June 24, 2018

Industry

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 […]

close management whitepaper floqast

Whitepaper: The Definitive Guide to Effective Close Management

Have you ever heard a month-end-close story with a happy ending? Yeah, that’s a negative for us too, or at least it was until we met our friends at FloQast. What was once a source of frustration is now so much easier thanks to their helpful guide on the subject. You must think we’re lying. […]

wells fargo kpmg internal controls

Wells Fargo Not Sick of Bad Press Yet

Oh, Wells. Buddy. What’s going on? Can’t seem to keep your nose clean. Last week heralded another splashy headline in the WSJ: Wells Fargo Employees Altered Information on Business Customers’ Documents Even we’re getting sick of it! This time, WSJ reported that employees in the wholesale subunit cut corners with data collection — including personal […]

controllers IPO SOX

No Matter the Timeline, Controllers and Their Teams Must Be Ready When the IPO Window Opens

Well, looky there, Sarbanes-Oxley requirements. In a perfect world, a private company that is planning to go public would take 12 to 24 months before the initial public offering launch date to make sure all of its i’s are dotted and t’s are crossed. But the world we live in ain’t perfect, and certain factors […]

USB IBM banned

Flash Drives Are Contraband at IBM Now

In a seemingly unenforceable move, IBM has banned its employees “from using removable memory devices such as USB sticks, SD cards and flash drives.” The company’s global chief information security officer Shamla Naidoo said that “the possible financial and reputational damage from misplaced, lost or misused removable portable storage devices must be minimised.” And sure, okay. […]

month-end close

Reminder: Take This Survey About the Month-End Close

Are you an accountant? Do you help close the books for your company or someone else’s? Well, then take this survey, by God, and tell us what it’s like in this day and age. Yes, we are making this ask again, but we figured it’d been long enough that you wouldn’t mind. If you’ve taken […]