July 21, 2021
Decision-Making Process Affects Firms Success

How Does the Decision-Making Process Affects Firm Success?

Managers inside an organizations are making decisions with a huge impact on their operations every day. These decisions relate to human resources, partnerships, money, and products or services, among others. Unknown to many firms, the problem solving process you follow when making a decision will affect your success. How does the decision-making process affect firm success?
July 10, 2021
Internal Controls

How are Financial Controls Implemented?

Financial controls are documented in your finance processes, policies, and procedures manual template. SOX, in general, has generated a lot of discussion about internal controls even requiring financial policies and procedures. How are financial controls implemented?
January 13, 2021
internal controls

What are Financial Internal Controls?

The Internal Control Procedures Series provides a risk reducing framework of financial internal controls for the ten core accounting cycles — these cycles make up the accounting body of knowledge.  Each financial cycle focuses on a key element of business accounting and, therefore, should be covered in your company’s financial accounting policies and procedures manual.
December 27, 2020
Compliance Easier

Make Compliance Easier

Sell yourself first, then sell everyone else on the importance and value of compliance. Make them want it!
June 18, 2020
Ethical Business

How to Improve Business Ethics

Many members of an organization express concern over whether their company is ethical . If you're one of them, do you know how to improve business ethics?
October 23, 2019
IT Standards

What Is ITIL Information Technology Infrastructure Library?

Pass the ITIL?? V3 foundation exam and you will get a free lapel pin.
September 23, 2019
SOX Accounting Costs

How to Reduce SOX Accounting Compliance Costs

Three things drive up the cost of Sarbanes-Oxley compliance more than any other: Cost of Scale, Cost of Review, and Cost of Improvement.
August 26, 2019
Risk Management

Financial Mistakes that 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. The fact is that 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. Meaning that 80% of business fail within their first year.
July 1, 2019
Corporate Governance Sarbanes Oxley

What Is SOX Corporate Governance?

Sarbanes-Oxley (SOX) requires an internal control system. Yet the current financial crises indicates that the needed internal controls are not effectively implemented in many companies.