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 of the more ambiguous facets of the new revenue recognition model that will go into effect for most nonprofits at [...]
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 financial institution’s risk assessment as part of the planning and scoping phase of the examination. In essence, the BSA/AML risk [...]
On October 10, 2018, Hurricane Michael and its 155 mph winds changed life forever in Northwest Florida. Residents of Bay County and Gulf County suffered the worst, with catastrophic damage as a result of the extreme winds and storm surge. Many of these residents live in condominium and homeowner associations, which suffered damage along [...]
CRI Managers Kyle Simpler and Rebecca Graham will be speaking at the Home Builders Association of Alabama Annual Convention on Saturday, November 10, 2018, at the Grand Hotel Golf Resort & Spa. Topics of discussion will include a broad overview of the Tax Cuts and Jobs Act of 2017.
The challenges of BSA/AML compliance continue to evolve for financial institutions as they seek to meet heightened regulatory expectations in areas such as Customer Due Diligence (CDD) or in automating monitoring processes, all while effectively managing the associated cost of ongoing compliance. In the meantime, the Financial Action Task Force (FATF) notes continued diligence in [...]
CRI Partner Jack Kirkland is presenting the Texas Extension Education Foundation's Agriculture Tax Issues Course for CPE credit during the coming weeks. Topics covered include prepaid farm expenses and deposits, demolishing a farmstead, farm depreciation, and more.
The literature is out there; many agencies have published guides on grants management. For example, this website from the U.S. Department of Health & Human Services does an exceptional job in laying out what your organization needs to do both before and after an award. Yet, due to changing requirements, increased oversight, budget cuts, and [...]
CRI Partner Tommie Singleton will be participating in a Women in Public Finance panel for Q&A on the topic of Understanding and Combating Cyberfraud. Tommie will be discussing some of the legal issues for breaches and how to asses cyber threat risks for a particular entity.
Last Updated: October 15, 2018 2:45 PM We hope that our clients and friends have remained safe during this significant weather event. Our thoughts are with all of those who have been affected during and in the aftermath of Hurricane Michael. Our Marianna, Panama City, Panama City Beach, and Tallahassee offices are all still closed [...]
The New Mexico Society of CPAs has selected the 2018 Outstanding Members and Women to Watch. CRI Partner Amy Cherne will be honored with the Woman to Watch, Experienced Leader award. CRI Manager Gwen Mansfield-Vogt will be honored with the Woman to Watch, Emerging Leader award. These awards will be presented at the Pride in the [...]
Join the Carr, Riggs & Ingram (CRI) Albuquerque office in a community collection of new and slightly-used hoodies and coats to benefit students in need during the new school year and coming winter months! These donations will be given to Locker #505, a non-profit organization that serves Albuquerque children. Donations can be dropped off at: [...]
CRI Partner Debbie Goode is serving as the campaign chairwoman for the United Way of Brevard's Annual Campaign. Read more about this fundraising effort in Florida Today.
CRI Partner Byron Shinn will serve among other prominent Gulf Coast business-people on the Presidential Search Committee for the University of South Florida. Read more on the Florida Business Observer.
CRI Partner Doug Mims will be speaking at the Georgia Bankers Association Bank Accountant Conference on October 1, 2018. He will be participating in the Bank Accountants Breakfast Meeting and Hot Topics Discussion.
(Last Updated: October 26, 2018) Hurricane Florence's timing couldn't have been worse for U.S. victims with fast-approaching tax filing deadlines. The IRS has extended upcoming individual and business tax deadlines to January 31, 2019, for Hurricane Florence victims in parts of North Carolina and affected areas. Taxpayers in other localities added later to the list [...]
For firms that want to do business with the Federal Government, it is a good idea to set up their cost accounting to be compliant with federal regulations from the start. The specific need for a compliant accounting system depends on the contractor’s circumstances and contract types. If a firm has or is contemplating bidding [...]
CRI Partner Doug Mims will be presenting at the 2018 Fusion Forum on September 24, 2018. He will be speaking on current trends in enterprise risk management.
CRI Partner Danny Martinez will be speaking at the AGA Dallas Chapter Professional Development Training on October 25, 2018. Danny will be presenting a GASB update and talk about the standards-setting process.
CRI Partner Brian Barksdale will be speaking at the 2018 Governmental Accounting and Auditing Forum on December 6, 2018. The program will include information on all GASB standards as well as guidance on the standards and tips for implementation.