All Articles
Seeking a Strong Control Environment: A proactive approach can preempt and detect fraud and misconduct
Books of accounts and records have existed in some form for thousands of years, going back to ancient Egypt and other civilizations in the Middle and Near East, the Zhao Dynasty in the Far East, as well as the Greek and Roman republics in the West. Such record keeping was usually maintained to...
Read MoreIntellectual Property
Forging Win-Win Royalty Deals: Clear terms, fair dealings are the path to success for licensors and licensees
Properly reporting and accounting for royalties can be challenging and complex for licensees. Ensuring that your licensees are operating as intended and paying you properly can be daunting for licensors. However, no matter how technical royalty and contractual obligations may be, there are a...
Read MoreAccounting
All in the Family Business: The key to success is bridging personal and business relations
MCC: What are the unusual aspects of consulting for a closely held or family-owned business? Amin: It involves much more than the typical debits and credits, tax returns, and compliance that people associate with public accounting. You get very involved not only in terms of consulting on...
Read MoreBoard of Directors
Supply Side: Making vendor risk assessment an organizational priority
MCC: What are the key considerations when establishing a vendor risk program? Licata: First you need to identify the company’s full population of vendors, including what they do and how the contracting process works: Is it handled centrally, or can each business unit contract on its own?...
Read MoreTechnology
Beyond Accounting: Innovative companies inspire a new breed of innovative advisor
MCC: Please start our discussion by talking about the innovation cycle. What does it take to innovate? Fogarty: It’s interesting. The innovation cycle begins with an open mind from all stakeholders in developing an idea for a product or technology, vetting it, reaching the moment where...
Read MoreInsurance Coverage & Recovery
Business Insurance: Are You Covered?
It’s that time of year again, with flooding, rain, wind, snow and other severe weather patterns being seen around the country. Now is a good time to pull out and review insurance policies and determine if you have coverage for an event that could impact your business and its ability to...
Read MoreBoard of Directors
Monitoring Cyber Risk and Developing Response Protocols in Advance
MCC: Your practice involves partnering with management, audit executives and board members to manage and monitor enterprise risks. These activities have come into sharp focus given that 2014 was a banner year for security breaches. What is the current mindset within companies regarding...
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