Attended a not for profit discussion at the IL CPA Society today. Professionals from NFP's looking for their accountants/auditors to be trusted advisors, not just check the box and sign off.
And on ERM-looking for a practical way to understand and implement ERM without pointing to COSO framework. Just another example of the public accounting firms overblowing something in order to drive fees higher from their clients.
ERM doesn't need to be a huge ordeal for companies. It can be implemented with minimal effort from consultants. Companies, including not for profits need a framework, some guidance and it's management's responsibility to implement ERM.
Public accounting firms have developed behemoth models and processes to implement, and it's killing businesses.
About Me
- Daniel Gaffney
- Starting a business was only logical after working in corporate and in professional services. I was raised on a dairy farm near Wisconsin Dells, Wisconsin and my roots are based on making it on my own as my family has in dairy farming for over 125 years.
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