Outsourcing: Surprising Ways To Solve Staffing Woes in Accounting

Raiza Kho

Raiza Kho

Director, Tax Services

Outsourcing: Surprising Ways To Solve Staffing Woes in Accounting
Globally, there is a shortage of accounting and finance professionals, and this has implications for businesses. In fact, according to Bloomberg Law, accountants “are leaving their jobs in record numbers, at both corporations and audit firms, joining the broad swath of workers reevaluating what they want from their careers.”
Additionally, fewer college graduates are entering accounting and finance careers. American Institute of CPAs data cited by Bloomberg Law reveals that the number accounting graduates as of 2018 dropped almost 7% since 2012.
Yet the accounting and finance demands for businesses—especially early-stage start-ups and other entrepreneurial companies—are only increasing. New regulations, more competitive global marketplaces, and the explosion of technologies available to invest in have made business accounting and finance more complex and challenging than ever before. As a business owner, outsourcing these services is one way to address these challenges, mitigate your regulatory risks, reduce costs, and ensure you have the professional resources needed to preserve your financial health. 

Check out how Scrubbed can help with your Accounting and Finance Staffing!

The Case for Outsourcing

There are many reasons to choose an outsourcing model over staffing full accounting and finance departments in-house. Like many businesses, you may have a CFO and a small staff of employees in support-level roles. These individuals may be wearing many hats and may not have all the expertise needed to address your financial needs holistically. 
Through an outsourcing model, you can hire people with the exact right credentials for the areas of accounting and finance you wish to address, whether that’s tax preparation, financial planning, budgeting, bookkeeping, or ESG reporting services. When you outsource these vitally important services, you don’t have to worry about investing time and financial resources into hiring and upskilling accounting and finance employees who are in demand and highly compensated.
An outsourcing model also allows you to right-size the accounting and finance staff supporting your business as workloads fluctuate. For example, during the busy season you can staff up to handle the extra work involved in tax preparation and filings. Then you can scale back your contracted accounting teams to save on costs during other times of the year.
Outsourcing finance and accounting services can also help you stay focused on your core business strategies, which is ultimately a better use of your internal resources, expertise, and funding. Plus, the experts you can access through an outsourcing model can serve as your eyes and ears related to regulatory issues governing your business, so you can confidently operate in full compliance with ever-changing tax laws and other regulations.

Also read: Outsourcing Accounting: 5 Tips to Generate Buy-In

Why Partner with Scrubbed

At Scrubbed, we employ more than 800 highly credentialed accounting and finance professionals who are there for you around the clock to handle everything from basic bookkeeping and accounting to financial planning, tax preparation, transaction advisory services, and more.
Our dedicated teams bring decades of financial services experience to your engagement, including with the Big 4 accounting firms, providing the knowledge and expertise you need to truly optimize all your financial resources. As an outsourced accounting team, we maintain a strong culture of learning, our U.S. GAAP- and IFRS-trained professionals are consistently updated on financial accounting methods and on the industry-specific requirements that are unique to your business.
Scrubbed professionals operate in the U.S., the Philippines, and globally, which means your business receives 24/7 support, a strategic advantage that allows you to expedite the processing of financial data, and more quickly gain the operational insights you need to drive innovation profitably.
And because we operate on the principles of integrity, empathy, excellence, openness, and communication, we share your own corporate values, are committed to helping you advance your mission, and treat your growing company as if it were our own. 
See how partnering with Scrubbed can help you achieve the financial advantages your business deserves. Contact us for a free consultation today.

