Year-End Tax Planning Resources
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The FASB Clarifies How Nonprofits Should Account for Contributions
Accounting Standards Update (ASU) 2018-08, titled Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made, was released by the Financial Accounting Standards Board (FASB) on June 21. It clears up some [...]
The Continued Importance of Risk Assessment for Financial Institutions
Prevailing FFIEC guidance indicates the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) risk assessment is fundamental to achieving an effective risk-based BSA/AML compliance program. In fact, the FFIEC BSA/AML Examination Manual emphasizes that examiners evaluate the [...]
Top 10 Employee Fraud Myths and How They Put Small Businesses at Risk
Employee fraud is never an easy topic to discuss, but it’s especially hard to talk about with the owners of small businesses, where employees often feel more like family. While it’s counterproductive to spend every [...]
Revenue Recognition Standard Industry Impact
