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INSIGHTS & PERSPECTIVES
Just about every business intends to provide world-class customer service. And though many claim their customer service is exceptional, very few can back up that assertion. After all, once a company has established a baseline level of success in interacting with customers, it’s not easy to get to that next level of truly great service.
Read articleAuthor Ken Tysiac, in a recent article published in the Journal of Accountancy, cites seven strategic planning tips for not for profits articulated by Bob Mims, CPA, CGMA, controller and director of investments at Ducks Unlimited and Mary Legakis Engle of The Management Group.
Read articleA recent article published in the Journal of Accountancy, discusses GASB 77 and its new disclosures. The article discusses how many state and local government will give businesses tax breaks to ensure that the businesses locate in their territory, which in turn helps stimulates economic growth.
Read articleIn November 2014, GASB released preliminary views for public comment for changes for state and local governments in financial reporting of leases and activities with fiduciary responsibilities. For leases longer than 12 months, GASB proposes changes for governments as lessee or as lessor.
Read articleA panel at the 2014 World Congress of Accountants explored the qualities of an effective audit committee. Interestingly, their recommendations included a diverse mix of skills and expertise, access to external experts, an eye to future risks, communication skills, and a robust definition of independence.
Read articleOrganizations using financial statements consistent with GASB standards will need to address the new financial reporting standards for defined benefit pension plans. These requirements apply to both organizations that sponsor their own pension plans and those that participate in such plans.
Read articleThe Center for Audit Quality of the American Institute of CPA’s recently released an alert that contained seven key areas for audit consideration. These are important topics that are being focused on by various regulatory agencies such as Public Company Accounting Oversight Board (PCAOB).
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