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 [...]

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 [...]

Conducting a Fitness Assessment of Your Small Business

July 19th, 2016|AGRIBUSINESS, AUGUST 2016, COMMUNITY ASSOCIATIONS, CONSTRUCTION, CONSUMER PRODUCTS, FINANCIAL INSTITUTIONS, GOVERNMENT, GOVERNMENT CONTRACTING, HEALTHCARE, HOSPITALITY, INSURANCE, MANUFACTURING & DISTRIBUTION, NOT-FOR-PROFITS, OIL & GAS, VALUATIONS|

Can you really put a price on the blood, sweat, and tears that went into building your small business? You most likely can. Before you can start your “rest and recovery period” — whether your exit plan is succession to the next generation of family members or sale to the highest bidder — a thorough [...]

Using Internal Controls to Keep a Hit Record of Your Inventory, Part 2

July 19th, 2016|AGRIBUSINESS, AUGUST 2016, COMMUNITY ASSOCIATIONS, CONSTRUCTION, CONSUMER PRODUCTS, FINANCIAL INSTITUTIONS, GOVERNMENT, GOVERNMENT CONTRACTING, HEALTHCARE, HOSPITALITY, INSURANCE, INTERNAL CONTROLS, MANUFACTURING & DISTRIBUTION, NOT-FOR-PROFITS, OIL & GAS|

The first article in our two-part series about internal inventory controls focused on methods of storing and managing inventory (i.e., the physical quantities). This second article examines best practices related to inventory costing controls (i.e., the price component). It is equally important to track the accumulated costs associated with remastering inventory to a sellable condition [...]

Is The CECL Model in the Cards for Your Community Bank?

July 19th, 2016|AUGUST 2016, FINANCIAL INSTITUTIONS|

The Financial Accounting Standards Board (FASB) released a much-anticipated standard that introduces the current expected credit losses (CECL) methodology. The CECL model requires financial institutions to immediately record the full amount of predicted credit losses in their loan portfolios rather than waiting until the losses are deemed probable (as required by the current incurred loss [...]

Corpus Christi’s Ransleben, Senterfitt, Sedwick & Co. Joins Top CRI

July 18th, 2016|NEWS, PRESS RELEASES|

CORPUS CHRISTI, TX – Local CPA firm Ransleben, Senterfitt, Sedwick & Co. has merged with top 25 CPA and advisory firm Carr, Riggs & Ingram, LLC (CRI). The Corpus Christi office now operates under the CRI name and joins a team of more than 1,300 professionals. For nearly six decades, Ransleben, Senterfitt, Sedwick & Co. [...]

4 Apps to Help Keep Your Brain in Top Shape

July 18th, 2016|AUGUST 2016, CRINTEL|

Like our bodies, our brains need exercise to stay strong and help us deliver on life’s demands. While you can’t lift weights with your brain, you can use technology to improve essential skills such as listening, math, memory, and perception. We’ve reviewed four free* brain training apps to keep you on the journey to mental [...]

Winning a Gold Medal for Alternative Payment Model Participation

July 14th, 2016|HEALTHCARE|

Participating in the Olympic Games can create career-defining moments for elite athletes. Similarly, healthcare providers that participate in alternative (or “value-based”) payment models can yield desirable benefits for themselves and their patients. These models are intended to incentivize a greater continuity and coordination of care between providers, leading to better patient outcomes at lower costs. [...]

What’s In Your Bowl of Alternative Payment Model “Alphabet Soup”?

July 14th, 2016|HEALTHCARE|

In January 2015, the Centers for Medicare & Medicaid Services (CMS) “cooked up” an initiative to quickly move the Medicare payment system away from traditional fee-for-service reimbursements and toward those linked to value and quality – including alternative (or value-based) payment models. Most, if not all, healthcare providers are at least partially affected by these [...]

