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Make Giving Your Strong Suit!

Posted By Admin, Monday, July 23, 2018

Make Giving Your Strong Suit!


Help low-income job seekers prepare for career success by donating to Robert Half’s 16h annual Suit Drive! From August 6 through August 17, the Robert Half Boston office will be supporting Dress for Success Boston and other nonprofit organizations that provide disadvantaged job seekers with interview-appropriate attire.


Since its inception in 2002, close to 320,000 items of business clothing have been collected through the Robert Half Suit Drive. Robert Half is a specialized staffing firm our company works with in Boston.


Donations should be new or nearly new women’s suits (pants and skirts), blouses, shoes and accessories, including handbags and jewelry. All donations must be appropriate to wear to work, as well as clean, stylish and in good condition. Please provide all garments on hangers, as they will be made available immediately to job seekers.


Donations can be brought to our Boston office, located at 125 High Street, 17th Floor, Oliver Street Tower, Boston, MA 02110.  The final day to donate is Friday, August 17.


For more information on the drive, please contact Kelly Ryan, Taylor Rothbauer or

Daniel McGinnis at 617-951-4000.

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AAFCPAs Partners Dunk It Out, and Issue a Challenge to Other Companies

Posted By Admin, Monday, July 16, 2018

AAFCPAs Partners Dunk It Out, and Issue a Challenge to Other Companies

At this year’s Summer Outing, my partners and I cooled off as we got dunked by eager team members lined up with their $1s for a shot at striking the target. Our good-natured, yet slightly sinister Dunk Tank was a fun way to provide entertainment for our team, while making a difference at the same time by raising money for a not-for-profit organization in need.


Proceeds Donated to Help SAVE Young Adult Lives

Money raised by our participants will contribute to the mission to help prevent suicide among high-school and college age student populations. Read more.>>


Dave and I challenge you to a #dunktankchallenge! Or, for the faint of heart, combine your team building with another charitable activity. Raise and donate even more money than @AAFCPAs! Tell your Story! This is #MyGivingStory #dunkforsuicideprevention Read more.>>



Carla McCall, CPA, CGMA, Co-Managing Partner, AAFCPAs



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The Future Is Now: How to Help Your Team Navigate Digital Disruption

Posted By Admin, Thursday, July 5, 2018

The Future Is Now: How to Help Your Team Navigate Digital Disruption

Accounting and finance teams sometimes resist change. It’s understandable. After all, accuracy is essential in this field, and major changes to processes and the introduction of new ways of working could create additional stress and lead to costly mistakes.

However, resisting change is futile in an age of continuous and rapid digital disruption. Research conducted for Benchmarking Accounting and Finance Functions: 2018, a special report from Robert Half and Financial Executives Research Foundation (FERF), suggests that the pace of technological change in accounting and finance organizations is accelerating. Many functions are expanding their use of automation and cloud computing — a move often motivated not only by a desire to increase efficiency but also to keep pace with broader digital transformation initiatives underway at the company.

According to the Benchmarking report, accounting and finance functions are most commonly automating processes such as invoicing, data collection, financial report generation, and documentation storage and compliance. Some also see an opportunity to automate more complex processes such as financial planning and forecasting, especially as machine learning and artificial intelligence (AI) technologies continue to mature and become more widely used in businesses.

What can you do as a manager to help your staff successfully navigate and embrace digital disruption — and perhaps, even assist in driving it? Try applying the following four strategies:

1. Explain the impact of the change

Get your team thinking about technological change not as a series of occasional disruptions, but a constant state. Also, instill the idea that this type of disruption can be a positive force rather than something to fear. For example, when adopting a new system or application, make clear how that technology will allow teams to work more efficiently. Further, explain how it will help them find more time to focus on higher-value projects they may find more challenging and interesting.

Paint a picture of how the department will operate post-change. Provide an overview of an average day, and explain what will be different, what will stay the same, and whether and how some job descriptions will evolve. When you help your employees understand how a change in technology will specifically impact their work and daily routine — especially for the better — they will be more likely to adapt to the change faster and with more enthusiasm.