Related Content

Blogs

Setting your Nonprofit up for Financial Success in 2025

Setting your Nonprofit up for Financial Success in 2025

Nonprofits are facing economic shifts, evolving donor priorities, and regulatory changes. That’s why we recently hosted the “Setting your Nonprofit up for Financial Success in 2025” webinar. The session was hosted by James Torrico, Senior Accounting Manager at Scrubbed. It was designed to equip nonprofit leaders, founders, and board members with the tools and strategies needed for success in today’s rapidly evolving environment. Our panelists, Satoshi Steimetz, CFO at Playworks, and Marta Kiesling, Managing Director at Dunleavy & Associates, generously shared their expertise on building financial resilience, managing cash flow, diversifying revenue, and engaging your board for long-term success.Don’t miss out! Tune in to Episode 1 of The Beehive Podcast—Future-Proofing Your Business: Cultivating a Culture of Control.” Discover how to safeguard your organization while fostering trust, integrity, and adaptability.Building Financial Resilience in an Uncertain LandscapeThis year’s economic climate has already posed unexpected hurdles for nonprofits. Grant delays, funding uncertainty, and rising costs make it more important than ever to budget with flexibility and caution. Satoshi Steimetz emphasized the importance of staying informed during these challenging times. “For us to gauge that risk, we have to have conversations with those that are at risk… We’re engaging with consultants who are experts in the field of federal funding. As things change, we are informed about if that’s good news, bad news, or neutral. So that serves as a foundation for identifying the risks.”Marta Kiesling added that nurturing relationships across all revenue channels is vital. “Shoring up those relationships and not only with grant funding but with your other types of charitable revenue channels, major donors, and corporate sponsors is important to make sure you’re in good stead. And you know what the reality is because, for the corporate sponsorships too, there might be some changes as the tariffs hit and their available dollars change, their marketing priorities change.”There are some steps you can take to address these challenges and build more resilience into your financial operations. Our experts suggested:Proactive Cash Flow Management: Cash flow gaps are a common challenge, especially with grant delays or unpredictable disbursements. Satoshi emphasized the importance of long-term forecasting. “I recommend that you look out at a minimum 18 months because things that happen today will affect things that don’t seem important at the moment but will be critical further down the road in terms of lines of credit,” he said. He added that being conservative with revenue assumptions is essential to avoid overcommitting.Marta suggested staying vigilant with receivables and communicating proactively with funders: “We are finding with some of our clients that they may be experiencing delays because other organizations they’re working with may have cash flow issues as well. So, knowing who tends to run late and staying on top of them, making sure they have the documentation they need, is important.”Use Scenario Planning: Marta advised that financial planning should go hand in hand with scenario planning to identify areas where your nonprofit may be overextended or misaligned with current needs. Marta highlighted a nonprofit she’d worked with recently on scenario planning. “They hadn’t really thought about the fact that they had excess square footage and excess geographies and where they had their real estate because the demographics had changed. They were just kind of humming along, and now they have to look at things like that,” she said. “So, wherever you can, reconsider where the dollars are going.”Scenario planning is also valuable for uncovering potential gaps in risk and SOX compliance, helping organizations proactively manage both operational and regulatory vulnerabilities. In some cases, leveraging real estate accounting solutions can further optimize financial strategies tied to property and location-based assets.Build Your Operating Reserves: The panelists advised budgeting for the full cost of operations, including liquidity, reinvestment, and reserves. “Don’t just budget to meet your day-to-day needs,” said Satoshi. “Budget beyond that so that you’re building capacity for your organization.”While it takes time and discipline to establish reserves, doing so will give you greater flexibility and