How Your Hospital Can “Slam Dunk” Upcoming Medicare DSH Changes

July 14th, 2016|HEALTHCARE|

For many “safety net” hospitals and facilities with large amounts of uninsured and Medicaid patient volume, Medicare disproportionate share hospital (DSH) payments have long been a vital and irreplaceable component of their overall reimbursement equation. While the Centers for Medicare & Medicaid Services (CMS) has been on the sideline discussing potential changes to the Medicare [...]

The “Blurred Lines” of ALTA Best Practices Compliance

July 14th, 2016|AGREED UPON PROCEDURES, ALTA BEST PRACTICES COMPLIANCE, FINANCIAL INSTITUTIONS|

For years, lenders have felt pressure from regulatory organizations, such as the Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller of the Currency (OCC), to demonstrate that they exercise oversight in how their title agents treat their consumers. Thus, ALTA created a set of best practices that lenders can use as a compliance [...]

Clearing the “High Hurdles” of ALTA Best Practices Pillar 5

July 14th, 2016|AGREED UPON PROCEDURES, ALTA BEST PRACTICES COMPLIANCE, FINANCIAL INSTITUTIONS|

The women’s heptathlon is one of the most grueling events of the Olympics. Heptathletes compete in seven events – including the 100-meter hurdles – to display their athletic prowess and be named the world’s best all-around athlete. The number of points earned by athletes in each event is based on how well they perform compared [...]

Why Satisfying Numeric Benefit Plan Tests Doesn’t Equal Antidiscrimination Regulatory Compliance

July 8th, 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|

The IRS issued a warning to plan sponsors whose plan designs satisfy numeric antidiscrimination tests, yet still have the effect of steering a disproportionate amount of benefits to highly compensated employees (HCEs). The message: Simply satisfying numeric tests doesn’t guarantee that you’re complying with antidiscrimination regulations. The IRS’ Calculations In a recent announcement, the IRS [...]

Providing a Clear View of Lump Sum Window Opportunities

June 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|

There are sound reasons why defined benefit plan sponsors may offer participants lump sum payout windows. Principal among them: lowering the plan’s financial exposure, thereby providing greater long-term financial security to participants who elect to stay in the plan. However, the consequences of accepting a lump sum payout can be good or bad for participants. [...]

Avoid the Trap Set by AMT Triggers

June 28th, 2016|INDIVIDUAL TAX|

The Ambush - A Separate Tax Computation in the Form of AMT In addition to the normal tax calculation taxpayers make, there is a lesser known taxing system called the alternative minimum tax (AMT), which can increase your overall tax bill.  Congress wanted to make sure that certain taxpayers weren’t able to avoid tax under [...]

Tips for Potential Recruits

June 27th, 2016|VIDEO|

What does it take to be successful at CRI? Watch as our team describes what we typically look for in new recruits.

What Sets CRI Apart From Other Accounting Firms?

June 27th, 2016|VIDEO|

As a super-regional firm, CRI has unique qualities that set us apart from other firms. Watch as our employees describe what CRI’s differentiators.

Finding the Right Home/Work Life Balance

June 27th, 2016|VIDEO|

It's important for our professionals to work hard and prioritize their well-being. In this video, learn how CRI supports employees and helps them achieve work-life balance.

New Technology’s Impact on Accounting

June 27th, 2016|VIDEO|

Without a doubt, technology has altered the accounting profession. Bill Carr describes why the CRInnovate program has been launched, plus a few details about our inaugural initiative, the CRI vSTAR™ process. Learn how this virtual audit technology can transform the accounting profession.

Efficiently Connecting Specialists Through the CRI vSTAR™ Process

June 27th, 2016|VIDEO|

David Mills explains the enhanced availability of our industry and services specialists through the CRI vSTAR™ process that utilizes virtual audit technology to leverage the best CRI team members for our clients’ needs.

Create Efficiencies with the CRI vSTAR™ Process

June 27th, 2016|VIDEO|

Watch as Heather Barber describes several benefits of the CRI vSTAR™ process that utilizes virtual audit technology to foster a more efficient engagement.