2. Listen thoughtfully to employees’ concerns

Listening to employee feedback is one pillar of successful change management. People on the ground often have the best understanding of how well a certain process is working and what the real impact of a change in technology might be. A good manager will take their staff members’ comments and recommendations into full consideration.

You also need to know how to manage employees' objections to change decisively but gracefully. Some complaints you hear will be valid, while others will be rooted in unnecessary worry or misunderstanding. For instance, your accountants may feel that a manual reconciliation process is the only way to be confident everything is done correctly. However, systems have improved and doing everything by hand is not the best use of your employees’ time, especially as the company grows.

To help counter the fear of change, in this case, you could discuss how automated reporting would work and what plans are in place to ensure accuracy. Then, you could list all the positives, such as leaving more time for analysis and strategy.

3. Encourage staff to maintain relevant skills

Every wave of digital change has an impact on the relevancy of your workers’ current skill sets. So, what technical and nontechnical skills are most important for accounting and finance professionals to possess as their organizations undergo digital transformation? According to the Benchmarking report, strong communication skills, experience with data analytics, and experience with enterprise resource planning (ERP) systems all top the list.

Keep in mind that, for workers, a common fear of technological change is job loss. However, most companies surveyed for the Benchmarking report said digital transformation efforts are not having a significant impact on their staffing levels. Few organizations plan cutbacks, and firms are more likely to expand their teams. Encouraging your employees to maintain in-demand skills will help ensure they keep adding value to your organization as it evolves. And if the business must reduce headcount down the road, the professionals who leave likely will be more marketable to other employers.

4. Provide support after the change

Change management failures are still a possibility after you implement a new system or process. Keep up communication with your employees during this critical time, and ensure they have what they need to succeed. For example, you may find that you need to offer training to some or all team members. Or, you may need to engage extra support, such as consultants with specialized skills and expertise.

Remember, change management is ultimately about people. Your ability to affect change in your business requires the support and involvement of your workers. So, when team members step up to help you and their colleagues through the transition, be quick to acknowledge their efforts. And with each milestone achieved, take time to share and celebrate that success collectively. These are good practices not only for change management but staff management.

This article is provided courtesy of Robert Half Management Resources, the premier provider of senior-level accounting, finance and business systems professionals to supplement companies' project and interim staffing needs. The company has more than 140 locations worldwide and offers online job search services at Follow our blog at  

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AAFCPAs Healthcare eBook: Strategic Guidance for Healthcare Executives

Posted By Karen Regan, Tuesday, June 26, 2018


AAFCPAs Healthcare eBook: Strategic Guidance for Healthcare Executives

Running a healthcare operation was complex even before recent activity shook the industry into a near-constant state of flux. Whether considering the shifting relationship between payers and providers, increased cyber-security threats, outcomes-based models, or any of the seemingly countless concerns, the need for organizations to stay one step ahead of change has never been so great.


At AAFCPAs, we take that goal to heart. Our work in the healthcare space requires us to be vigilant about risks faced by Community Health Centers, behavioral health providers, in-home and senior care facilities, and private medical practices. We frequently delve into subject matter that helps our clients direct their operations, remain compliant, and manage profitability.


In this e-guide, we share our expertise through articles including:


·         AAFCPAs Advises Healthcare Providers to Position Themselves for Change

·         Identifying Strategic Partnership Options for Provider Organizations’ Reimbursement Complexities

·         Best Practices for Complying with HIPAA & Safeguarding Patient PHI Accessible to your Business Associates

·         Denials Management: Best Practices in Improving Revenue Cycle Processes and Monitoring Third-Party Denials

·         Best Practices for Maintaining Your Charge Description Master to Maximize Revenue

·         Revenue Recognition Guidance for Healthcare Organizations


Our guidance is founded on four decades of experience providing healthcare clients with incisive financial knowledge and strategic management advice. As the industry evolves, we embrace the opportunity to continue to collaborate with our clients to help drive financial and operational improvements to make you thrive!