sustainability, especially in times of financial strain.Scaling StrategicallyThe panelists cautioned nonprofits against scaling too quickly. It’s crucial to approach scaling with strategic intention and financial discipline. “What often triggers rapid expansion is that a source of funding landed in your lap,” explained Satoshi. “But you need to separate the impact of that restricted grant and still understand what your operations are doing for you.” In other words, nonprofits must resist the temptation to scale just because the money is available. Instead, leaders need to evaluate whether the growth opportunity aligns with their core mission and whether your infrastructure can support it long-term.Marta echoed this point. “You don’t want to experience mission drift based on a financial opportunity,” she said. “It really needs to serve the needs of your constituents. Why are you in business? What gap are you trying to fill?”Diversification also plays a role. Marta described a nonprofit that expanded its programs because it could tap into earned revenue. “Because there was an earned revenue component they could capitalize on, it wasn’t all going to lean on the charitable revenue side,” she said. “The opportunity to scale that earned revenue piece made a lot of sense for them.”Outsourcing for Flexibility and Expertise“Rather than carrying significant headcount, you can provide [flexibility] by outsourcing some of the typical functions that an organization needs,” Satoshi said. “In our case, Scrubbed is one of the tools we use to outsource. I have the flexibility to spend more, spend less depending on the needs of the organization, and don’t have to deal with the pain of hiring and laying off.”Marta echoed the benefits, especially for smaller organizations: “There are some outside accounting firms that do specialize in small nonprofits and do the outsourcing of the controller role, and we’ve seen some great success. It can be much less expensive than hiring.”Diversifying Revenue Streams for Long-Term StabilityIn the Q&A section of the webinar, Revenue diversification emerged as the top financial challenge for attendees. Marta encouraged them to look at the whole picture, saying, “The right mix depends on the organization, and the right mix today may not be the right mix down the road.” She advised starting with your existing relationships and data: “You might start by looking at your existing data to see where you have the easiest inroad or the lowest hanging fruit… and slowly, strategically use your time to build out the sources.”She also highlighted the growing potential of donor-advised funds (DAFs) and the importance of relationship-building: “All of this takes time. Anything on the charitable revenue side, whether it’s grant writing, cultivating and stewarding donors, or corporate sponsorships, is relationship building and takes time.”Satoshi noted that true diversification is more than balancing grants and earned income. “I’m making sure that we have diversification across various revenue streams with various services in terms of where and who we sell to,” he said. “And the same thing on the fundraising side – do I have diversification in terms of individual donors versus corporate donors versus grants?”Engaging Your Board in Financial SuccessFrom financial oversight to fundraising support, board members play a pivotal role in an organization’s financial health and both Marta and Satoshi noted that this can be hard for board members. Finding out where board members are most comfortable and creating scripts or specific assignments can be helpful.“We provide tools in the form of a script and opportunities for role-playing,” said Satoshi. “Just because they’re board members and have power and success doesn’t mean they’re comfortable making that ask.” This is where expert guidance, such as corporate finance advisory, can help strengthen board members’ financial understanding and confidence in fulfilling their roles.Bonus Tip: Don't Be Afraid to Ask for HelpExpert support doesn’t always come at a high price. Marta shared that Dunleavy & Associates offers “Dunleavy Days” where they offer an hour of free thought partnership. She also recommended looking for capacity-building grants or tapping board members who might fund specific needs like financial consulting.As Satoshi noted, “During stressful times, board members are often willing to provide additional resources to support a specific cost. So that might be an opportunity to find out if they’re willing to learn more about the risks facing the organization.”

