Clancy Fossum

CEO

Clancy Fossum, CPA, is CEO of the financial consulting firm Embark. Before joining the firm, he spent over 12 years with Deloitte in the Dallas and Austin audit practices, primarily serving public companies in different industries.

Financial reporting

Coronavirus’s impact on Q1 reporting and financial closing

As the world grapples with the escalating impact of the pandemic, a stark realization is now sweeping over accounting and finance teams — they’re the ones who have to figure out how countless uncertainties fit into their reporting and GAAP.

By Clancy Fossum

May 13

TRENDING

Tax

IRA heirs, planners get additional RMD breathing room — again

Financial advisors, tax professionals and their clients get another year to think through potential tax, distribution and trust strategies, according to experts.

By Tobias Salinger

1h ago
Accounting

How local governments can weather a federal shutdown

Even if a program is predominantly funded with federal dollars, there may be other sources of funds from which local governments can draw.

By Jack Reagan

1h ago
Audit

Marcum cites material issues in B. Riley audit

The Los Angeles-based boutique investment bank's audit by Marcum cited multiple material weaknesses in the company's reporting, and some of the previously reported data was revised.

By Todd Gillespie

1h ago