Ryan Parish, CPA, Supervisor, Assurance Services

Ryan Parish was invited to join LGT after completing an internship in 2012. He began working on audits and reviews for various clients and industries until he found his passion in the Not-for-Profit and Manufacturing & Distribution industries. He is now a Senior in the Assurance Services department. His role at LGT is to plan and execute engagements, train staff, prepare, review and present final deliverables to management and boards of directors.

Recent Posts

The latest on occupational fraud: Who the perps are

Occupational fraud is an unfortunate reality for just about every employer, nonprofit organization or otherwise. But you might be able to reduce the risk of costly losses if you understand some of the common traits of fraud perpetrators. The 2016 Report to the Nations on Occupational Fraud and Abuse from the Association of Certified Fraud Examiners ("ACFE") provides some useful insights on these characteristics.

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Topics: Accounting Tips, Not-for-Profit, Tax, Audit

How manufacturers can bridge the cash gap

Accounts receivable is often one of the most significant assets on a manufacturer’s balance sheet.  However, the faster you’re able to convert receivables to cash, the sooner you’re able to pay suppliers, employees, and lenders — and the less likely you’ll be to draw on your line of credit to make up for working capital shortfalls.

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Topics: Manufacturing & Distribution, Accounting Tips, Tax, Audit

Protect your future with solid operating reserves

Operating reserves aren’t a luxury — they’re a necessity for financially savvy nonprofits. Organizations without adequate operating reserves leave themselves vulnerable to the financial instability and damaged reputation that interruptions in incoming revenue might bring.

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Topics: Accounting Tips, Not-for-Profit, Audit

Inventory Fraud

Knowledge Is Your First Line of Defense

Inventory is one of the biggest assets on a manufacturer’s balance sheet. It’s also one of the hardest assets to measure and track. Thousands of transactions flow through the inventory account each year—and many of these journal entries require subjective estimates, such as overhead allocations, write-offs, and valuation adjustments. In addition, many employees have direct daily access to inventory or inventory accounting records, providing an ongoing temptation to steal or cook the books.

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Topics: Manufacturing & Distribution

Does Your Board Understand Budget-Speak?

Although budget approval is one of the more important roles played by a not-for-profit’s board of directors, not every board member is a savvy businessperson used to budget work. At least some board members might be unfamiliar with key budget terms. And there’s even a greater chance that they’re reluctant to admit clarification is needed.

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Topics: Not-for-Profit