Read More >
Blogs

The Extension and Phase-down of Investment Tax Credits for Cleantech

The Extension and Phase-down of Investment Tax Credits for Cleantech

Traditionally, the Investment Tax Credit (ITC) for cleantech businesses has operated as a government-backed financial springboard designed to lower the upfront costs of adopting sustainable technologies. It’s a reimbursement program in which businesses receive a direct reduction in their federal tax bills—equivalent to a percentage of their capital investments in qualifying clean energy projects.For decades, this incentive has targeted specific technologies like solar panels, wind turbines, and geothermal systems, effectively refunding a meaningful percentage of eligible expenditures to accelerate adoption. This targeted approach has been foundational in scaling renewable energy infrastructure.However, the landscape of clean energy tax incentives is undergoing a significant transformation thanks to the Inflation Reduction Act of 2022. According to the EPA, Starting January 1, 2025, the Inflation Reduction Act replaces the traditional PTC with the Clean Energy Production Tax Credit (§1 3701) and the traditional ITC with the Clean Electricity Investment Tax Credit (§ 13702).These tax credits are functionally similar to the ITC/PTC but are not technology-specific. The IRA has extended the PTC and ITC, introduced new provisions, and created sections 45Y for PTC and 48E for ITC, including additional provisions for clean energy investments.In this article, we’ll cover the changes that affect Investment Tax Credits (ITC). Information about the changes to Production Tax Credits can be found in the companion article The Extension and Phase-down of Production Tax Credits for CleantechKey Changes and Extensions in the Investment Tax CreditThe following are key changes in the ITC that cleantech businesses need to be aware of, along with actions that companies can take to prepare for the introduction of the new credit:1. Extension of Transition Processes:Notice 2024-84: This notice extends the transition process for claiming statutory exceptions to the elective payment phaseouts for clean energy projects that fail to satisfy domestic content requirements. The deadline for beginning construction has been extended to January 1, 2027, or until further guidance is issued.Action:Submit Attestations: Ensure that attestations regarding the Increased Cost Exception and the Non-Availability Exception are submitted for projects beginning before the new deadline. These attestations must be signed by a person with the legal authority to bind the entity in federal tax matters and attached to the relevant forms (e.g., Form 8835, Renewable Electricity Production Credit; Form 3468, Investment Credit).2. Beginning of Construction Requirements:The Physical Work Test and Five Percent Safe Harbor: To establish the beginning of construction, businesses can either begin physical work of a significant nature or pay/incur 5% or more of the total project cost.Action:Document Construction Activities: Maintain detailed records, including contracts, physical work certificates, photographic evidence, and engineering reports to substantiate the beginning of construction before the deadline.Meet Continuity Requirements: Ensure continuous efforts or progress towards completion once construction has begun. Projects must be placed in service by the end of the year that includes the fourth anniversary of the construction start date.3. Domestic Content Requirements:IRS Notices 2023-38 and 2024-41: These notices provide guidance on the domestic content bonus credit requirements, including classifying project components and calculating domestic cost percentages.Action:Elect Safe Harbors: Consider using the New Elective Safe Harbor to classify project components and calculate domestic cost percentages. This safe harbor simplifies compliance by providing predefined cost percentages for various components.Certify Compliance: Submit a Domestic Content Certification Statement with the relevant tax forms to certify that the project meets the domestic content requirements.4. Energy Community Bonus Credits:The Inflation Reduction Act allows for increased credit amounts or rates if certain requirements pertaining to energy communities are satisfied. There are three categories of energy communities:Brownfield sitesCertain metropolitan statistical areas and non-metropolitan statistical areas based on unemployment rates (MSA/non-MSA)Census tracts where a coal mine closed after 1999 or where a coal-fired electric generating unit was retired after 2009 (and directly adjoining census tracts)Action:Identify Eligible Locations: If your project is located in an energy community, you might qualify for extra tax credits.Document Eligibility: Maintain records to substantiate the project’s location in an energy community, including maps, employment data, and local tax revenue information.5. Prevailing Wage and Apprenticeship RequirementsThe prevailing wage requirements of the IRA provide that taxpayers must ensure that all laborers and mechanics employed by the taxpayer (or any contractor or subcontractor) on the construction, alteration, or repair of a qualified facility are paid wages at rates that are not less than the prevailing rates determined by the Department of Labor.The apprenticeship