Operational risk is probably one of the most misunderstood risks in the whole of the risk spectrum. While risks such as “credit risk”, “liquidity risk”, “market risk” are easily understood by business and other professionals, “operational risk” is a poor relation when it comes to grasping what it really means. The starting point, of course, […]
In business, as we do in life, most all of us strive to do the right thing and help those in need. The difference is that in business there are usually economic motives and consequences to our actions. Take for example a computer software company who deploys contract professionals to fill the need for programmers […]
We’ve explored the various accounting certifications in the US, Canada, and EU, but we avoided one of the big topics of discussion: bookkeepers. Bookkeeping vs Accounting Bookkeepers handle the day-to-day tasks like recording transactions, posting debits and credits, producing invoices, running payroll, and maintaining the general ledger and accounts. Essentially, they generate all the data that accountants will […]
I was recently talking to the CFO of a publicly-traded company about training for his finance and accounting group (about 1,200 employees in the organization). They are already a client of ours but we were talking about live training and what he does for his folks there and he said, “I like sending them to […]
Chances are, every single one of your employees has access to some sort of digital device. It might be a laptop, desktop, smartphone, or tablet – the type doesn’t matter. The important thing is that using digital devices is an important part of nearly every employee’s experience at their jobs these days. It only makes […]
Did you know that the week of October 8 – 12 of 2018 is Accounts Payable Appreciation Week? What are you doing for your AP team to show your gratitude? Back when I was managing a team of AP professionals, I would bring in muffins as a special treat for my team. It may not […]
We get this question a lot, “Does Illumeo provide free CPE?” The short answer is “yes”. The question I get asked by many folks in corporate L&D and by non-CPAs who manage CPAs is, “Why do CPAs need any CPE, much less ‘free CPE’?” Great questions. Turns out there’s more here than meets the eye! […]
It has been 16 years since the SOX legislation was passed by Congress. The legislation itself has not changed, however, the evolving changes in business, culture and technology have impacted the way organizations and auditors approach their compliance work. The original auditing standard (AS2) released after the legislation was passed provided guidance to companies on […]
It has been 16 years since the SOX legislation was passed by Congress. The legislation itself has not changed, however, the evolving changes in business, culture and technology have impacted the way organizations and auditors approach their compliance work. The original auditing standard (AS2) released after the legislation was passed provided guidance to companies on […]
How does everyone feel about CPE?Nobody I’ve met (and I know a lot of CPAs) likes their Continuing Professional Education (CPE) requirement. Nobody! Don’t get me wrong, they all like to learn, but CPE is different. A very good friend recently told me that for her, CPE is about compliance, not learning! That’s a wonderful […]
