What
will you do when a professional conflict arises?
Several high profile companies had been involved in accounting
investigations as 2018 came to an end, including GE, Tesla, and
Snap. Allegations made in the Westmoreland Coal bankruptcy raise the
possibility that an adviser had an undisclosed
interest in the company it has been advising. Professional conflicts
can arise in a myriad of situations, and you need to be prepared to respond.
When a conflict arises, consider contacting Asterion. As
a boutique firm, we can assist in conflict situations without disrupting the
underlying relationship you have with a client.
Is your business ready for the impact of market volatility?
A business can be affected by numerous market factors. The recycling
business has been impacted by fluctuations in overseas markets. Companies
like Thomson
Reuters are cutting staff despite strong growth in U.S. job numbers.
An employee’s embezzlement resulted in a literary agency’s Chapter 7 filing, while the
agency’s authors are left with millions in unpaid royalties. Zales is facing a class
action over its alleged failure to honor jewelry repair contracts.
Whether the risks your business faces are internal,
external, or some combination of both, Asterion’s professionals are uniquely
capable of assisting your company as it navigates in these turbulent times.
FYI
Public Domain Day: After a 20 year delay, copyrighted material from 1923 entered the public domain on January 1, 2019. Here’s the full list.
Trends We’re Watching
Privacy rights and facial recognition software
On the Lighter Side: Where to, next?
When NASA said good-bye
to Voyager 2 in late in 2018, the sensors were still working as it
entered interstellar space 41 years after its launch. With the new year barely
a week old, we’ve already been privy to New Horizon’s look at Ultima Thule, and the
Chinese have made a landing on the far
side of the moon. Space has much more to offer in 2019.
For those of you interested in more familiar horizons,
here’s a ranking
of Wawa sandwiches.
What’s Puzzling Us: Doesn’t anybody check their work?
Remember when the USPS issued a stamp with an image of the Statue of Liberty replica in Las Vegas rather than the original in New York Harbor? Not to be outdone, Britain’s Royal Mail recently previewed a 75th anniversary D-Day stamp featuring US soldiers, not Brits, and the beach is part of Indonesia, not France.
The Thread Recommends: Walking in the park and gardening for a long life; while also improving your ability to argue so your longer life is lively.
| Spotlight on Services for Accounting Firm Conflicts Asterion, Inc. has extensive experience in Forensic, Valuation and IP services in both dispute and transaction settings. We work with public accounting firms to assist their clients in situations when there are ethical or business conflicts. |