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

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

Contact: CAF Contadores Publicos, S.C. (Nuevo Leon, Mexico)

As time goes on, it is becoming more common, unfortunately, the commission of frauds in prejudice of company's assets. Factors like economy recession; global competence; excessive regulations; problems to comply with tax obligations; the investment requirements for growth; the redacton of utility margins, etc., magnify the problem to take an economic breakdown due to disloyal employees,

Read more: Can Companies' Frauds Be Prevented?