SkyStem

This is the story of Marc Sporn, who committed healthcare fraud worth $20 million to fund a lavish lifestyle.

A key responsibility for anyone in the finance function is closing  the company books on a monthly, quarterly and yearly basis. And although  to a layperson that may seem like a straightforward process, anyone  with an accounting or finance background knows it’s anything but. Filled with multiple stakeholders and dependencies, the financial  close can be a complicated process f...

This is the story of Michael Kail, an ex-Netflix executive convicted of taking $500K+ in bribes and kickbacks from tech companies for approving streaming contracts with Netflix.

This "Chit Chat" session features Matt Guth, VP and Assistant Controller of Citizens and Farmers Bank (C&F Bank), $2 Billion publicly traded financial institution based in Virginia. Join us as we discuss C&F Bank’s journey to build a month-end close process involving less administrative burden and no more paper.

What are the top indicators of a month-end close process that is not up to snuff?

This is the story of Marie Fulle, the ex-bank manager of Comerica Bank who embezzled over $1 million from a customer over the course of one year.

2022 marks 20 years since the Sarbanes-Oxley Act of 2022 was established. How do retail investors feel about it and how has compliance / audit functions fared?

This is the story of Peter Armbruster, the former CFO of Roadrunner Transportation, who executed a complex securities and accounting scheme that resulted in $245 million of shareholder losses.

This is the story of Kevin McInnis, former CEO at Merida Group, who orchestrated a $150 million healthcare fraud scheme.

This is the story of Kevin Miller, Eam Peng Chou, Mean Peach, Chonnathason Has and Thi Ho, who stole $2.4 million from a Maryland-based company over the course of three years.

This is the story of Luckin Coffee, the Wall Street darling that was ultimately found to have falsely inflated revenues by $300 million.

This is the story of Maryann Stoffel, a 70-year old woman who misappropriated ~$650,000 from the Vermillion Township in Dakota County, Minnesota.

This is the story of Zachary Horwitz and his production company, who allegedly orchestrated a pyramid scheme that raised $690 million dollars.

SkyStem’s Head of Sales and Support, Nancy Wu, and Stock Yards Bank & Trust's Corporate Controller, Derek Slone, explore his team's progression from a manual reconciliation process to one that is automated and modernized.  

This is the story of Suraj Samaroo, who defrauded IKEA out of $400,000 by processing unauthorized customer refunds.

John Kurtzweil joins the SkyStem Podcast to discuss his experience working as the Corporate Controller of MiniScribe in the late 1980's around the time a massive fraud was discovered to have been perpetrated at the company.

This is the story of MiniScribe Corp, whose employees perpetrated massive fraud in the mid to late 1980s.

This is the story of Rita Crundwell, who stole $53 Million from the City of Dixon, Illinois over the course of 22 years (Part 2 of 2).

The Association for Finance Professionals (AFP) sits down with Nancy Wu at SkyStem and Linda Harris at Ichor Systems to discuss modernizing the month-end close process at Ichor Systems. As featured in AFP Conversations podcast.

Headquartered in Indianapolis, CountryMark is an agricultural cooperative firm in the crude oil and oil refinery  business. Nikki Collier, Director of Accounting & Finance for CountryMark, joins us in this webinar to share her experience in automating month-end  close and reconciliations to modernize the process and provide  much-needed organization and accountability to the mat...

This is the story of Rita Crundwell, who stole $53 Million from the City of Dixon, Illinois over the course of 22 years.

Today's case involves a company called Tangoe, an IT Expense Management Company, that was accused of accounting fraud by the SEC along with four of its high ranking executives: Albert Subbloie, Gary Martino, Donald Farias and Thomas Beach.

This is the story of Sheila Jameson, who embezzled $1.8 million from Enersys over the course of 11 years.

SkyStem’s Head of Sales and Support, Nancy Wu, and Aquarion’s Corporate Controller, Deb Kirven, explore the challenges facing today’s finance and accounting function.  Deb and Nancy journey through Aquarion’s decision to evaluate and adopt month-end close automation while touching upon topics such as cloud solutions, change leadership and consensus building.

Established over 100 years ago, Lake Health is a leader in community health care in Northeast Ohio and the largest private employer in Lake County. Join Lisa Mothersbaugh, Director of Accounting at Lake Health, as she shares her team's journey to modernize the close and reconciliation process with the goal of improving overall work quality and reduce financial statement risk.