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December 9, 2014

This past Saturday, thousands of runners, volunteers, and sponsors gathered to fundraise and promote awareness for St. Jude Children's Research Hospital through the St. Jude Marathon, Half-Marathon, and 5K. Members of our CBIZ MHM Memphis office contributed in various ways to the events -- by running in the half-marathon, participating in the relay, and volunteering.

The CBIZ volunteers were stationed at the water and aid station at mile marker 9, handing out Gu along with preparing water and Gatorade to hand out to the passing runners. St. Jude Children's Research Hospital, located in Memphis, is a pediatric hospital focused on research geared towards the treatment, cures, and prevention of children's catastrophic diseases. 

While the average daily operating costs for St. Jude is $2 million, families never receive a bill for any of the services offered through St. Jude.  Therefore, fundraising events such as the St. Jude Marathon, along with community involvement and support in these events, are all the more crucial. This year's St. Jude Marathon involved an estimated 20,000 participants and raised over $7.5 to date. To learn more about the St. Jude Marathon, or to donate,click here. CBIZ loved getting to work with other members of the Memphis community towards such a worthwhile cause and wishes the best of luck to the fundraising team in their continuing efforts!  To learn more about St. Jude Children's Research Hospital, click here.




December 1, 2014

RoomParticipants wrapped up the CFO & Controller Conference Nov. 12 at the FedEx Institute with a better understanding of the CFO's role in Enterprise Risk Management.

The half-day event included the following speakers:  Dr. John Gnuschke, economics professor at the University of Memphis, as well as Remonde Brangman, Bill SmithMarshal Kline, Josh Finfrock, and John Mulvaney of CBIZ MHM, LLC.

One addition to our line-up was Bill Smith of the CBIZ National Tax Office who gave a legislative tax update. His political update tied in well with Dr. John Gnuschke's broad-based overview of the current economic climate both nationally and globally. Remonde Brangman covered supplier risk management including how to identify and segment internal and external risks, the best treatment, and how to continually monitor those risks. Remonde also noted the recent Home Depot breach was a hack made through a supplier. The "Hidden Risks On Your Balance Sheet" segment included an overview of Abandoned/Unclaimed Property from Marshal Kline, an International/Transfer Pricing update from Josh Finfrock, and a State & Local Tax update from Craig Williams. 

All three presentations covered significant risks to companies that are typically going unnoticed in risk analysis. As a conference wrap-up, John Mulvaney covered Fraud & Risk Assessments through several case studies. Alarmingly, companies show a 50 percent failure to recover rate from fraud because of improper insurance coverage. In terms of fraud assessment and prevention, there is a heightened importance on internal controls and segregation of duties. However, this point could be made for all of the risks covered in our conference, and perhaps is the key takeaway. For further information regarding our Nov. 12th CFO & Controller Conference, check out highlights from Twitter. Additionally, be sure to follow us @CBIZCFOConf for updates and line-ups for our future CFO Conferences.    




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