The Fraud Triangle – What Can You Do About It?

In 1953, Donald R. Cressey, an American penologist and criminologist, published Other People’s Money: A Study in the Social Psychology of Embezzlement. He hypothesized that: Trusted persons become trust violators when they – Conceive themselves as having a non-sharable financial problem    Are aware that this problem can be secretly resolved (by violation of their…

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Accounting Department Roles 101 

financial appointments

Organizations cannot operate successfully without someone responsible for managing the cash flow and watching the bottom line.  Depending on the size of your organization, you are faced with choosing an internal accountant or outsourcing your accounting needs to an external accountant.  A small company with simple and uncomplicated bookkeeping needs may only require the services…

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3 Pillars of Workplace Leadership 

Leadership matters. It set’s the tone for company morale, encourages engagement, enhances innovation, inspires confidence, and determines the level of employee retention and loyalty. Of course, numerous leadership qualities are undoubtedly familiar to you. For example, good communication skills, the ability to delegate, and decision-making excellence are well-known leadership attributes. The bedrock of leadership, however,…

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It’s Time for Change! Diversity in Accounting and Finance 

In 2019, the American Institute of Certified Public Accountants (AICPA) released a startling statistic. According to their report, only 29% of professionals on accounting and finance teams identified as non-white. Of leadership teams and firm partners, only 9% identified as non-white.    The Association of Accountants and Financial Professionals in Business also conducted recent research, stating that…

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Retaining Accounting and Finance Talent  

Employee turnover is costly. Every employer knows this is true, but few enjoy dealing with it. Turnover lowers morale and decreases productivity. The Society for Human Resource Management (SHRM) reports that the fiscal cost of replacing an employee is an average of one-half to three-quarters of their salary! However, for today’s rising workforce, Millennials and…

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3 Benefits of Hiring Interim Leaders for Your Firm  

It has become increasingly popular to bring on interim executives as temporary alternatives to permanent C-suite hires.  Interim executives are precisely what they sound like — a temporary, executive-level leader. Various reasons can spark the need for hiring an interim leader, such as – An unexpected departure in management.  A significant transition within the company.…

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Hiring Gen Z — What They Expect in the Workplace

There’s a shift occurring in the workforce. Baby Boomers are retiring, and Gen X and Millennials are taking over their roles in management. Following in their footsteps is the up and coming Generation Z. Gen Z is the first generation to be completely immersed in technology. They have been surrounded by the internet, smartphones, digital…

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Setting 2022 Financial Goals for your Company

To achieve great things, two things are needed; a plan and not quite enough time. -Leonard Bernstein  As you look ahead to what you want your company to accomplish in 2022, you may think that having “not quite enough time” pretty much happens on its own. And you may be right. But a plan –…

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Holiday Staff Parties 101

It’s time to coordinate your company’s holiday party, and you don’t know where to begin. So let’s start with the “why.” First of all, the holiday staff party is an opportunity to show staff that you appreciate them. It can also be a great team-building event. And with tax season looming just around the corner,…

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An Attitude of Gratitude

We hear a lot about gratitude lately –it has become a new buzzword. But ideas, words, actions become hot topics for a reason, and if there has ever been a time when we need to focus on gratitude, it’s now as we slowly recover from the pandemic. Gratitude helps people shift their focus, enabling us…

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