If you want to keep up with this blog but don’t want to have to remember to check back on a regular basis, one option available to you is the RSS feed. RSS (Really Simple Syndication) is a family of Web feed formats used to publish frequently updated content such as blog entries, news headlinesContinue reading “Using RSS to keep up with your favourite sites”
Author Archives: Neil
Taking the wraps off materiality
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 inContinue reading “Taking the wraps off materiality”
Value creation mode isn’t just from 9 to 5
I was recently asked what I thought about value pricing as it relates to professional services firms. The billable hour is typically how firms price their engagements, but the idea of value pricing is gaining momentum and acceptance is growing. I believe in a competitive market, value pricing would occur naturally. Misinformation from vested interestsContinue reading “Value creation mode isn’t just from 9 to 5”
Using wikis or blogs to manage knowledge in firms
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!Continue reading “Using wikis or blogs to manage knowledge in firms”
Traditional partnership model being tossed aside
The way most professional services firms are organized is the partnership, which more often than not is based on the premise that the people who bring in the most business earn the biggest cut of the take. Some firms have begun to question the wisdom of this model, and are moving to an organization thatContinue reading “Traditional partnership model being tossed aside”