Risk Intelligence in the Boardroom: Take a Quick Test to Measure Your Company’s Maturity
Guest Post by Ronald Kral, MBA, CPA, CMA Managing Partner of Candela Solutions LLC Sound data, information and intelligence are clearly critical business success factors; however, is it getting to the right people? Too often we think of C-level decision makers as the ultimate end-user. Yes, they are collectively the company’s brain-trust and are directly responsible for executing strategy, but whom should be monitoring and why? The answer is the board of directors, who serves to protect and represent the interests of shareholders. The active engagement of directors needs to be the lynchpin of important corporate deliberation, which hinges on information. Now that we have the “who” and “why” identified, let discuss “how.” First let’s be very clear on what “risk intelligence” entails. There are both macro and…
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Guest Post by Ronald Kral, MBA, CPA, CMA Managing Partner of Candela Solutions LLC All organizations use some form and degree of monitoring in reaching strategic, operational, reporting and compliance objectives. Yet, many organizations do not fully leverage the power of monitoring in reaching objectives or in supporting their regulatory control...
Checking your credit report is the best way to keep abreast of the information being reported to the credit bureaus. The information contained on your credit report can have a huge impact on various aspects of your life, from qualifying for credit or landing a new job. When a tax lien in placed on your property, this information appears on your...
I’ve often wondered, how do you make the Franchise Tax Board (California’s income tax agency) look good? Well, I and other California tax professionals have discovered the answer: Have the Board of Equalization implement a program that had such a poor design that the FTB looks good in comparison. That program is the mandatory Use Tax...
A good tax relief company offers their clients many benefits and can really help a taxpayer with major tax problems, however there are many bad tax relief companies out there that use shady tactics and do not give their clients the services they promized. It is important to pick one that will give you the best service for your dollar. Here are...
My most popular post on this blog is Mary Kay Cosmetics: Destroying half a million women a year , and with good reason. Each day, thousands of women are searching for information on the Mary Kay “opportunity.” Until a few years ago, the only information they could find was produced by the Mary Kay Spin Machine. Almost five years ago,...
This interesting information was posted on a Canadian discussion board where the members were talking about United First Financial . As you saw here, some of the top people in UFF see that the company is going under , and are looking for a way to take this horrible software to a new company, and leave all the dead weight agents behind. Too bad...
InterOil Corp’s investors duped into believing company has discovered and certified resources in Papua New Guinea In the last three months, the stock price of InterOil (NYSE:IOC) has gone from $30.40 to $70.55 per share. What is responsible for this incredible 132% increase in price? Certainly not the company’s financial performance. As of...
Gary Turner, Xero ’s UK MD has been out and about pointing his camera at Xero practice users. His first two video shoots highlight some of the benefits that practitioners are seeing from using a saas solution e.g. 10-20% reduction in time spent on routine client work Day-to-day data entry element is significantly eased Avoiding conversion...
If the remarks of Fed Governor Elizabeth A. Duke are any indication, the answer is a flat “No.” At the outset of her remarks at Monday’s AICPA banks and savings institutions conference, she gave the traditional disclaimer that her comments reflected her views and do not necessarily reflect those of the Board of Governors or staff....
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