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The process can be made faster and easier by performing pre-close activities throughout the year in the run-up to the annual close. Continue Reading
On Friday, FASB issued two new Accounting Standards Updates (ASU) that delay many of the effective dates for new standards on leases, hedging, current expected credit losses (CECL), and long-duration insurance contracts. Continue Reading
New threats such as spear phishing, ransomware, data breaches, and identity theft represent key threats to organizations which should be part of your internal control structure. Continue Reading
This week's topic: How often should we evaluate an employee's performance? Continue Reading
Developing and demonstrating strategic thinking skills are very different challenges. Continue Reading
To increase profit, most CFOs focus on cutting cost. Learning how to avoid pricing mistakes could be a far more effective path to improving the bottom line. Continue Reading
Quite naturally, many organizations over-rate the quality of their enterprise and corporate performance management (EPM/CPM) practices and systems. In reality they lack comprehensiveness and integration. Continue Reading
With experts predicting that the next recession will begin in 2020 or 2021, CPA firms would be wise to prepare for an economic downturn. A key risk management technique is to provide good client service and communications that help clients better understand and reduce their exposures to fraud. Continue Reading
The very first question most people ask about blockchain is “What is it?” I like to reply with the answer “The digitization of trust and truth.” Continue Reading
Decision-making can be improved when the process involves all relevant stakeholders but the decision is delegated to the proper reporting level, according to McKinsey research. When such decisions also account for enterprise-level concerns, companies can move quickly without sacrificing quality. Continue Reading