Accounting for Culture

Ever wonder how accounting is done in the Amazonian tribe of Piraha where they have no concept of numbers or counting?  It’s an interesting question, but that’s not really the type of accounting I’m going to discuss in this blog.  Instead, I’m going to discuss how accounting for cultural differences impact our jobs and how operating in a global environment has some unique challenges. First a quick quiz.  What is the percentage of US citizens that have an active passport?  According to Forbes, about 33% of Americans hold a valid passport.  Twenty five years ago that number was less than 3.0%.  Compare that to Europeans, where’s it’s estimated that over 70% hold a valid passport.  Now, to be fair, America Read More

The real value of continuing education for audit departments – part 1

Last year my internal audit department was outsourced and subsequently my entire team was laid off. It is not an uncommon scenario in the industry and many auditors have been through it.  Since then, I have founded my own training and consulting firm, Empower Audit, and most of my former team has scattered to various organizations.  I have stayed in contact with many of them and have at times been both stunned and disappointed at some of the challenges some are facing in their new environments.  As a chief audit executive I believed very strongly in continuing education.  It is what fueled my desire to become a trainer. When doing my annual budget I researched and planned for continuing education Read More

EmpowerAudit is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
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