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Anonymous Member
Anonymous
(Financial controller) I’ve recently been asked by someone who is taking on a short term commercial lease (6 months) if it’s better to put the lease through the company name or in their personal name? Please note they will not be trading from these premises. If they can select to put it through...
Member's Profile
ann smith
Title: Owner
Company: Smith and Associates
(Owner at Smith and Associates) I have verifiable information regarding the founder of a technology company who has engaged in highly unethical, potentially fraudulent business practices and has been able to operate under the radar for several years. The company he founded is backed by a private equity...
Anonymous Member
Anonymous
(Analyst) My husband is Military and just heard he’s gotten a job in Europe. We don’t leave until January 2019. Can I get in any legal trouble for waiting to tell them I’m resigning until 2-3 weeks before we leave? I don’t want to be out of a job/paycheck if I tell them any sooner....
Anonymous Member
Anonymous
(Accountant) In this situation, do I have any obligation to tell the Board they are being misled? Am I allowed to tell the Board?
Member's Profile
Teboho Makoetlane
Title: Principal Officer
Company: Mamoth Employee Benefits
(Principal Officer at Mamoth Employee Benefits)
Anonymous Member
Anonymous
(VP, Finance, Chief Financial Officer & C..) I have seen that in another country and the board likes it as it provide some assurance that there exposure to personal liability is reduced
Member's Profile
Stacy Huffmon
Title: Manager
Company: Fast Entertainment LLC
(Manager at Fast Entertainment LLC) I have a really bad feeling that I had employee's stealing from one of our restaurants by writing up sales tickets, acquiring the money and then never officially ringing the sale up in the POS. I found several of these that didn't reconcile to the POS and other logs from...
Anonymous Member
Anonymous
(N/A) Several small business companies much like mine do not host weekly or monthly quoting and billing practices training. In this fast-paced environment, the focus is on utility rather than tracking the quality or fairness of the billing to clients. It is very difficult to...
Member's Profile
Riddhi Karbhari
Title: Fresher
Company: Fresher
LinkedIn Profile
(Fresher at Fresher) Visit the blog to get a detailed post on what is Bitcoin from a laymen's perspective. https://medium.com/the-accouting-glutton/laymens-guide-to-bitcoin-470cdd82cea8
Member's Profile
Roman Moore
Title: Compliance Analyst
Company: Arvest
(Compliance Analyst at Arvest) In our post closing department, sometimes a document comes in that is missing either a Loan Officer or an Underwriter's signature on a document. The shipping specialist signs the LO or UW name to complete the package. Is this legal or does there need to be legal documents...
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com) "Latest data breach: The payment card information of Whole Foods customers who drank and dined in its taprooms and restaurants has been hacked. The grocery store chain, now part of Amazon (NASDAQ:AMZN), said those locations use separate checkout systems and information...
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com) Ready Houston under a DHS grant created this video on what to do during an Active Shooter. This is one by the LA County Sherriff' Department: You should share this with your companies Make a Plan Practice the Plan Make sure ALL employees know the PLAN
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com) At what point in time do you believe the CFO needs to hire or create a treasury and risk manager/management departments?
Member's Profile
Carter O'Brien
Title: Controller
Company: Private
(Controller at Private) Any suggestions on software, but more importantly, any suggestions on what we should be looking for out of the software?
Randy Miller
Title: Partner
Company: CFO Edge
(Partner at CFO Edge)   A recent article in CFO.com highlighted the damage that a disgruntled employee can cause after termination by a company. (Here is the link: http://tiny.cc/ptbcbw). As a CFO at various companies, we developed detailed protocols to try and avoid or mitigate this...
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com) How many of us have a policy about fraud, outlining prevention and discussing detection? Here's an example of a policy statement that prevents or at least seems to prevent fraud: "Accepting or seeking anything of material value from contractors, vendors, or persons...
Charles Schrock
Title: SVP
Company: Inland Bank and Trust
(SVP at Inland Bank and Trust) Most everyone has trouble with these concepts and for good reason. COSO did not explain these at all well. Let’s translate COSO’s theory into real world practicality. COSO says that risk appetite is the amount of risk an organization wants to accept in pursuing...
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com) This is a new twist on a tried and true method of scamming businesses and individuals. And its being very successful. http://go.cfo.com/tgK52202Lz0u800AHa0009z I just had my Controller sit down with all that have access to the company's accounts (whether read-only or...
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com) According to an article in CFO (Page 8, Sept 2014), the DOJ has initialized 13 investigations, the SEC 2 actions. While the difference in numbers has to do with investigating individuals vs companies, the question begs to be asked: If the only way to compete successfully in...