Download AAFCPAs’ Healthcare eBook on Strategic Guidance for Healthcare Executives. >>

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AAFCPAs Commercial Revenue Recognition Guidance Webinar Available OnDemand

Posted By Karen Regan, Monday, June 18, 2018

AAFCPAs Commercial Revenue Recognition Guidance Webinar Available OnDemand

AAFCPAs' Revenue Recognition Guidance for Commercial Businesses Webinar, presented live on Tuesday, June 12, 2018, is now available 24/7 via our website. Access the recording OnDemand here: 

AAFCPAs’ Nicole Zompa, CPAJeffrey Mead, CPA, CGMA and Tracy LeMaire, CPA, MBA provide finance executives with an understanding of how the new standard could impact revenue recognition and company policies, and what they should be doing now to prepare for adoption.

This Revenue Recognition Webinar Covers:

  • An overview of the revenue recognition standard
  • Effective dates and transition guidance
  • The key provisions and impact areas by industry
  • Practical considerations and challenges to IT systems and processes
  • Lessons learned from early adopters
  • Guidance on where you should be in the process for a successful 2019 implementation, and action you should take now

AAFCPAs provides live and OnDemand webinars for busy executives so you may benefit from our knowledge & insights whenever and wherever you may need it. Our library of Webinars OnDemand and AAFCPAs Blog are available 24/7 on

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Are you ready to meet the FASB’s Deadline for Revenue Recognition?

Posted By Karen Regan, Wednesday, May 23, 2018
WEBINAR: Are you ready to meet the FASB’s Deadline for Revenue Recognition?

The deadline is fast approaching in January 2019 for private companies to begin using the new revenue recognition standard. CFOs should be well on their way now to implementing the new standard, including taking action on: understanding accounting and disclosure requirements, gathering contracts for review against the new rules, determining potential system modifications for any new information that may be needed, and communicating as appropriate the impact of adoption to external users of your financial statements.
There is still time to register for AAFCPAs’ live, 1-hour revenue recognition implementation webinar, scheduled for Tuesday, June 12th, 12-1pm.

In this interactive educational webinar, AAFCPAs will provide guidance on the implementation of this complex new standard, including recommendations related to interpretation and situational judgments. Learn more. >>

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CFO to CEO: 4 Tips for Making the Move

Posted By Administration, Friday, April 27, 2018

Publication: FEI
May 2018



CFO to CEO: 4 Tips for Making the Move

For many CFOs, the aspirational next step along their career path is becoming CEO.


It appears many financial leaders are interested in rising to the CEO role: In a Robert Half Management Resources survey, nearly two-thirds (64 percent) of CFOs said they were either somewhat or very motivated to be the CEO at their company.


It’s only natural for CFOs to aspire to the top leadership job. Excellent fiscal management skills, ideas for improving business efficiency and controlling costs, broad and deep economic and business awareness, and experience with investor stakeholder management are just some of the attributes that these executives can bring to the CEO position.


CFOs do face stiff competition for the CEO’s chair. An executive vice president, the chief operating officer (COO) and the chief information officer (CIO) are often contenders, for example. There may be external candidates in the mix as well.


So, if you’re a senior-level financial executive who’s eager to take the helm at your company someday, it’s wise to take steps now that can help improve your odds of being considered for the CEO role when the opportunity arises:

1. Deepen relationships throughout the organization

CFOs are expected to weigh in on a wide range of business matters that their organizations face, from compliance and regulatory issues to internal controls and taxes to major transactions and other significant changes. And in recent years, most CFOs have seen their influence expand beyond the accounting and finance function. However, those in the position of selecting the next CEO may not realize how well-rounded the company’s CFO may be.


Step up your efforts to build a solid understanding of how other teams in the business operate on a day-to-day basis and look for opportunities to help support and collaborate with other top executives in the organization. For example, in many companies today the CFO and CIO work together regularly to make decisions about technology investments and manage risks.


Strengthening your relationship with the firm’s general counsel can be beneficial, too. You can deepen your knowledge of issues such as intellectual property, contracts and business litigation — matters that any CEO should understand well.

2. Prepare your successor

Being indispensable is not necessarily a positive thing when you’re aiming for the next rung on the career ladder. High-performing CFOs could be skipped over for a promotion simply because the organization feels it can’t do without them in their current role.


One way to neutralize this obstacle is to groom a successor, which will help to ensure continuity in the finance department. (It’s important to be proactive about this process, anyway, because it can take time to find and prepare a promising candidate for a leadership role.)

