Fiscal period ending 2025-08-31 versus 2024-08-31
— view filing on EDGAR →
Federal DEI executive order exposure is the sharpest new risk, with documented adverse effects already recorded in AFS results and forward operations under threat from GSA contract review. Regulatory and workforce pressures compound the picture: expanded AI/technology compliance obligations span multiple geographies with financial penalty exposure, while a newly disclosed three-pronged talent restructuring and fresh H-1B visa risk signal meaningful operational and immigration headwinds entering FY2026.
2 company-specific
· 1 common-mode
Company-specific changes
Revised
New DEI executive order compliance risk and GSA contract review initiative with documented adverse effects on AFS results and future operations.
Our work with government clients exposes us to additional risks inherent in the government contracting environment. Our clients include national, provincial, state and local governmental entities.…
Revised
Added specific reference to "three-pronged talent strategy" initiated Q4 FY2025 and new H-1B visa risk, escalating restructuring and immigration concerns.
If we are unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, our business, the utilization rate of our…
Also disclosed — common-mode (AI regulatory compliance)
AI regulatory compliance
Revised
New explicit risks added: pricing/commercial model acceptance uncertainty, global regulatory divergence requiring multi-geography compliance, and potential financial penalties for violations.
Risks and uncertainties related to the development and use of AI, including advanced AI, could harm our business, damage our reputation or give rise to legal or regulatory action. We are increasingly…