Why Audit Walkthroughs Break Down (and What It’s Really Costing You)
Why one of the most critical audit procedures quietly becomes one of the least effective
By William Englehaupt
MANAGEMENT
How to Get Organization Minutes in Order
A 34-point checklist.
By Ed Mendlowitz
77 Ways to Wow! The Checklist Handbook for Advisory Services.
Corporate, LLC, partnership and not-for-profit organizations are usually required to have minutes memorializing certain actions taken by the board of directors or governing body. Yet, many do not either because it has never been done, is a bother, is considered not necessary or overlooked through inaction or unawareness.
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However, it is something that should be done as a best practice, as recognition that there are non-active stakeholders who need transparency, or as tangible evidence that the actions recorded took place timely. In some instances, the IRS looks for minutes as a symbol that the affairs were handled on a businesslike basis or were not one-sided “secret” actions by those in control.
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The Post-Audit Debrief Most Teams Get Wrong
The Post-Audit Debrief Most Teams Get Wrong
By William Englehaupt
Donny Shimamoto: Build Careers That Bend, Not Break | MOVE Like This
Flexible systems help accounting professionals remain, contribute, and advance when life’s responsibilities change.
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MOVE Like This
With Bonnie Buol Ruszczyk
For CPA Trendlines Research
When caregiving responsibilities collide with work, even the most committed professionals can find themselves questioning whether their careers are still sustainable.
In this episode of MOVE Like This, Donny Shimamoto, CPA.CITP, CGMA, managing director of IntrapriseTechKnowlogies and inspiration architect at the Center for Accounting Transformation, joins Bonnie Buol Ruszczyk to discuss what accounting firms can do to better support employees with caregiving responsibilities. Drawing from his own experience as a caregiver and his firm’s long-standing flexible work model, Shimamoto explains why supporting caregivers isn’t about creating complicated new policies. Instead, it’s about building thoughtful systems, training managers, and planning work in ways that recognize employees have lives outside the office.
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Shimamoto shares how becoming a caregiver for his great-aunt changed his own perspective on the issue. While many people associate caregiving with raising young children, his experience highlighted how responsibilities for aging parents, relatives, and others often arrive unexpectedly and affect employees across every stage of their careers. Rather than viewing caregiving as a temporary accommodation for a small group of employees, he believes firms should recognize it as a reality that will affect nearly everyone at some point in their lives.
That shift in thinking changes how organizations design policies, manage workloads, and retain experienced professionals.
Blake Carroll: The CPA Exam Isn’t Testing How Smart You Are | Accounting Conversations
PwC consultant and CPA exam coach says success depends less on being the smartest person in the room and more on managing time, building effective habits, and continuing after setbacks.
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Accounting Conversations
With Chayton Farlee
Center for Accounting Transformation
The greatest obstacle standing between most CPA candidates and their licenses is not intelligence. It is time. That distinction matters, says Blake Carroll, CPA, a deployment consultant with PwC who helps aspiring CPAs develop the plans, habits, and mindsets they need to pass the exam.
“I truly believe anyone can pass it,” Carroll tells host Chayton Farlee on the Accounting Conversations podcast. “It’s not a test of intelligence. It is a test of endurance.”
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In the episode, Carroll and Farlee, an assurance associate at CliftonLarsonAllen, explore what makes the exam so difficult — and why the skills candidates develop while preparing for it can continue serving them long after they earn their licenses.