A survey conducted in July and August of 2009 by Aon has revealed that companies are moving beyond “basic” ERM imple­men­ta­tions: 62% of the survey respon­dents in the Global Enter­prise Risk Management Survey 2010 reported going beyond basic ERM, compared with only 38% in Aon’s inaugural ERM survey in 2007. I wonder what happened between now […]

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Materi­ality is an important concept in auditing. The point of an audit is to certify the financial state­ments as being free of material misstatement. A material misstatement is one which would affect the decisions of a user of those state­ments. This recent blog post at the VeraSage Institute, more known for their pioneering work in […]

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A recent article on WebCPA confused and inspired me: Accounting firms need to become more intel­ligent businesses by better lever­aging the time and knowledge of their profes­sional staff, according to a survey… […] Firms with a formal knowledge management program benefited from its imple­men­tation. Hmm… Intel­li­gence, good. Lever­aging knowledge, check. Formal knowledge management program, bingo! […]

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The Managing Partners’ Forum was estab­lished in 1995 and is “dedicated to enhancing leadership and the status of the management team in profes­sional firms worldwide.” They recently released the inaugural Global 500, a ranking of the top 500 profes­sional services firms in the world by fee volume. The Big Four are at the top of […]

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Kind of old news (it’s from January last year) but BDO Seidman has imple­mented commercial open source software to manage their nationwide network of member firms. Open source software is software whose under­lying source code is openly available and is usually licensed under the GNU GPL. What I like about open source is that the […]

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