July 19, 2019
FASB Votes to Propose Deferral of Lease Accounting Compliance
On Wednesday, July 17, 2019, FASB proposed delaying the effective dates for four key standards, including extending the lease accounting deadline for private companies and nonprofits to January 1, 2021. There is a 30-day public comment period, but it is highly likely that these proposed delays will pass. Here’s what it means for lease accounting …
July 17, 2019
Despite a Hot IPO Market, Startups Face Tougher Investor Scrutiny
Explosive gains in the immediate aftermath of some recent high-profile initial public offerings suggest a robust IPO market, but the success of a few unicorns is unlikely to translate broadly to the startup sector. As a result, investors have become more selective, and companies seeking public or private funding now need to prove not just …
July 16, 2019
Is CCPA Making Sense of Unstructured Data?
Is the California Consumer Privacy Act (CCPA) forcing your organization to create structure for your unstructured data? Beginning with a full inventory of the personal data companies house, the CCPA puts companies on the path to not only knowing what data they have collected, but also fully understanding and recording how they use or share …
July 8, 2019
Adopting AI While Embracing Data Privacy
Data privacy infringement is among the reasons why organizations hold back from incorporating artificial intelligence (AI) tools into their environments. It is not easy to figure out often-nuanced privacy requirements. The good news is that there can be a marriage between privacy and AI technology for all business types, sizes and revenue thresholds. For companies, …
June 26, 2019
Getting Ready for CCPA: What to Do for Data Inventory
Has your organization recently or almost begun to inventory and map in-scope personal data, along with instances of “selling” data, in preparation for the California Consumer Protection Act (CCPA)? If so, you need insight into the scope of your organization’s processing activities and a true understanding of the value of your enterprise data. This …
June 24, 2019
What Libra Means for Your Business
Libra Blockchain – The Future Is Now The unveiling of Facebook’s cryptocurrency, Libra, stands tall in a line of landmark moments in the tech industry. But what does Libra mean for your business, and why is it important? What are the opportunities and risks, and how should we respond? Blockchain’s Arrival on Main Street For …
Libra’s Impact of the Crypto Industry – The iPhone Moment?
If you are in the crypto industry you undoubtedly have witnessed the most important components of lofty whitepapers left unaddressed. They have left you to read between the lines regarding financial inclusion and there are some very important considerations left untreated (regulatory matters, fiat on-ramping, whether the system will be focused on peer-to-peer payments, or …
Libra Basics – What you Need to Know
A Network Effect Throughout history, money (whether in rare seashells, gold, notes or bits of data), is only “money” when a network effect[1] enables people to trust it as a store of value, a medium of exchange and a unit of account. Rare seashells can operate as money when we are all willing to accept …
June 21, 2019
Operational Planning for Startups: What You Need to Do Now
Operational Planning – For your business to grow, it needs to run efficiently. You also need to avoid regulatory and legal pitfalls in murky areas such as overtime (and there are lots). An accounting system is central to your operations and success. And as workflow is established, there are peripheral and critical workflows you need …
To Attract Investors, Cannabis Businesses Need Strong Processes and Controls
Cannabis businesses that are seeking funding need to show that they are equipped to navigate the industry’s many challenges. Investors want to see that they have a strong operational framework and the right controls in place. Recently, one of the country’s largest vertically integrated cannabis businesses requested our Strategy and Transformation team’s help with …