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Focus Universal Inc. Announces Appointment of Professor Shivaram Rajgopal to Advisory Board

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Focus Universal (NASDAQ:FCUV) has appointed Professor Shivaram Rajgopal to its Advisory Board. Prof. Rajgopal, currently serving as the Roy Bernard Kester and T.W. Byrnes Professor at Columbia Business School, brings extensive expertise in accounting, financial reporting, and auditing. The appointment aims to strengthen the company's AI-driven SEC Financial Reporting Automation Software development. The company operates in the financial reporting software market, valued at $13.9 Billion in 2022 and projected to reach $36.6 Billion by 2030, growing at a 12.8% CAGR from 2024 to 2030.

Focus Universal (NASDAQ:FCUV) ha nominato il Professore Shivaram Rajgopal nel suo Consiglio Consultivo. Il Prof. Rajgopal, attualmente Professore di Roy Bernard Kester e T.W. Byrnes alla Columbia Business School, porta con sé una vasta esperienza in contabilità, rendicontazione finanziaria e audit. La nomina ha l'obiettivo di rafforzare lo sviluppo del Software di Automazione della Rendicontazione Finanziaria della SEC guidato dall'AI dell'azienda. L'azienda opera nel mercato del software per la rendicontazione finanziaria, valutato 13,9 miliardi di dollari nel 2022 e previsto per raggiungere 36,6 miliardi di dollari entro il 2030, con una crescita del 12,8% CAGR dal 2024 al 2030.

Focus Universal (NASDAQ:FCUV) ha designado al Profesor Shivaram Rajgopal para su Consejo Asesor. El Prof. Rajgopal, que actualmente ocupa el cargo de Profesor Roy Bernard Kester y T.W. Byrnes en la Escuela de Negocios de Columbia, aporta una amplia experiencia en contabilidad, informes financieros y auditoría. El nombramiento busca fortalecer el desarrollo del Software de Automatización de Informes Financieros de la SEC impulsado por IA de la compañía. La empresa opera en el mercado de software de informes financieros, valorado en 13.9 mil millones de dólares en 2022 y se proyecta que alcanzará 36.6 mil millones de dólares para 2030, creciendo a un CAGR del 12.8% de 2024 a 2030.

Focus Universal (NASDAQ:FCUV)는 Shivaram Rajgopal 교수님을 자문위원회에 임명했습니다. Rajgopal 교수님은 현재 콜롬비아 비즈니스 스쿨에서 Roy Bernard Kester 및 T.W. Byrnes 교수로 재직 중이며, 회계, 재무 보고 및 감사 분야에서 폭넓은 전문성을 가지고 있습니다. 이번 임명의 목표는 AI 기반의 SEC 재무 보고 자동화 소프트웨어 개발을 강화하는 것입니다. 이 회사는 2022년에 139억 달러로 평가되는 재무 보고 소프트웨어 시장에서 운영되고 있으며, 2030년까지 366억 달러에 이를 것으로 예상되며, 2024년부터 2030년까지 연평균 성장률 12.8%로 성장할 것입니다.

Focus Universal (NASDAQ:FCUV) a nommé le Professeur Shivaram Rajgopal à son Conseil Consultatif. Le Prof. Rajgopal, actuellement professeur Roy Bernard Kester et T.W. Byrnes à la Columbia Business School, apporte une vaste expertise en comptabilité, en reporting financier et en audit. Cette nomination vise à renforcer le développement du logiciel d'automatisation du reporting financier de la SEC piloté par l'IA de l'entreprise. L'entreprise opère sur le marché des logiciels de reporting financier, évalué à 13,9 milliards de dollars en 2022 et prévu pour atteindre 36,6 milliards de dollars d'ici 2030, avec une croissance de 12,8% CAGR entre 2024 et 2030.

Focus Universal (NASDAQ:FCUV) hat Professor Shivaram Rajgopal in seinen Beirat berufen. Professor Rajgopal, der derzeit als Roy Bernard Kester und T.W. Byrnes Professor an der Columbia Business School tätig ist, bringt umfassende Expertise in den Bereichen Rechnungslegung, Finanzberichterstattung und Prüfung mit. Die Ernennung zielt darauf ab, die Entwicklung der KI-gesteuerten SEC Finanzberichterstattungs-Automatisierungssoftware des Unternehmens zu stärken. Das Unternehmen ist im Markt für Finanzberichterstattungssoftware tätig, der 2022 mit 13,9 Milliarden US-Dollar bewertet wurde und bis 2030 voraussichtlich 36,6 Milliarden US-Dollar erreichen wird, mit einem CAGR von 12,8% von 2024 bis 2030.

