Category Archives: Improve Company Governance

What Financial Mistakes Put Business at Risk?

Mistakes are an inevitable part of running a business. It is a common practice that a business faces a drawback due to an unpredictable financial mistake. Some blame it on ignorance, some on lack of professional guidance, while others are simply trying to find someone to blame. What financial mistakes put business at risk? Continue reading What Financial Mistakes Put Business at Risk?

What Is SOX Corporate Governance?

In the past, we experienced an avalanche in our financial system. Major financial institutions failed to the shock of investors and depositors, and there was such a high level of uncertainty in the financial system that availability of credit had been shut off even to the most highly rated borrowers. What does SOX Corporate Governance have to do with this? Continue reading What Is SOX Corporate Governance?

How to Use a Risk Assessment Matrix for Project Management

96% of startups fail before they get to the ten-year mark, according to Inc.com. In most cases, their failure trickles down to one vital question; what could go wrong? Those who look for answers to this question early enough manage to protect their business from common risks and create the best atmosphere for its growth. Continue reading How to Use a Risk Assessment Matrix for Project Management

Keeping HIPAA Compliance Efforts Up-To-Date

The legislation and implementation of the Health Information Technology for Economic and Clinical Health Act (HITECH) expanded the scope of the Health Insurance Portability and Accountability Act (HIPAA) to reach more organizations. The legislation made it necessary to decipher the HIPAA compliance requirements regardless of whether you’re a doctor, a software developer, or in any other profession. Continue reading Keeping HIPAA Compliance Efforts Up-To-Date

How Will IFRS Convergence Impact You?

The US Securities and Exchange Commission (SEC) started making rules for the utilization of the International Financial Reporting Standards (IFRS) – essentially GAAP and IFRS convergence. The SEC developed a “road map” for the use of financial statements. AICPA has been instrumental in paving the way for the adoption of IFRS. Continue reading How Will IFRS Convergence Impact You?

How Can You Make Working for Your Parents a Success?

More than one son or daughter of a company founder has been coaxed into the family business in the years before dad’s retirement. Dad wants to back away from the business. “Planning for a graceful exit”, he says. “And”, he continues, “You are the heir to the company business.” Dad says that he realizes that it will take some time to transition out and transition you in. How can you make working for your parents a success? Continue reading How Can You Make Working for Your Parents a Success?