requirements of the IRA include three components — a labor hours requirement, a ratio requirement, and a participation requirement. Under the labor hours requirement, the taxpayer must ensure that a minimum percentage of the total labor hours performed on the construction, alteration, or repair of a facility are performed by qualified apprentices from a registered apprenticeship program.Action:Ensure Compliance with Wage Rates: Verify that laborers and mechanics are paid wages at rates not less than the prevailing rates for construction, alteration, or repair in the locality as determined by the Secretary of Labor.Meet Apprenticeship Requirements: Ensure that a specified percentage of total labor hours are performed by qualified apprentices and that the project complies with apprentice-to-journey worker ratios.Maintain Records: Keep detailed records of wage payments and apprenticeship participation to demonstrate compliance with these requirements ​.6. Direct Pay and TransferabilityAs part of the IRA’s overhaul, direct pay is now available for tax-exempt entities, such as state and local governments, rural electric cooperatives, and tribal communities. This allows these entities to claim ITC without needing to pay taxes. Additionally, businesses can transfer their credits to other taxpayers (e.g., investors), improving liquidity and financing options​.ITC Transitions to Zero-emission ProvisionsThe introduction of zero-emission provisions in 2025 will significantly change how ITC operates compared to the current system. Here are the key differences:Technology-Neutral FrameworkStarting in 2025, the system will transition to a technology-neutral model. This new framework focuses on zero-emission facilities rather than specific technologies. Projects must demonstrate zero greenhouse gas emissions to qualify, with special provisions for facilities using combustion or gasification technologies.Impact Across SectorsEnergy ProductionEligibility for Credits: Energy production businesses must ensure their facilities have a greenhouse gas (GHG) emissions rate of zero to qualify for the clean electricity investment credit. This includes facilities that generate electricity through combustion or gasification, which must account for lifecycle GHG emissions as described in the Clean Air Act.Expansion and Incremental Production: Businesses can expand existing facilities or add new capacity to qualify for the credits.Credit Phaseout: The credit phaseout begins in the later of either 2032 or the year in which the Secretary determines that annual GHG emissions from electricity production in the U.S. are equal to or less than 25% of the 2022 levels.Waste ManagementCarbon Capture and Sequestration: Waste management businesses involved in energy production through waste-to-energy processes must ensure that any GHG emissions are captured and sequestered to meet the zero-emissions requirement. Section 45Y(b)(2)(D) specifies that GHG emissions do not include any qualified carbon dioxide that is captured and disposed of in secure geological storage or utilized in a manner described in section 45Q.Lifecycle Emissions: For facilities producing electricity through combustion or gasification, the GHG emissions rate must account for lifecycle emissions, which include emissions from feedstock generation or extraction through the point of production.Electric Vehicle (EV) ManufacturingSupply Chain and Critical Minerals: EV manufacturers are impacted by the requirements for critical minerals in battery production. Section 45X(c)(6) outlines the need for critical minerals to meet certain purity levels, and manufacturers must ensure that these minerals are sourced and processed in compliance with the statutory requirements.Consumer Education and Market Impact: The transition to new credits under sections 45Y and 48E may require consumer education to help buyers understand how these credits affect their purchase decisions. This is particularly relevant for EV manufacturers who need to communicate the benefits of the credits to potential customers.Opportunities for Cleantech CompaniesThe new production and investment credits significantly enhance project valuations and financial viability. The ability to transfer credits or receive direct payments provides additional flexibility for project financing.Increased Investment in Clean Technologies: The broad applicability of the credits to various clean technologies can drive increased investment and innovation in the sector, providing opportunities for businesses to develop and deploy new clean energy solutions.Expansion and Retrofitting of Existing Facilities: The credits allow for expanding and retrofitting existing facilities to increase electricity production, which can be a cost-effective way for businesses to enhance their clean energy output.Leveraging Bonus Credits: Projects located in energy communities, low-income communities, or on tribal land and those meeting domestic content requirements can benefit from additional credit amounts, making these projects more financially attractive.: Projects located in energy communities, low-income communities, or on tribal land and those meeting domestic content requirements can benefit from additional credit amounts, making these projects more financially attractive. Looking Ahead How The phaseout of these