July 19, 2018

Industry

What Is a Homebuilder, and Why Should Accountants Work For One?

I’m interviewing Megan Scheiderich, director of internal audit at PulteGroup. If you didn’t know, PulteGroup is one of the world’s largest and most prestigious homebuilders. So I have to open the interview with THE question. One of those questions you dread asking because the answer is so obvious and self-evident. But you have to ask […]

Earnings Forecasts Look Sunnier When You Put GAAP in the Shade

More and more of the largest companies in the United States are using their favorite nonstandard accounting metrics to forecast earnings, and as long as the Securities and Exchange Commission allows it, they’ll continue to do it. For example, Newell Brands Inc., which makes Sharpie markers and Rubbermaid containers, forecasts that a key measure of […]

Big 4 CMA

Does the Big 4 Value the CMA Certification?

When talking about certifications prized by the Big 4, everyone sounds like a broken record: the CPA, the CPA, the CPA, and just to mix it up, sometimes they mention THE CPA. Is there any other certification that Deloitte, PricewaterhouseCoopers (PwC), Ernst and Young (EY), and KPMG find appealing? What about the CMA, another one […]

Toshiba Seems to Have Escaped SEC Penalty After Accounting Probe Ends

It was reported in March 2016 that the Securities and Exchange Commission and the Justice Department were investigating the “accounting problems” at Toshiba Corp.’s business units in the United States. Well, according to Reuters, the SEC has completed the investigation, and Toshiba is likely breathing a sigh of relief. “We understand that all SEC investigations […]

Financial Restatements On the Decline—Again

There has been a trend in recent years of financial restatements for public companies decreasing, and 2017 was no exception. A new report by Audit Analytics revealed that the total number of restatements fell for the fifth consecutive year—from 873 in 2013 to 553 in 2017, according to Tammy Whitehouse of Compliance Week. She also […]

Accountant Goalie Scott Foster Attends NHL Awards Show, Is Funnier Than Jim Belushi

Golub Capital accountant Scott Foster, who has shunned the public spotlight since he helped lead the Chicago Blackhawks to a 6-2 win against the Winnipeg Jets on March 29 as an emergency backup goalie, came out of hiding last night to present an award during the NHL awards show in Las Vegas. As someone who […]

SEC Chief Accountant Wesley Bricker Had Nice Things to Say About Management Accountants

Not that he would really say anything bad about management accountants since he was at the Institute of Management Accountants’ annual conference, but Securities and Exchange Commission Chief Accountant Wesley Bricker threw some bouquets their way during a speech on June 19. From Accounting Today: “As management accountants, your work is vital to the financial […]

Avalara IPO Has Big First Day of Trading, But Some Analysts Are Skeptical

Avalara’s initial public offering set the New York Stock Exchange ablaze in a sea of orange on June 15, as the Seattle-based sales tax automation company’s shares nearly doubled in their opening day of trading, according to CNBC. But while Avalara’s IPO looks hot, it’s overpriced, some analysts say. Shares of Avalara closed up 87 […]

5 Qualities Audit Committees Want a Corporate Controller to Possess

Open communication, face-to-face exposure, accountability: These are just some of the tenets of an effective relationship between the corporate controller and the audit committee. But after reading a couple of articles on what audit committees want from CFOs, I was curious to find out what audit committees expect from controllers. So, I asked a handful […]

cannabis accounting

Why Serving the Cannabis Industry Can Be Dope for Accountants

In an interview with Going Concern, DOPE CFO founders Andrew Hunzicker, CPA, and Naomi Granger, CPA, explain what common cannabis accounting mistakes CEOs make and why the industry presents a huge opportunity for accounting professionals.

Controllers Relationship Audit Committee

How Controllers Can Build an Effective Relationship with the Audit Committee

Over the past six months on Going Concern, more than two dozen corporate controllers have shared their experiences and provided practical advice to CPAs and other accounting professionals on certain aspects of the controllership, including talent retention, fraud, cybersecurity, leadership, month-end close, continuing education, Sarbanes-Oxley compliance, and initial public offerings. But one part of their […]