By James J. McKay More than 40% of the current U.S. construction industry plans to retire in the next decade. A portion of that number will include construction company ownership. So, are you ready? You built the company from scratch during the last 40 years, navigating shutdowns, lockdowns and a slew of macro and micro… Continue reading Exit Strategies: How Construction Companies Utilize ESOPs With Private Equity
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What Your Bank’s Finance Team Is Missing
The banking world continues to evolve. And almost all their finance teams have a huge gaping hole. Here’s a hint: CECL, more documentation and new transactions. What could those three items need? More specifically, how could your finance team do a better job at managing those new demands? A dedicated, full-time accounting policy resource could… Continue reading What Your Bank’s Finance Team Is Missing
What Bank CFOs Are Missing From Their Finance Team
By Paul Karr There is a common misconception that accounting policy is something that controllers can do in their spare time. Midsize firms especially can fall into the same trap: We’ve always had a small team, and everyone has to complete a lot of work, and we can’t afford another resource. Your controller already has… Continue reading What Bank CFOs Are Missing From Their Finance Team
SEC Quality Review (Publicly Traded Community Bank)
Industry: Community Bank (Financial Services) Client Overview A publicly traded community bank wants a comprehensive and objective “internal” quality assessment of its SEC 10-K and 10-Q documents. Challenge The bank’s finance team is already busy with the day-to-day operations. Preparation of quarterly earnings release documents and Form 10-Q and 10-K filings are “complex quarterly projects”… Continue reading SEC Quality Review (Publicly Traded Community Bank)
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Audit Preparation and Management (Financial Services)
Industry: Financial Services Client Overview A provider of specialized financial services to other financial services companies had highly efficient processes for serving customers but was having trouble closing its books timely and accurately, as well as completing its annual independent audit in a reasonable time frame. Challenge The company had not closed its books for… Continue reading Audit Preparation and Management (Financial Services)