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Deeper Weekend 2014

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  • Adrian Simmons
    Adrian Simmons
  • Bryan Coleman
    Bryan Coleman
  • Greg Kyte
    Greg Kyte
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  • Jason Blumer
    Jason Blumer
  • Jennifer Blumer
    Jennifer Blumer
  • Scott Kregel
    Scott Kregel
Greg Kyte 2I’m not a big fan of the fraud triangle. It’s like ITT Tech. Both make people think they’re smart, but they’re not.

 

You know this stuff. Pressure, opportunity, and rationalization must be present at the same time in order for an ordinary person to commit fraud. Like how bacon, lettuce, and tomato must be present at the same time in order to have a BLT. And just to make it perfectly clear to any ITT grads out there, opportunity is the bacon of the fraud triangle. There’s absolutely no way you could have fraud if there’s no opportunity to commit fraud, just like there’s absolutely no way a BLT could qualify as a real sandwich if you say, “Hold the bacon.” Sorry vegans. Read more
Category:
Fraud
Comments:
4

Jason BlumerEntrepreneurs are so busy, so excited about serving their customers, that they often overlook value deeply embedded in their services. Value is embedded in the processes by which they service customers, price customers, collect money from customers, communicate with customers and practically every other interaction. As a coach, it’s fun to “unearth” that value. But when on your own, you often can’t see it, or don’t even know it’s there.

I call this Veiled Value. And it’s dangerous, because veiled value is no value at all if you can’t request a price for it. One of the greatest strategies firm owners or business owners can do is unearth the value they are delivering, display it before their customers, and effectively communicate that value with an adequate price. Read more

Category:
Pricing
Comments:
4

Jennifer Blumer“Friendship is born at that moment when one person says to another: “What! You too? I thought I was the only one.” C.S. Lewis

Many Thriveal members over the last few years have commented that it has been a relief to find other like-minded CPAs. Thriveal CPAs don’t fit the stereotype. They are great at what they do, but they are also creative. They question the way things have always been done. They aren’t satisfied measuring their value by the minute or the hour. They focus on their customers. They desire to learn, and not only to get their required 40 hours of CPE per year. They are disruptive. Thriveal CPAs don’t just want a good job; they want to love their craft.

But what is it about community? Why do we call ourselves a community and not just a group? Here are the characteristics I find in Thriveal – and the reasons I love these peopleRead more

Category:
Community
Comments:
5
Greg Kyte 2Fraud is awesome. Because if nobody committed fraud, we would never get to find fraud. And finding fraud is the sexiest part of accounting. Sure, that’s like saying the sexiest part of Steve Buscemi is his forearm¹. But at least there’s some part of our job that’s materially sexier than sales tax compliance ².

Unfortunately, we suck at being sexy. It’s embarrassing how seldom we find fraud. Depending on which report you look at, only two to nine percent of fraud is discovered by the external auditor. And all of those studies have a margin of error of two to nine percent. Read more
Category:
Fraud
Comments:
0