credits is scheduled for 2032 or when U.S. electricity sector emissions fall by 75% from 2022 levels, whichever occurs later. Companies should plan their project timelines accordingly to maximize available benefits.The transformation of clean energy tax credits represents a significant shift toward technology-neutral, emissions-based incentives. Success in this new framework requires careful planning, thorough documentation, and strategic positioning of clean energy projects.Scrubbed Can HelpThis article outlines the changes and potential opportunities brought about by the new framework, but it isn’t comprehensive, and each business will have to evaluate its own eligibility for the revised credit. At Scrubbed, we have deep experience in the cleantech and renewable energy industries, as well as offering specialized biotech accounting services and fractional CFO services, and have helped clients establish a firm financial foundation and maximize credits and incentives.Contact us to discuss how we can help your cleantech business prepare for the changes to the ITC with our SaaS accounting expertise.Key TakeawaysInvestment Tax Credits (ITC) are Changing: Starting January 1, 2025, the traditional ITC will be replaced by the Clean Electricity Investment Tax Credit (§13702) and the Clean Energy Production Tax Credit (§13701). These new credits are technology-neutral and include additional provisions for clean energy investments.Significant Changes and Extensions:Extension of Transition Processes: The transition process for claiming statutory exceptions to the elective payment phaseouts for projects that fail to satisfy domestic content requirements has been extended. The deadline for beginning construction has been extended to January 1, 2027, or until further guidance is issuedBeginning of Construction Requirements: To establish the beginning of construction, businesses can either begin physical work of a significant nature or pay/incur 5% or more of the total project cost.Domestic Content Requirements: New elective safe harbors simplify compliance by providing predefined cost percentages for various components.Energy Community Bonus Credits: Increased credit amounts are available for projects in energy communities.Prevailing Wage and Apprenticeship Requirements: Compliance with wage rates and apprenticeship participation is necessary for higher credit amounts.Direct Pay and Transferability: Tax-exempt entities can now claim ITC without needing to pay taxes, and businesses can transfer their credits to other taxpayers, improving liquidity and financing options.ITC Transitions to Zero-emission Provisions: Introducing zero-emission provisions in 2025 will significantly change how ITC operates compared to the current system across multiple aspects.Technology-Neutral Framework: Starting in 2025, the system will transition to a technology-neutral model, focusing on zero-emission facilities rather than specific technologies.Opportunities for Cleantech Companies:Increased Investment in Clean Technologies: The broad applicability of the credits can drive increased investment and innovation in the sector.Expansion and Retrofitting of Existing Facilities: The credits allow for expanding and retrofitting existing facilities to increase electricity production.Leveraging Bonus Credits: Projects in energy communities, low-income communities, or on tribal land can benefit from additional credit amounts.Looking Ahead: The phaseout of these credits is scheduled for 2032 or when U.S. electricity sector emissions fall by 75% from 2022 levels, whichever occurs later.Further Guidance and UpdatesDetailed Regulations and Guidance: The IRS and Treasury are expected to issue further detailed regulations and guidance on various aspects of sections 45Y and 48E, including the calculation of emissions rates, the specifics of the direct pay and transfer options, and the procedures for petitioning for provisional emissions rates.Public Comments and Hearings: The IRS has requested public comments on the implementation of these credits and has scheduled public hearings to gather input from stakeholders. This ongoing dialogue may result in further refinement to the regulations.Annual Updates to Emissions Rates: The annual publication of emissions rates for different facility types will be a critical component of the ongoing implementation of these credits, providing taxpayers with the necessary information to determine their eligibilitySources:IRS Guidance on Inflation Reduction ActU.S. Treasury IRA Resource HubIRS Domestic Content Bonus Guidelines:Section 45Section 48Section 45YSection 48Ehttps://www.taxnotes.com/tax-notes-federal/code-and-regulations/itc-proposed-regs-bring-sweeping-updates-and-new-questions/2023/12/18/7hp39https://www.taxnotes.com/tax-notes-federal/credits/what-will-tech-neutral-credit-regs-look/2024/03/18/7j9l8https://www.taxnotes.com/tax-notes-federal/credits/tech-neutral-energy-credits-get-jolt/2024/06/10/7k986https://www.taxnotes.com/tax-notes-federal/energy-taxation/irs-guidance-amps-clean-electricity-tax-credit-flexibility/2024/06/03/7k80qhttps://www.irs.gov/pub/irs-drop/n-24-48.pdfhttps://www.federalregister.gov/documents/2024/06/03/2024-11719/section-45y-clean-electricity-production-credit-and-section-48e-clean-electricity-investment-credithttps://www.irs.gov/pub/irs-drop/n-22-49.pdf

