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Year-End Tax Planning Resources

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Top 6 Mistakes to Avoid in Your Lease Accounting Plan

November 20th, 2018|Comments Off on Top 6 Mistakes to Avoid in Your Lease Accounting Plan

Ever since the Financial Accounting Standards Board (FASB) announced new lease accounting standards in 2016, businesses have worked to understand their responsibilities under the revised rules. The new rules apply to all companies. Nonpublic companies [...]

The FASB Clarifies How Nonprofits Should Account for Contributions

November 20th, 2018|Comments Off on 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

November 20th, 2018|Comments Off on 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 [...]

Revenue Recognition Standard Industry Impact