Articles & Videos

Community Bank Vendor Risk: Don’t Roll the Dice

April 15th, 2016|FINANCIAL INSTITUTIONS, GOVERNANCE & RISK ASSESSMENTS|

While what happens in Vegas may sometimes stay in Vegas, when a community bank experiences customer data breaches that typically makes the news. So what steps should a financial institution take to ensure it meets the requirements of the Gramm-Leach-Bliley Act (GLBA)? From loan reviews to service organization controls (SOC) reports, community banks often choose [...]

Obtaining and Understanding a CPA Attestation Assessment Report on Your ALTA Best Practices Compliance

September 22nd, 2016|AGREED UPON PROCEDURES, ALTA BEST PRACTICES COMPLIANCE, AUDITS, REVIEWS & COMPILATIONS, FINANCIAL INSTITUTIONS|

Attaining CPA assurance is an important step in achieving ALTA Best Practices compliance. However, because the Consumer Financial Protection Bureau (CFPB) has not yet issued a public statement in support of ALTA Best Practices, there may be some confusion regarding whether obtaining an attestation certification report to verify ALTA Best Practices compliance satisfies the CFPB’s [...]

Drafting a Five-Star Quality Rating for Your Nursing Home

September 12th, 2016|HEALTHCARE|

Each year, college football coaches scour the country to recruit the biggest, fastest, and most talented five-star athletes. Similarly, long-term care facilities are also in constant pursuit of a much-desired five-star rating. The Centers for Medicare & Medicaid Services (CMS) developed the Five-Star Quality Rating System as a tool for consumers to compare nursing homes [...]

The Premiere of the FASB’s New Standard for Nonprofit Financial Statements

September 9th, 2016|CLIENT ACCOUNTING SERVICES, NOT-FOR-PROFITS|

The Financial Accounting Standards Board (FASB) has rolled out the red carpet for the first major changes to its standards for nonprofits’ financial statement presentation in more than two decades. The new mandate is intended to clarify net asset classification requirements. In turn, users of nonprofits’ financial statements can more easily understand how not-for-profit organizations [...]

Coloring Inside the Lines of Board Governance

September 9th, 2016|GOVERNANCE & RISK ASSESSMENTS, NOT-FOR-PROFITS, VIDEO|

Nonprofits serve a variety of causes, but they all share at least one common element: a board of directors. Watch as Brian Barksdale discusses the role of the nonprofit board -- and how board members can better understand their purpose. Learn more about nonprofit board governance by downloading our CRInsight, The Nonprofit Guide to [...]

The Procurement Standards “Sunrise” for Nonprofit Organizations

September 9th, 2016|AUDITS, REVIEWS & COMPILATIONS, NOT-FOR-PROFITS|

Many organizations that receive federal funding may already be well-versed in the requirements of the Office of Management and Budget’s (OMB’s) Uniform Grant Guidance. Much of the Uniform Guidance, which is also known as a “government-wide framework for grants management,” applies to all federal awards and funding increments to existing awards made on or after [...]

The Fuel Behind the IRS’ Focus on Retirement Plan Internal Controls

September 6th, 2016|AGRIBUSINESS, COMMUNITY ASSOCIATIONS, CONSTRUCTION, CONSUMER PRODUCTS, EMPLOYEE BENEFIT PLANS, FINANCIAL INSTITUTIONS, GOVERNMENT, GOVERNMENT CONTRACTING, HEALTHCARE, HOSPITALITY, INSURANCE, INTERNAL CONTROLS, MANUFACTURING & DISTRIBUTION, NOT-FOR-PROFITS, OIL & GAS|

When IRS examiners check under the hood of many retirement plans, they often find a lack of sufficient internal controls. Even if an IRS audit finds no other problems, the consequences for inadequate retirement plan internal controls can be severe. At worst, hackers could steal the organization’s plan assets. Such a scenario could bring not [...]

Are Passwords Passé?

