Insights

When a company is charged with financial statement fraud, the first question asked is “Where were the auditors?”
But auditors can only insure accurate financial reports in a robust business environment where every stakeholder has bought into the importance of internal control procedures and their documentation.
Creating an internal control integrated framework over subjective and complex accounting areas such as revenue recognition, loan impairment and valuation is especially challenging, and insufficient internal control procedures can leave an organization dangerously open to fraudulent financial reporting.

Have you come to terms with the fact that accountability is the missing element to drive your team to excellence?

Law firms continue to base their entire business model on tracking billable hours. More often than not, clients feel they have little control of what a specific legal proceeding will cost. Why is it so hard for law firms to offer fixed deliverable-based pricing?

Ask anyone in your office how they feel about meetings, and you are likely to get passionate responses on both sides of the aisle.

In the wake of the UK Parliament’s recent network security attack, it’s clear that no matter how well-designed our IT security systems and internal controls are, there’s always a risk of your organization falling victim to a cyber threat.

Making the transition from being an entrepreneur-led business to one that operates as an “institution” is not easy. A business that deals with everything that comes their way in a reactive, ad-hoc, team-based manner is not scalable. So, start with clearly defining and communicating a function-based org chart that nicely follows your value-chain.

Few professional offices have to deal with as much information as law firms and remember so many critical things.

Headache-causing. Frustrating.  Sluggish.  These are some of the terms that go through our heads when trying to decode the complex regulatory requirements of Sarbanes-Oxley (SOX).

For those of you who have now been using CommandHound for a while, here is a quick list of some features available that you may have forgotten about.

Nowadays, we are spending more and more time working at all hours of the day and night. Worst yet, we talk ourselves into believing that things will get better soon.