“If the managers, the C-level and board have good demonstrative behavior, everybody down the line will mimic that,” said Yigal Rechtman, senior manager of forensics and litigation at Grassi & Co., an accounting and business consulting service, at a New York State Society of CPAs’ forensic accounting conference yesterday. “People need to operate by example,” he said, noting that if the CFO is leaving at 3 p.m. on a daily basis, for example, that will not help a firm to have better internal controls. [CFO]
Related Posts
Belated #TBT: The Birth of the Cash Flow Statement
- Caleb Newquist
- March 13, 2015
No financial statement tells the story of a company quite like the statement of cash […]
FASB Vows to Hit the Gym, Stop Smoking, and Stick to Other Resolutions in 2015
- Adrienne Gonzalez
- February 5, 2015
Alright so I lied, FASB isn't going to quit smoking. What they are doing, however, […]
New SEC Rules Have Made GAAP Great Again (in Press Releases Anyway)
- Caleb Newquist
- August 29, 2016
For some time now, I've been featuring various worries by various people about non-GAAP reporting […]
