Contact: Amy Cagle Richard C. Adkerson (Photo submitted) STARKVILLE, Miss.—The Richard C. Adkerson Family Foundation addresses two significant issues facing the southeastern United States with a gift to its namesake’s alma mater, Mississippi State University. The more than $1.7 million gift will strengthen accounting education through accessibility by establishing two online graduate-level degree programs for […]
Will Value-based Pricing Work for Your Business?
There are a number of strategies you can use to price your products or services. One of them is value-based pricing. Read all about value-based pricing, its pros and cons, and how you can use it to strategically price goods and services at your small business. What is value-based pricing? Valued-based pricing, or customer-based pricing, […]
‘Direct examination’ engagement created by SSAE No. 21
Practitioners will be able to perform a new engagement known as a direct examination for clients under a new standard published Wednesday by the AICPA Auditing Standards Board (ASB). Statement on Standards for Attestation Engagements (SSAE) No. 21, Direct Examination Engagements, gives a practitioner the ability to measure or evaluate underlying subject matter against criteria […]
What COVID-19 has taught corporate boards
In previous years, work as a corporate director generally was predictable. Board members could count on an approximate number of meetings, oversight topics that generally remained the same, and business conversations inside and outside of the boardroom. Everything changed in March, when the COVID-19 pandemic disrupted business and society in unforeseen ways. Boards were meeting […]
SEC charges Manitex, three former execs with accounting fraud – Compliance Week
According to the SEC, Manitex—a manufacturer and distributor of cranes, forklifts, and heavy equipment—improperly accounted for and misled its outside auditor about nonexistent inventory. The agency’s order describes two schemes perpetrated by Andrew Rooke, Manitex’s former chief operating officer, and Stephen Harrison, the former general manager of a Manitex subsidiary. In the first scheme, beginning […]
Boomer’s Blueprint: Taking CAS to a higher level – Accounting Today
Accountants spend too much time in meetings discussing the definition, pricing, niche markets and service requirements associated with client accounting services. Now is the time for action and a change in mindset where the focus is on automation and adding value. CAS ranges from payroll and after-the-fact data entry to full-blown outsourced CFO services, including […]
Vail accounting executive resigns – The Daily Camera
Vail Resorts Inc. (NYSE: MTN) chief accounting officer and controller Ryan Siurek has resigned from those positions effective Tuesday, according to a filing with U.S. Securities and Exchange Commission. The disclosure did not provide a reason for Siurek’s departure. Siurek is being replaced by Nathan Gronberg, a 42-year-old who has been assistant controller since early […]
Vail accounting executive resigns – The Daily Camera
Vail Resorts Inc. (NYSE: MTN) chief accounting officer and controller Ryan Siurek has resigned from those positions effective Tuesday, according to a filing with U.S. Securities and Exchange Commission. The disclosure did not provide a reason for Siurek’s departure. Siurek is being replaced by Nathan Gronberg, a 42-year-old who has been assistant controller since early […]
What Is an Operating Budget for Business?
There are a number of different types of business budgets. One kind of budget that your business may have is an operating budget. Read on to learn what is an operating budget and what to include in yours. What is an operating budget? An operating, or operational, budget outlines the funds you need to make […]
How auditors can enhance the reliability of non-GAAP reporting
Engaging external auditors to perform procedures outside the financial statement audit related to non-GAAP financial measures or key performance indicators (KPIs) can raise public confidence in this information, according to a Center for Audit Quality (CAQ) report issued Tuesday. In an audit of the financial statements, auditors generally have limited responsibility for non-GAAP measures and […]