September 2nd, 2016|AGRIBUSINESS, COMMUNITY ASSOCIATIONS, CONSTRUCTION, CONSUMER PRODUCTS, CYBERSECURITY, FINANCIAL INSTITUTIONS, GOVERNMENT, GOVERNMENT CONTRACTING, HEALTHCARE, HOSPITALITY, INSURANCE, MANUFACTURING & DISTRIBUTION, NOT-FOR-PROFITS, OIL & GAS|

Cybersecurity involves more than creating effective passwords. In fact, some of the most high-profile security breaches of the past two years may not have resulted from weak passwords. Consider the below examples. Target: In 2014, a data breach of Target’s systems exposed 40 million debit and credit card records along with 70 million personal information [...]

Does Your Company Need a Rallying Cry?

August 31st, 2016|AGRIBUSINESS, BUSINESS CONSULTING, BUSINESS SUPPORT, COMMUNITY ASSOCIATIONS, CONSTRUCTION, CONSUMER PRODUCTS, FINANCIAL INSTITUTIONS, GOVERNMENT, GOVERNMENT CONTRACTING, HEALTHCARE, HOSPITALITY, INSURANCE, MANUFACTURING & DISTRIBUTION, NEWSLETTERS, NOT-FOR-PROFITS, OIL & GAS, SEPTEMBER 2016|

Walk into the offices of any Fortune 500 company, and you may see a mission statement — words that define the company’s vision, values, and purpose – prominently displayed. It may be in the lobby. It may be in the boardroom. But you more than likely will find one. Nike’s mission is to “bring inspiration [...]

CRI Hires Jacksonville-Based Regulatory Insurance Specialist

August 30th, 2016|INSURANCE NEWS FLASH, NEWS, PRESS RELEASES|

JACKSONVILLE, FL –Carr, Riggs & Ingram, LLC (CRI), ranked as the 21st largest accounting firm nationally, recently hired Robin Brown as its new senior manager of insurance regulatory services. She is based at CRI’s Jacksonville office. Brown has more than 10 years of experience in the financial services sector with an emphasis on the insurance [...]

Why Fiduciary Duty is Important for Employers of All Sizes

August 29th, 2016|AGRIBUSINESS, COMMUNITY ASSOCIATIONS, CONSTRUCTION, CONSUMER PRODUCTS, EMPLOYEE BENEFIT PLANS, FINANCIAL INSTITUTIONS, GOVERNMENT, GOVERNMENT CONTRACTING, HEALTHCARE, HOSPITALITY, INSURANCE, MANUFACTURING & DISTRIBUTION, NOT-FOR-PROFITS, OIL & GAS|

One recent lawsuit alleging fiduciary duty violations caught the attention of many in the employee benefits business. The filing received considerable attention not because of the nature of the charges, but because it involved a small business. Many large employers have ultimately compensated participants to address similar charges. Let’s take a closer look at why [...]

How CMS’ New Arrival Will Affect Medicare DSH

August 26th, 2016|HEALTHCARE|

The Centers for Medicare & Medicaid Services (CMS) recently published their 2,434-page fiscal year 2017 Hospital Inpatient Prospective Payment System (IPPS) Final Rule. The hospital community eagerly anticipated this new arrival, especially its expected changes to Medicare disproportionate share hospital (DSH) payments. To illustrate the potential impact of the 2017 IPPS rule, we’ve highlighted three [...]

CRI Achieves HITRUST CSF Assessor Designation for Healthcare Organizations

August 19th, 2016|NEWS, PRESS RELEASES|

ENTERPRISE, AL – Carr, Riggs & Ingram, LLC (CRI), ranked as the 21st largest accounting firm nationally, today announced that it has been designated as a HITRUST CSF Assessor by the Health Information Trust Alliance (HITRUST). With this achievement, CRI is now approved to provide services using the HITRUST CSF, a comprehensive security framework that [...]

Affordable Care Act: Employee Notice Program

August 19th, 2016|AFFORDABLE CARE ACT (ACA) COMPLIANCE, HEALTHCARE, VIDEO|

Watch as Martin Copeland outlines the Affordable Care Act's (ACA) Employee Notice Program and explains how this program impacts healthcare coverage in the workplace.