Positive
  • Appointment of a highly credentialed expert in accounting and financial reporting to Advisory Board
  • Company operates in a rapidly growing market projected to reach $36.6B by 2030
  • Strong market growth indicators with 12.8% CAGR from 2024-2030
Negative
  • None.

ONTARIO, CA AND LOS ANGELES, CA / ACCESSWIRE / December 2, 2024 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT), 5G and SEC Financial Reporting AI-Driven Automation Software, today announced that Professor Shivaram Rajgopal has been appointed as a member of the Company's Advisory Board.

Professor Shivaram Rajgopal is the Roy Bernard Kester and T.W. Byrnes Professor of Accounting and Auditing at Columbia Business School and serves as the Area Chair for the Accounting Group. Previously, he was a faculty member at Duke University, Emory University, and the University of Washington. Prof. Rajgopal's research spans critical areas such as financial reporting, earnings quality, fraud, executive compensation, and corporate culture, and his work is frequently cited in prominent outlets, including The Wall Street Journal, The New York Times, Bloomberg, Fortune, Forbes, Financial Times, Business Week, and The Economist.

In addition to his research, Professor Rajgopal teaches courses on fundamental analysis of financial statements for investors, managers, and entrepreneurs, as well as a PhD seminar on accounting regulation. He has received numerous prestigious awards, including the American Accounting Association (AAA) Notable Contribution to the Literature Award (2006, 2016, 2018), the Graham and Dodd Scroll Prize from the Financial Analysts Journal (2006, 2016), and the Glen McLaughlin Award for Research in Accounting Ethics (2008, 2012, 2015). Prof. Rajgopal also holds editorial roles, serving as the Departmental Editor for the Accounting track of Management Science and has served as an Associate Editor at the Journal of Accounting and Economics, while previously contributing as an editor for Contemporary Accounting Research and as a board member of The Accounting Review.

Chief Executive Desheng Wang commented, "We are thrilled to welcome Professor Shivaram Rajgopal to our Advisory Board. We are excited to leverage Prof. Rajgopal's extensive expertise and proven track record in accounting and auditing as we continue to advance our AI-driven SEC Financial Reporting Automation Software." Desheng Wang continued, "His strategic insights and guidance will be instrumental in increasing business value for our customers, expanding the global reach of our solutions, and exploring new applications for our unmanned word processing technology beyond SEC financial reporting. Superior financial reporting software has become an urgent necessity in order to lower accounting costs and boost efficiencies."

The financial reporting software market size was valued at USD $13.9 Billion in 2022 and is projected to reach USD $36.6 Billion by 2030, growing at a CAGR of 12.8% from 2024 to 2030. The complexity and volume of financial data, the limiting capabilities of current spreadsheet solutions, the rising cost of compliance, and the expanding demand for such software are the main reasons propelling the growth of the financial reporting software sector.

About Focus Universal:
Focus Universal Inc. is a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G. The company has developed five disruptive patented technology platforms with 26 patents and patents pending in various phases and eight trademarks pending in various phases to solve the major problems facing hardware and software design and production within the industry today. These technologies combined to have the potential to reduce costs, product development timelines and energy usage while increasing range, speed, efficiency, and security. Focus currently trades on the Nasdaq Markets.

Forward-Looking Statements:
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and Focus Universal specifically disclaims any obligation to update any forward-looking statement, whether because of new information, future events or otherwise.

For company inquiries, please contact:
Investor Relations
626-272-3883
ir@focusuniversal.com

SOURCE: Focus Universal Inc.



View the original press release on accesswire.com

FAQ

Who did Focus Universal (FCUV) appoint to their Advisory Board in December 2024?

Focus Universal appointed Professor Shivaram Rajgopal, the Roy Bernard Kester and T.W. Byrnes Professor of Accounting and Auditing at Columbia Business School, to their Advisory Board.

What is the projected market size for financial reporting software by 2030 according to Focus Universal (FCUV)?

According to the press release, the financial reporting software market is projected to reach USD $36.6 Billion by 2030, growing at a CAGR of 12.8% from 2024 to 2030.

What is the current market value of the financial reporting software industry where Focus Universal (FCUV) operates?

The financial reporting software market was valued at USD $13.9 Billion in 2022.

Focus Universal Inc.

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