Contact Us: 617.694.4600


  • Improve Senior Management Oversight, Control, and Planning
  • Improve Board Governance Process
  • Improve Financial Statement Reporting
  • Improve Budget Process
  • Streamline Accounting Processes
  • Improve Accounting Policies, Procedures, and Controls
  • Improve Efficient Monthly Closing Procedures
  • Prepare Policies and Procedures Manuals
  • Assist In Audit Preparation
  • Remediate Audit Deficiencies
  • Accounting System Conversion
  • Simplify Grant Accounting Procedures
  • Endowment Accounting Procedures


Company Credit Card Problems Can Take You by Surprise

by John Cohen

Company credit card purchases are more often than not potentially serious problems which fall under the radar in most organizations. Virtually every case of embezzlement includes some type of credit card abuse. However, the issue of controls… Continue reading

When It’s Time To Consider A Whistleblower Policy

Useful Advice for Businesses and Nonprofit Organizations

By John Cohen 

The most common characteristic of employee fraud is the sudden realization that “yes, it can happen here”.  It’s a crime that no one in the organization ever expects,… Continue reading

Common Sense Accounting – When Replacing QuickBooks Can Save Time and Money

by John Cohen

QuickBooks has a huge market share of sole proprietors and small businesses/nonprofits, probably well earned because of its simple structure and user friendliness.  But its simple structure and user friendliness also create some of its more… Continue reading

CPA Firm and CFO Join Forces for a Win-Win Situation – A Real Life Experience

 by John Cohen

A CEO I once worked for loved the mantra, “Turn your weakness into strengths.”  He was very successful at it, and I have often used that adage as a guide.  At one of our… Continue reading

Fraud Report from the Trenches – 4 Tips for Boards and Management

by John Cohen
Nonprofit and For-Profit companies continue to have Controllers, CFO’s, and Executive Directors departing from their organizations “under a cloud” (usually a lightning cloud).  This leads us to think one of our Best Value client services is our Internal Control Review of Major Accounting Policies, Procedures, and Controls.  With just a few days work, we provide Senior Managements and Boards of Directors with an independent third party evaluation of their entity’s accounting efficiency, effectiveness, and exposure. Continue reading

Why Nonprofits Should Consider Accounting Procedures Manuals Mandatory

(Boston, MA – August 30, 2011). In the last month alone, the Massachusetts Office of the State Auditor has issued two audit reports highly critical of the operations and internal control of two large agencies receiving Federal and State funds. As a result, the State is asking that hundreds of thousands of dollars be returned. In both situations the audit reports cited internal controls as a major element. Continue reading

Odyssey of Corruption – The Latest Massachusetts Nonprofit Scandal

(Boston, MA) In 2003, I was fortunate enough to be one of a handful of project managers charged with investigating, documenting, and quantifying the largest fraud in the history of the planet, WorldCom. Eventually the fraud reached 10 or 12 Billion dollars, and the CEO was put away for 20+ years. Continue reading

How to Avoid Some of the Most Common (and Expensive) Findings from an IG or State Audit

(Boston, MA – October 16, 2011) An audit by a federal IG (Inspector General) staff or any government audit is under the best of circumstances a disruption to your agency’s operations – sometimes for months – and cause for concern. Even the most assiduous amongst us make innocent mistakes (or incorrect interpretations), and the thought of having to return money spent with good intentions is not pleasant. Continue reading

Making Monthly Closings Quick and Painless

Every accounting department we have ever known is at least one employee short, and monthly closings (if there are monthly closings) too often rely on the Controller’s willingness to work long nights finishing the financial statements in the nick of time. Sound familiar? Continue reading