SOX compliance has changed as a direct result of COVID-19. Concerns over COVID-19 continue across the country, and many companies have fully shifted to remote work. While this change is necessary to maintain business operations, it can put internal controls at risk and make SOX compliance a challenge. Adjusting internal control processes as quickly as....
The way we conduct business has changed significantly in recent years, and companies are becoming more agile to keep up with industry shifts. Small businesses, startups, and businesses undergoing changes may find it difficult to employ a full-time CFO. Executive salaries are much higher and the hiring process can take weeks or months. An outsourced....
An experienced controller can provide considerable benefits for a business, but they often come with a high salary range. If your company needs the financial guidance and support from a controller, but you also need to save money, a part-time controller is your answer. Hiring an outsourced controller or CFO for the first time can....
Cash flow management is already a challenge for startups, but COVID-19 is not making matters better. With unemployment rising and people spending less money on certain goods or services, startups are likely to suffer during this time. However, reducing operating expenses can help a startup stay afloat until operations are back to normal. Reducing overall....
To say that COVID-19 has impacted the way we do business would be an understatement. For many businesses, the effects of the coronavirus pandemic will be felt in waves. One such wave will be felt as accounting teams prepare to close the financial quarter and adhere to SOX compliance. Reporting issues, changes in operations, and....