Did you hear the one about the rogue trader who cost a French bank two years worth of profits? These days, it’s nothing new. We seem to hear about people routinely circumventing companies’ control systems and causing an uproar, whether …
On page B5 of today’s Toronto Globe and Mail newspaper is an announcement by UBS Investment Bank. It caught my eye because of how glum the three executives pictured appear. The announcement is for the promotions of Jim Estey, Rick …
Re-energizing the accounting staff is a major part of re-energizing your system. Here’s a question to ask them: “What would you do if your work took a half hour less each day?” After you weed through the joke answers, you’ll …
Businesses transform, sometimes daily. Accounting systems evolve. How do you know whether your accounting system has fallen behind the business? Reporting Ask people if they use their reports. A client of mine acquired a small business in northern Ontario. They …