will affect you?
Cohn, M. (2019). FASB standard on film and TV episode costs may have an impact on what you watch next year. Accounting Today, July 5 (Retrievable online at
Deloitte LLP was fined 4.3 million pounds for audit failures of a unit of Serco Group Plc. Additionally, audit engagement partner, Helen George, was fined 97,500 pounds for failure to act in accordance with the fundamental principle of professional competence and due care.
After admission of misconduct by both Deloitte and Helen George, what happened?
Serco Group Plc agreed to pay 19.2 million pounds to settle a six-year fraud probe into false accounting related to what intentional mistatement?
Deloitte’s fine comes just weeks after PricewaterhouseCoopers fine for what?