Best Practices & Firm Management

Meet the Co-chairs - TIAG

Baker, Kurt
ESV Accounting and Business Advisors

Meet the Co-chairs - TAGLAW

Butler, Ed
LK Shields Solicitors

Levy, Robert
Kuit Steinart Levy LLP

Contact: Anderson Anderson Brown (Scotland)

Many professional services firms – including accountants – employ a ‘practice manager’ to oversee and co-ordinate their work. Plenty of companies in other sectors could benefit from exactly the same kind of approach.

An increasing number of accountancy and legal firms now employ a Practice Manager to look after the day-to-day running of their business. It’s a recognition that it’s very difficult to focus on the priorities of clients and to deliver a seamless service, unless you have someone working behind the scenes to make sure that everything is running efficiently.

Read more: Free up your time with professional, strategic support

By: Rachel Pride

Research shows that companies who regularly recognise employees tend to have a more engaged and productive workforce. Employee engagement is the holy grail of successful businesses so here at WMS we think that recognising and rewarding our staff is pretty important stuff.

Read more: How We Reward Our Staff

Contact: John Fitzgerald; Berdon LLP (New York, New York, USA)

Rewarding your best ... instilling greater motivation ... getting your firm out of the doldrums. A firm's success in these endeavors can turn on your partner compensation system. Accordingly, taking a step back to reevaluate your firm's system can help point the way to strengthening the firm and increasing its longevity.

Read the entire article.

Contact: KMJ | Corbin & Company (Costa Mesa, California, USA)

COSO released a proposed update to its widely used framework for internal controls. Since its introduction nearly 20 years ago, the COSO framework has helped companies worldwide improve their controls, manage risks and combat fraud.

Read more: COSO Introduces Update

Contact: Falcón Sánchez (Puerto Rico)

That's right, in fact fraud is so pervasive and so hidden in nature that your organization could be experiencing it as you read this. Your organization could be very well into attack by an unscrupulous employee, supplier, or any other outside

Read more: Small & Medium Enterprises (SMEs) Beware! Fraud Could Be Knocking on Your Door