Each month-end close, Matt Guth and his accounting team at Citizens and Farmers Bank (C&F Bank) found themselves buried trying to complete over 400 manual account reconciliations. Not only was this part of the close process extremely time consuming for the team, it also required a substantial amount of paper docume...
Setting aside any stuffy conflict of interest concerns, have you ever thought that perhaps your auditors might genuinely want to work with you and help make your life better. It’s understandable, after pulling 135 invoices and responding to a constant barrage of audit-related questions, it might be hard to give your au...
Account reconciliations are one of the most cost-effective ways to catch fraud. According to the ACFE’s 2022 Report to the Nation, 5% of occupational fraud is detected through the performance of account reconciliations. When you add in other activities account associated with reconciliations, namely management review r...
We all know April showers bring May flowers. And you know what's made for these busy, rainy April days? Comfort food! We're mixing it up on the Encoursa blog with an easy recipe. Liz Briggson, CPA, CVA whipped this up while on a conference call (aka 15-20 minute prep time) earlier this week and everyone enjoyed it...
Do you find your current work environment is causing you stress or anxiety? Distinguishing the root cause of the stress can be difficult. While a quick look in the mirror can help us determine if we are part of the issue, workplace stress often manifests from external forces and relates to the behaviors of toxic leader...
Do you find your current work environment is causing you stress or anxiety? Distinguishing the root cause of the stress can be difficult. While a quick look in the mirror can help us determine if we are part of the issue, workplace stress often manifests from external forces and relates to the behaviors of toxic leader...
Branching out to explore the realm of communications, Nancy Wu delivered some amazing insights about listening skills AND one culprit that causes the opposite of listening, the oft experienced, yet rarely discussed Amygdala Hijack. Click here to watch the recap! We recapped the webinar and wanted to share wit...
One thing that unites all accounting and finance professionals is striking a balance between doing work we enjoy and taking care of tedious tasks.Dave Mundy, President & Founder of AuditDashboard, recently led a one-hour webinar, "Cut Waste, Improve Your Team and Client's Experience." Dave acknowledges, "All proces...
Occupational fraud is far more widespread than we may be inclined to think. According to the ACFE Report to the Nations, the typical fraud case lasts 14 months before detection, aggregating losses of over $100,000. A lack of internal controls contributes to nearly 33% of frauds. Nancy Wu, Head of Sales and Custome...
As accountants and auditors, we take certain things for granted. For calendar year-end audit clients, we generally plan interim fieldwork in the fall followed by year-end fieldwork in the winter. We roll-forward the prior year document request lists (lovingly referred to as PBC lists because, in fact, the documents are...