3. Network with other executives

The more industry leaders you have within your circle, the more you’ll learn about accepting the CEO’s mantle. The CEO’s responsibilities are diverse — and heavy. To handle them adeptly requires not only a thorough understanding of the entire organization, as explained earlier, but also the landscape in which the business operates. That includes the company’s industry and key markets, as well as any dynamics — economic, regulatory, technological and more — that could impact its operations.


Successful senior executives stay informed, and keep pace with change, by networking with their peers. Take time to attend or contribute to industry events, get involved with relevant professional organizations, and, of course, cultivate a strong professional network and raise your visibility online by participating in social media outlets such as LinkedIn and Twitter. More than half of CFOs (54 percent) recently interviewed for a survey by our company said staying on top of professional and industry trends is a key benefit of using these platforms.


Consultants can also provide valuable insights and best practices that they’ve acquired through their work for various organizations. So, building a rapport with the consultants your business engages, and inviting them into your professional network, can be well worth the effort.

4. Take on consulting positions

If the CEO job in your organization is not likely to be available anytime soon, or you just want to explore other career options, you might want to consider taking the consulting path, too.


Working as an interim CFO is an opportunity to take on new professional challenges, acquire more knowledge, hone existing skills and expand your network. Your experiences as a consultant could also open the door to new career opportunities. For instance, the exposure and relationships you gain could make you a top-of-mind candidate for a CEO role in the future.


Not every CFO wants to be their company’s leader. But if you’re one who does, it’s important to begin laying the foundation now that can help you reach that top role when the time is right.



Accountemps, a Robert Half company, is the world’s first and largest specialized staffing firm for temporary accounting, finance and bookkeeping professionals. Accountemps has 300 locations worldwide. More resources, including job search services and career advice, can be found at

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Why Finance Executives Should Master and Promote Collaboration

Posted By Karen Regan, Tuesday, March 27, 2018

Why Finance Executives Should Master and Promote Collaboration


Effective workforce collaboration is a priority for any business that wants to build more cohesive and productive teams and drive innovation. But two areas where collaboration really matters, but at times languishes, are at the senior management level and in the finance function.


Obviously, CFOs and other finance executives have an opportunity to improve collaboration in both areas. Mastering collaboration with your peers in the business, as well as encouraging your team to share ideas and skills and work in a more unified way with each other, is good for your organization as well as your career. Here’s why:

Finance leaders help drive business and digital strategy success

In the not so distant past, CFOs and their teams weren’t typically asked to provide input on helping the business set goals and shape strategy — at least, not directly. That’s changing fast, as companies embark on transformative programs like digitalization and automation that require a lot of cross-departmental collaboration, cooperation and coordination.


“Successful financial executives maintain a big-picture outlook and excellent relationship-building skills,” says Tim Hird, executive director of Robert Half Management Resources. “In particular, CFOs are playing a larger role in business transformation and technology investments and driving change management.”


As an example, collaboration between the CFO and chief information officer (CIO), especially in the early phases of IT project planning, can lead to better alignment between finance and IT agendas and understanding of risks. Technology initiatives, from cloud migrations to business systems upgrades, can impact every business unit within companies today. CIO and CFO collaboration can pave the way for smoother integration of new systems and processes and help ensure the business realizes value from those investments and achieves transformation goals.


CFO and CIO collaboration appears to be blossoming in many firms, too: In a recent survey by our company, 41 percent of CFOs said they collaborate very well with the CIO. However, nearly half (46 percent) of CFOs say they collaborate even better with another C-suite colleague: the CEO.

Finance executives collaborate well with chief executives

The fact that CFOs and CEOs are working together well in most organizations is positive, of course. As Hird explains, “A dysfunctional relationship with the CEO, in particular, nearly dooms a company from the start.”


It can also undermine a CFO’s chance to take the reins of leadership at the firm when the opportunity arises. In more businesses today, finance executives are tapped to become the CEO. It’s a job many aspire to: More than 60 percent of CFOs in a Robert Half Management Resources survey said they are motivated to reach this level at some point in their career.


