Fall 2012 issue of Horizons

CHAIRMAN'S CORNER

Managing Organizational Risk Over 60 Years by Jim Castellano, CPA

R ubinBrown is proud to celebrate our 60th anniversary in 2012. Anniversaries are common times to reflect on the past and look forward to the future. So I am taking this opportunity to do just that. Looking back, I feel very privileged to have spent the past 39 years, my entire professional career, as a member of our firm. Of course there have been remarkable changes in our profession, our marketplace, our local, national and global economies and in our firm over that time.

Reflecting on these changes and where RubinBrown is today raises the question, “How has RubinBrown managed to grow and prosper through periods of such dramatic change?” The answer is simply, managing risk by being true to a set of core values. One of the most dramatic and traumatic periods affecting our profession and the capital markets over the past 60 years was the crisis commonly referred to as the “Enron Crisis” of 2001-2002.

During that period, I had the distinction of serving as Chairman of the Board of the American Institute of CPAs. As chairman, I experienced the crisis first hand and participated in creating solutions to restore confidence in our profession and capital markets.

RubinBrown Chairman Jim Castellano testified before Congress in 2002 during his time as chairman of the American Institute of CPAs.

What I learned during that crisis is that Enron and other well-known companies failed to appropriately manage risk. In fact, the tone at

RubinBrown Core Values

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Superior Quality & Service

Devotion to the People of RubinBrown

Teamwork Objectivity & Integrity

page 6 | horizons Fall 2012