The Flurries of FLSA Changes Coming This Winter

August 15th, 2016|AGRIBUSINESS, BENEFIT PLAN NEWS FLASH, COMMUNITY ASSOCIATIONS, CONSTRUCTION, CONSUMER PRODUCTS, EMPLOYEE BENEFIT PLANS, FINANCIAL INSTITUTIONS, GOVERNMENT, GOVERNMENT CONTRACTING, HEALTHCARE, HOSPITALITY, INSURANCE, MANUFACTURING & DISTRIBUTION, NOT-FOR-PROFITS, OIL & GAS|

December 1, 2016, may or may not bring snow to many parts of the country. However, it will bring the Fair Labor Standards Act (FLSA) final overtime rule. The dramatic changes included in the FLSA final overtime rule could have significant implications for retirement plans. Specifically, the changes affect what forms of compensation employers use to [...]

Transfer Pricing and Not-For-Profits: An Unlikely Match?

August 9th, 2016|INTERNATIONAL TAX, NOT-FOR-PROFITS|

With transfer pricing, the IRS wields the power to adjust a company’s income if the agency believes the revenue may be inflated from tax evasion. Although transfer pricing is usually associated with international tax, there is also an interesting relationship between transfer pricing and not-for-profits. Pairing Not-for-Profits with Taxes A not-for-profit may owe taxes if [...]

To Deduct or Not to Deduct: That is the Business Tax Question

August 8th, 2016|AGRIBUSINESS, BUSINESS CONSULTING, BUSINESS TAX, CLIENT ACCOUNTING SERVICES, COMMUNITY ASSOCIATIONS, CONSTRUCTION, CONSUMER PRODUCTS, FINANCIAL INSTITUTIONS, GOVERNMENT, GOVERNMENT CONTRACTING, HEALTHCARE, HOSPITALITY, INSURANCE, MANUFACTURING & DISTRIBUTION, NEWSLETTERS, NOT-FOR-PROFITS, OIL & GAS, SEPTEMBER 2016|

Shakespeare’s Hamlet  has nothing on Congress. In 1913, the 16th Amendment to the United States Constitution was ratified, ushering in the modern era of individual income taxation.  Long before that, as with Hamlet’s house and Denmark, taxpayers were clashing. It was only natural that tax battles ensued in court as well. Quoted in the opinion [...]

Why Your Tax Vote Counts This Presidential Election

August 7th, 2016|AGRIBUSINESS, BUSINESS TAX, COMMUNITY ASSOCIATIONS, CONSTRUCTION, CONSUMER PRODUCTS, FINANCIAL INSTITUTIONS, GOVERNMENT, GOVERNMENT CONTRACTING, HEALTHCARE, HOSPITALITY, INDIVIDUAL TAX, INSURANCE, MANUFACTURING & DISTRIBUTION, NEWSLETTERS, NOT-FOR-PROFITS, OIL & GAS, SEPTEMBER 2016|

The President of the United States leads our country on many fronts – international trade, immigration, and education to name a few. The President also dramatically influences the economy, especially through tax law. Those influences can have a major impact on us and on future generations. One example of the ability of a president to [...]

4 Meditation Apps for Smooth Sailing

August 6th, 2016|CRINTEL, NEWSLETTERS, SEPTEMBER 2016|

Meditation is an excellent way to regain clarity and awareness of the world around us—which can ultimately improve our efficiencies and help us make better decisions. However, it can be difficult to relax in the midst of our on-the-go lifestyles. Thankfully, mobile devices can efficiently walk us down the path to daily meditation. We’ve highlighted [...]

How the EB-5 Visa Program “Powers Up” Business Projects

July 28th, 2016|INTERNATIONAL TAX|

The EB-5 Visa Program allows foreigners who invest money in the U.S. to receive a green card if they meet certain criteria. Administered by U.S. Citizenship and Immigration Services (USCIS), this program also allows the investor’s spouse and unmarried children under 21 to receive a green card. The EB-5 Visa creates economic outlets not only [...]

Busting 3 Common Individual Tax Return Myths

July 19th, 2016|AUGUST 2016|

Nobody wants to be the target of an IRS audit. Fear of an audit leads taxpayers to believe in myths about what may or may not trigger the wrath of the IRS. Unfortunately, these misconceptions could potentially steer taxpayers toward greater audit risk and a higher tax bill. Below are three widespread individual tax return [...]