new approaches to old challenges. source: accounting office management & administration report via www.cpaleadership.com. to subscribe to aom&ar, go to www.ioma.com. chicago-based ceb & company llc was formed in 2008 when patrick o’malley and william m. kwit split off from … continued
can the profession seize its rightful role in risk management, governance and compliance? maybe, but it’ll take vision and guts. do you have what it takes in the post-meltdown world of the new normal?
by rick telberg
in the aftermath of the global financial meltdown and the surge of new corporate interest in enterprise-wide risk management, do internal auditors face risks of their own in getting left behind?
maybe so, according to some prominent thought leaders in the profession.
after surveying more than 2,000 executives across 50 regions of the globe, researchers at pricewaterhousecoopers report that internal auditors are being challenged “to remain relevant and meet stakeholder demands” in ways like never before.
what’s required today, according to brian brown, pwc principal and internal audit advisory services leader, is a whole new, and somewhat unnerving, concept of the internal auditor, a new vision brown and his colleagues call “internal audit 2.0.” more than simply checking accounts, internal auditors need to adopt a new way of thinking about their job that goes beyond audit as we’ve known it and embraces the fast-developing body of knowledge in governance, risk and compliance. or else, brown says, they run the risk of becoming marginalized and obsolete as new risk-management professionals take over.
what rita keller teaches us from southwest airlines’ legendary founder.
by rick telberg
it’s been a rollercoaster ride in the past few years, with firms at first drowning in work, followed by a crippling staff shortage, then a market crash and belt-tightening, then re-expansion with a broadly profitable busy season. so a few weeks of peace and quiet this summer could seem appealing to staff and management alike.
but management guru rita keller is here to tell you that you can’t afford much rest. “there’s work to do,” she says about cleaning up rusty and outmoded cpa firm management practices. keller has a message for firms to focus on marketing, mentoring and managing — the three ms.
cpas could help help avert the next financial catastrophe by joining the new multi-disciplinary movement for governance, risk and compliance. by rick telberg not too long ago, cpa norman marks was sitting through a conference on the emerging issues in … continued
10 tips from one of houston’s fastest-growing firms. by rick telberg while some other cpa firms have been immobilized by fear and uncertainty in this economy, houston, texas-based malonebailey has been charging ahead with a new managing partner, a new … continued
is today the right time to invest in new processes and grab some good talent? while some accounting firms struggle in the economic downturn, others are finding new opportunity for growth, profit and investment, according to teresa mackintosh, senior vice … continued
no fee growth across all sizes of firm by marc rosenberg, cpa the mantra in 2009 was “flat is up,” which meant that cpa firms would gladly settle for 2009 revenues that simply held firm at the 2008 level, given … continued
in the suburbs of washington, d.c., an ex-army intelligence specialist is breaking the mold for accounting firms and inventing new ways of doing business. by rick telberg maybe it’s the four years he spent in army intelligence at the pentagon. … continued
and four questions to seize the “high-leverage” opportunities. after spending the last six months with cpas all across the u.s., maryland cpa association ceo tom hood has a thought or two on where accountants can find new opportunities. in fact, … continued
world leaders reset agenda for finance strategies. by rick telberg in this increasingly globally connected and dependent world, corporate finance executives can glean a few lessons from the world economic forum’s meeting of some 2,500 business, government and civic leaders … continued
it’s all about execution these days – doing the right things right. by rick telberg the frenzy of busy season and an uncertain economic outlook may be preying on the minds of accountants as their chief concerns right now. but, … continued
cpas brace for pain and uncertainty with cautious optimism, buoyed by signs the economy may have stabilized. by rick telberg as busy season lurches into high gear, accountants are expressing more confidence in the outlook for their own firms and … continued
change, in business as in life, doesn’t always happen the way we want it.
it’s at those times when we may need some help. here, from “change expert” m.j. ryan, author of “adaptability: how to survive change you didn’t ask for,” are a few helpful thoughts… read more →