Getting there will depend, in part, on their relationship with other senior executives — and not just the CEO. A CEO needs to be well-versed in all aspects of an organization, including production, sales and marketing, IT, research and development, and human resources. By collaborating with other executives, motivated CFOs can better broaden their business acumen and develop a big-picture mentality. And it wouldn’t hurt to have the support of your peers as you aspire to the top.


The CFO’s relationship with the chairman of the board can also be a factor in whether he or she ascends to the CEO chair. However, according to Robert Half’s research, only 29 percent of financial executives report that they collaborate “very well” with the board chair.


It’s not altogether uncommon for CFOs to struggle to collaborate with board chairs. Says Melissa Shipman, vice president, Managed Business Services, for Robert Half Management Resources, “The board is more removed from business operations but still has high expectations for the C-suite to execute. The CFO is often on point to explain the organization’s results, which may not meet the board’s expectations.”

Tips for improvement

Establishing and maintaining an ongoing and meaningful dialogue with the board, particularly with the board chair, certainly can’t hurt and should be a priority for CFOs. But finance leaders also must prioritize building bonds with other executives.


Shipman says, “CFOs will find their C-suite peers are tuned-in with the day-to-day realities of the business and can collaborate effectively with them.”


To enhance collaboration with those peers, CFOs should:

·        Ask for input. Bring C-suite peers early into key initiatives that are on your plate and ask for their ideas, advice and expertise.

·        Be a resource. Let colleagues know you’re available to provide a financial perspective on key initiatives and discuss your department’s projects and how they affect others.

·        Prioritize information-sharing. Meet with nonfinance executives regularly to give updates on your priorities and challenges. Your peers may have ideas you can implement.

Also, be proactive about networking internally. Make the point to grab lunch or coffee with your peers to build rapport and gain a better sense of how you can work together effectively. Use these meetings to share best practices for building cohesiveness in your respective teams, and for identifying opportunities to cross-collaborate.


This article is provided courtesy of Robert Half Management Resources, the premier provider of senior-level accounting, finance and business systems professionals to supplement companies' project and interim staffing needs. The company has more than 140 locations worldwide and offers online job search services at Follow our blog at 

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The Work-Life Balance To-Do List for Accounting and Finance Leaders

Posted By Karen Regan, Wednesday, January 3, 2018

 January 2018


The Work-Life Balance To-Do List for Accounting and Finance Leaders


An employee’s ability to maintain a healthy work-life balance can have a direct and positive impact on that person's productivity and job satisfaction. It also can help motivate that professional to stay with their current organization for the long term. 

Findings from a recent Robert Half Management Resources survey suggest that many managers understand the importance of helping their employees achieve better work-life balance. More than half (52 percent) of workers interviewed said say they are better able to juggle personal and professional responsibilities today than three years ago. And a strong majority of the respondents — 91 percent — report that their supervisor supports those efforts. 

However, even if you are confident that you already do a good job helping your accounting and finance team to strike the right balance between their professional and personal responsibilities and interests, there’s likely room for improvement. The following to-do list can help you ensure that work-life balance is a top focus for your business in the year ahead:

To-do #1: Ask for feedback

If you want to better understand your employees’ wants and needs, just ask them. If some team members don’t feel comfortable opening up to their supervisor, use a questionnaire with the option to remain anonymous. The more you know about what your employees require for better work-life balance, the more you can help.

To-do #2: Reach out to tenured staff

If you manage a multigenerational team, you may find that employees from different age demographics feel differently about their ability to maintain work-life balance. For example, in our recent survey, twice as many millennial respondents cited improvement in their work-life balance compared to those age 55 and up. 

So, if you have baby boomer team members, you may want to proactively suggest ways that they can achieve better balance. Perhaps they’d benefit from a sabbatical? Or maybe they’d like to gradually cut back their hours and move into a consulting role as they transition into retirement?  

To-do #3: Emphasize outcomes, not hours

When employees put in long hours and sacrifice personal time, you may be tempted to lavish them with praise and even a bonus. Well-intended as these gestures are, they can be counterproductive, as you’re rewarding effort and not necessarily results. Instead, save the accolades and incentives for outcomes, and be quick to recognize staff members who meet their goals through strong technical and time management skills.