Read More >
Blogs

Future-Proofing Your Business: Cultivating a Culture of Control

Future-Proofing Your Business: Cultivating a Culture of Control

In an ever-evolving business landscape, staying resilient means staying in control. The premiere episode of The Beehive Podcast, “Future-Proofing Your Business: Cultivating a Culture of Control,” dives into this critical topic with host William and Risk Advisory experts Matthew Gopez and Jizzalyn Cruz. They break down how businesses can strengthen their internal controls to navigate cyber threats, adapt to shifting data privacy laws, and meet regulatory requirements with confidence. As risks continue to rise, establishing a culture of control isn’t just a best practice, it’s a necessity for long-term success. Why Internal Controls Matter In the face of growing risks—ranging from cybersecurity breaches to complex regulations—internal controls are no longer just a safety net. They’ve become a vital strategy for survival. As Matthew Gopez explains, “Internal controls are the foundation of an organization’s integrity and reliability.” These controls go beyond traditional financial safeguards to include systems that protect digital assets, streamline operations, and enhance stakeholder trust. Whether you’re a startup courting investors or a large enterprise aiming to reassure shareholders, strong internal controls are key to future-proofing your business. Many industries, such as those requiring biotech accounting services, rely heavily on reliable controls to maintain compliance and trust.Explore how our Risk Advisory Team can help enhance your business’s internal controls.Cultivating a Culture of ControlA culture of control ensures that values like accountability, transparency, and ethical decision-making are woven into every aspect of your business. When integrated into daily operations, internal controls not only mitigate risks but also reinforce trust and reliability. This applies whether processes are handled in-house or by an outsourced accounting team, which must also align with your company’s standards and values to maintain consistency and integrity. Matthew emphasizes, “Controls at the executive level promote honesty and integrity, embedding a culture of reliability into the business’s core.” Startups can embed these practices early on, while established companies can leverage dedicated teams to ensure systems remain effective and adaptable. Strong internal controls create a resilient business prepared for unexpected challenges in both cases. Companies pursuing ESG reporting services also benefit from embedding strong control frameworks that ensure accuracy and transparency.Read more about disclosures on cybersecurity risk management here.Future-Proofing Through Internal ControlsStrong internal controls are the backbone of a resilient business, enabling leaders to navigate crises such as data breaches, audits, or economic disruptions. These controls provide structure and confidence, allowing businesses to manage risks effectively while sustaining growth. As Jizzalyn Cruz notes, “Internal controls protect the organization from harm and support long-term growth.” By proactively addressing risks, businesses not only safeguard their operations but also build trust with clients and investors who value reliability.Watch this video on Risk Advisory to see how we approach risk management for CPA Firms.Why Listen to Episode 1?This episode offers actionable insights, including: The Importance of Internal Controls Cultivating a Culture of Control The Business Benefits of Strong Controls Overcoming Barriers to Control Implementation Leveraging Internal Controls for Business Continuity Best Practices for Control Optimization

Read More >

Links

Contact Information

SF Bay Area Headquarter
111 Anza Boulevard, Suite 320, Burlingame, CA 94010, United States

Phone: (800)837-5160
Email: [email protected]

"Scrubbed" is the brand name under which Scrubbed Advisory, LLC and Scrubbed Assurance LLP provide professional services. Scrubbed Advisory, LLC and Scrubbed Assurance LLP practice in an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. Scrubbed Assurance LLP is a licensed independent CPA firm that provides attest services to its clients, and Scrubbed Advisory, LLC provides tax, finance, and support services to its clients. Scrubbed Advisory, LLC is not a licensed CPA firm.

Copyright © Scrubbed. All rights reserved.