When accounting goes unaccounted for
Says EY on Pinterest: "The ordering box that accountants would use to carry around documents. It contained the official firm stamp that auditors must use to stamp all documents to indicate that the firm is taking responsibility for the statements by the auditor.""
Thanks to a tipster for sending along the following note which curiously appeared in one […]
Ed. note: Are you in the throes of holiday cheer but deep in the belly of career jeer? Email us at advice@goingconcern.com, we’ll lend you an ear.
Hey GC,
I’ll try to keep this short and to the point.
I’ll be starting my career soon with a firm that will be merging with another. Should I be wary of anything that could change on my end?
Thanks!
The first question to cross my mind was “what firms are merging?” Caleb suggested that our contributor could be from CliftonLarsonAllen, covered on Going Concern last month. Poor Gunderson. But yes, mergers (MERGERS!) can be fun/daunting/HR headaches/swag gold mines. Below are a few things to expect.
Client Coddling: Priority #1 in any merger is for the partners to assure their clients’ confidence in the new, stronger firm. Employee cross-over from one firm to the other’s engagements can be expected on the lower levels, but expect partners to remain active on their respective clients.
Crash Courses in Firm Lingo: Here come the HR tutorials. Acronyms – the lifeblood to any public accounting firm – will have to be efficiently combined. More so, understanding what “the other guys” do is very important from a sales perspective. Understanding the merger’s strengths will not only be beneficial in making current employees confident and comfortable with the merger, but they will be prepared to answer the inevitable client question of, “why did you merge with THEM?”
IT/HR headaches: “Who do I call for computer questions?” “Who is my HR contact?” “Are we UPS or FedEx now?” “How do we submit T&E?” There are bound to be efficiencies in the day-to-day operations of the newly merged. But, inefficiencies in the short term will hopefully lead to long-term improvements.
SWAG: Let’s end this dance on a good note. HR should be ordering up all kinds of stylish pens, travel sized 10 keys, and XXL hoodless sweatshirts. Most of the goodies will be slated to hit cover the desks of clients to keep them in the loop of Gunderson’s departure from the picture. However, look out for your office’s HR professional at the holiday party (i.e. – get them wasted) and see if they’ll hook you up with some of the leftovers.
Here is another career inquiry sent to advice@goingconcern.com. I confirmed with Caleb that none of […]