To-do #4: Lead by example 

When you email your accounting and finance team on a Sunday or late at night for non-urgent matters, you’re also sending an unspoken message: I’m working on the weekend, and you should, too. No matter how much you talk up the importance of work-life balance, it does no good when your actions say something else. Let your employees enjoy their personal time, free from having to worry about checking messages. 

The same goes for vacations. If you’re plugged into work when you’re supposed to be relaxing, your staff will feel pressured to follow suit during their vacations. 

To-do #5: Urge workers to use their paid time off

Speaking of vacations … some companies still allow their employees to roll over and stockpile their vacation days. That policy may seem like a benefit, but it does your team a disservice. Accounting and finance staff really do need to check out from work periodically. Otherwise, they risk burning out — and you risk losing top performers.

To-do #6: Bring in interim professionals

Not all workweeks are created equal. Year-end, tax season and reporting deadlines can easily overload accounting and finance employees and throw their work-life balance out of whack. One way to support your full-time staff during these stressful work periods is to engage interim professionals who can lend a helping hand.

To-do #7: Give the gift of time

Gifts of time, like an extra vacation day or a Friday afternoon off following a big project or heavy work period, can also help your team to maintain better work-life balance. (No doubt, your workers will greatly appreciate these small but valuable "bonuses.")

And don’t forget about the holiday season. If your company experiences a natural slowdown between Christmas and New Year’s Day, consider closing the office that entire week. That way your team can fully unplug from work, enjoy the holidays, and come back to work feeling recharged and refreshed. 

To-do #8: Communicate and educate

Don’t let “work-life balance” be little more than a buzz phrase at your firm. Find other ways, big and small, to demonstrate to employees that the business takes this issue seriously. Some ideas include:

  • Promoting your company’s work-life balance perks in memos and newsletters.
  • Offering resources to help new parents before and after their leave.
  • Setting up brown-bag lunch sessions to discuss time management and wellness. If your budget allows, consider inviting expert speakers to present on these topics.
  • Maintaining an open-door policy so workers feel free to discuss work-life balance issues with you.

These eight to-dos can help you keep your accounting and finance team’s morale and job satisfaction running high. You can foster a corporate culture where work-life balance is a clear priority — and employees know they have management’s full support to achieve it.

This article is provided courtesy of Robert Half Management Resources, the premier provider of senior-level accounting, finance and business systems professionals to supplement companies' project and interim staffing needs. The company has more than 140 locations worldwide and offers online job search services at Follow our blog at 

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AAFCPAs Welcomes New Partner Janice O’Reilly

Posted By Karen Regan, Wednesday, December 6, 2017
AAFCPAs Welcomes New Partner Janice O’Reilly

O'Reilly-Janice.jpgBoston, MA (December 6, 2017) - AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, valuation, business process, and IT advisory solutions, today announced Janice O’Reilly, CPA, CGMA has joined the firm as partner in the consulting division and head of the Managed Accounting Solutions (MAS) practice.

Janice comes to AAFCPAs with over 30 years of proven experience as a successful finance and business professional. She started her career in public accounting, as an audit manager at Deloitte, and transitioned to private accounting. She has thrived providing strategic and financial consulting services to privately-held and public companies in diverse industries, including: software, technical services, digital media, and professional services. Over the course of her career, she held the roles of CFO, President, COO, Partner and was formerly CFO and Treasurer of TechTarget, Inc. (NASDAQ: TTGT).

AAFCPAs provides right-size, outsourced accounting solutions, from cloud-based bookkeeping to high level CFO deliverables designed to optimize the modern finance function. Janice will lead and deliver CFO-level consulting solutions, including advice on international expansion, foreign subsidiary establishment, growth strategy, IPO, secondary offerings, M&A, joint ventures, capital raising, and investor relationships.

“Janice’s diverse finance and operational management experience makes her a great fit to spearhead our fast-growing MAS practice, and she is perfectly aligned with our culture, mission, and core values,” says Matthew Boyle, partner at AAFCPAs. “She knows how to assess, build and execute the ideal accounting function and her charisma and collaborative approach make her an extremely valuable and exciting addition to our consulting team.”

To learn more about Janice click here.

To learn more about AAFCPAs’ Managed Accounting Solutions practice, click here.

Tags:  Janice O’Reilly 

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