I was recently featured on the popular podcast “The Accounting Show” and my topic was self-regulation in the accounting industry.
Self-regulation is a key element of what we do as accountants, but it’s also one of the things that most accountants struggle with. Some accountants have a real problem with self-regulation because they feel like they can’t be trusted to regulate themselves. It turns out that this is an issue that’s not unique to accountants. Self-regulation is a major issue in any industry and it’s something that every entrepreneur and business person needs to think about if they hope to succeed.
The challenge is that many companies that seem to be successful in one way or another simply do not have self-regulation in place, and that’s why it’s so difficult to avoid a crisis. A company that is successful because it has a good product or service and customers love to use it and stick around is still vulnerable to a financial crisis.
In the accounting industry many of the biggest banks are still struggling with their credit ratings, but one of the best-known practices is self-rating. In accounting it is common for banks to rate each other on their creditworthiness. This is a very positive thing because it can help to improve relations among bank lenders. The process is done by the staff at the bank who rate each other on a scale of 1-10.
Self-regulation is actually quite effective from a marketing perspective. It’s one of the reasons that companies like Amazon and eBay have so many active customers and because it’s generally seen as a good idea to rate other companies on their own credibility. It also helps to improve bank relations and helps boost the bank’s stock price.
The only problem is that self-regulation doesn’t work that well when you have a lot of bad apples in the picture. There are a lot of bad apples in the accounting industry, at least in the United States. There are also a lot of bankers who are just bad apples. One way to combat this is to make sure the staff at your bank rates you on their own credibility. Another way to combat this is to put a little self-regulating muscle behind the whole process.
A really smart way to combat bad apples is to put a little self-regulating muscle behind the whole process. For example, it could be that the new CEO of a bank is a really smart guy who has been in on the big accounting fraud that has been going on for a long time. Maybe he knows the entire process inside and out, and has a very good track record.
One way to put some self-regulation muscle behind the process would be to have a really good track record of fraud that has been going on for a long time. For instance, in the last few months I have seen a lot of bad apples that have gone around the accounting industry. For every one that has been caught, there have been dozens that are still walking around.
Most of these bad apples are at the same firm that handles the financial side of the business. They are at firms like Amherst, CFO, and PricewaterhouseCoopers. Most of these accounting firms have very good procedures for self-reporting fraudulent activity, and there are many that have some of the best in-house auditing and fraud detection services.
There are some firms, however, that have a hard time reporting fraud. There are many firms that do not give a company a chance to report fraud, and that means they are very good at covering their tracks. A firm like Amherst, for example, is one of the best at reporting fraudulent activity. There are many other companies that, while good, don’t have the best procedures in place.