My new column is up @Going Concern.com
“…I don’t envy today’s professors trying to teach the old-fashioned accounting skills in the electronic environment – closing checklists, regular balance sheet reconciliations, journal entry sign-offs, backup documentation requirements, managerial review of financial statements, and proper reviews and approvals of estimates and analytics. These are the Sarbanes-Oxley and the best practice basics.
Or maybe they don’t teach these skills? It’s a shame if not, because there’s beauty, symmetry and tranquility in knowing that the numbers are right.”
Go here for the rest.