With the Memorial Day weekend just around the corner, it’s time to start planning your (and your team’s!) summer vacation time. It’s no small feat to coordinate schedules, assign backfills, and avoid conflicting requests… all while closing the books.To make sure it’s all smooth sailing...
The biggest talk of the financial world currently is Snap Inc (commonly known as Snapchat) and its recent IPO – the largest since 2014. The so-called “unicorn” (a tech startup valued at $1billion or more), was given an impressively high valuation of $33 billion when it went public,...Read more
Thought you were having a bad day, even week, not after this post! The SEC (Securities and Exchange Commission) last week suspended an accountant for conducting a faulty audit of the financial statements of a public company that was committing fraud. The accountant agreed to pay a $25,000 penalty in addition to being permanently suspended from...Read more
A demonstration of fictional IRS auditor Harold Crick’s fixation on precision and efficiency. While accountants, auditors, actuaries, and others of similar professions are rarely portrayed as more than number-crunching robots, the few movies and television shows that stray from this stereotype may actually have the right idea. Those who view accounting as a dry profession should...Read more