In early May, the American Institute of CPAs (AICPA) Auditing Standards Board (ASB) released a new Statement on Auditing Standards (SAS). The new SAS, which is entitled Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements, aims to raise the quality of audits in a number of areas, including risk [...]
CRI Partner Scott Bailey is speaking at the 2019 NCCIA Conference on August 22, 2019. The presentation will cover what makes a great captive board of directors and will be followed by a panel of government experts answering key questions about how to build the ideal board of directors.
CRI Partner Steven Lorady was selected to serve as the Conference Committee Chair for 2020 for the Tennessee Captive Insurance Association. We are very proud of Steven for stepping into this role in the industry, and excited for what is to come to TCIA in 2020!
The Tax Cuts and Jobs Act (TCJA) made the following changes to the discounting rules for non-life insurance companies for taxable years beginning after Dec. 31, 2017: repealed the election of a company to use its own historical loss payment patterns for discounting purposes; amended the computational rules for determining loss payment patterns; and established [...]
CRI Partner R. A. Bobbi Hayes will present a break out session at the Construction Management Financial Association's Lonestar Conference in San Antonio, TX on September 19, 2019. The Lonestar Conference is the regional conference for CFMA and includes all the Texas CFMA chapters. Her topic will be Implementing the New Leasing Standards for Contractor [...]
CRI Partner Debbie Goode serves as the Campaign Chairwoman for United Way of Brevard. Their 2019 Workplace Campaign raised $6.9 million which was a 3.4% increase from the previous year. We are proud of Debbie and all of the positive change she is helping facilitate in her community. You can read more about their campaign [...]
CRI Partner Louise Anderson presented a Business and Accounting class for artists of all genres and arts organizations at The Art Studio in St. Augustine Beach, FL on May 23. Her workshop covered topics such as forming an entity (corporation, LLC, partnership, etc.), expense deductions, record keeping, useful tools, and more.
CRI Partner Doug Mims is presenting Currency Transaction Reporting, Documentation, and Monetary Instruments at the Georgia Bankers Association's BSA Experience on Tuesday, August 20, 2019. This experience is designed to take BSA officers, compliance officers, risk management officers, internal auditors, and their teams through all topics that support an effective BSA program. A financial institution is [...]
Governments are continuing to identify new avenues to borrow and are diversifying their debt-issuance practices. One of the newer trends in governments is direct borrowing from banks. These borrowings have led some users of the financial statements to have some concerns about the level of disclosure provided in the notes to the financial statements. Inconsistency [...]
CRI Partners Robert Lemmon and April Shuping will present at the Florida Government Financial Officers Association Annual Conference. This conference is a multi-day event covering a variety of accounting topics that are specifically applicable to governmental entities in Florida. Their session will discuss some key factors to be considered when accounting for estimates and will go into [...]
CRI Partner Christy Cardillo will participate in a panel discussion related to Qualified Opportunity Zones in Sarasota County on April 24, 2019, at 8 a.m. at the Payne Park Auditorium. This will be a general discussion about QOZs. The panel includes Shay Atluru, President/CEO of DTC, Inc. as Moderator; Christy Cardillo; Steven Stancel, General Manager of Economic [...]
CRI Partner Brian Barksdale will speak at the regular meeting of the Trussville, AL Daybreak Rotary Club on April 3, 2019. He will present on fraud in business, focusing on prevention and detection procedures.
Not all organizations are good candidates for the formation of a captive insurance company. In most cases, captives tend to make the most sense for organizations that; are comfortable with managing their risks internally are comfortable with the retention of certain levels of risk have competent risk management professionals in place to lead the captive [...]
What is a captive insurance company? This is a common question and one that can be answered in many different ways, as there are numerous different captive programs and structuring options. Perhaps the simplest definition for a captive insurance company is an insurance company that is owned by its insured(s). Captives are real insurance companies [...]
Healthcare provider captive insurance arrangements represent approximately 15% of the global captive insurance market and are currently one of the largest growing sectors within the captive industry due to the changing risk landscape that healthcare organizations are facing. Approximately 75% of hospitals now have some form of alternative risk management in place for their professional [...]
CRI partner Christy Cardillo will join other Manatee County professionals to present an Informational Session surrounding Opportunity Zones on February 25, 2019. They will present on how the community can benefit from this new tax law, how to invest, and where investments can be made.
CRI partner Brian Barksdale will present Municipal Budgeting: A Balancing Act at the Alabama League of Municipalities Annual Convention on May 6, 2019. He will review the importance of proper financial budgeting for municipalities and the impact on city management decisions and actions.
CRI Partners Robert Coker, Larry May, and Britt Campbell will be presenting at the Construction Financial Management Association's Southeastern Regional Conference on April 26-27 in Chattanooga, TN. Their presentation will focus on fraud in the construction industry.
AML Perspectives Human trafficking is recognized as one of the fastest growing criminal enterprises, and with it comes unique challenges for AML professionals tasked with the detection and related reporting of money laundering red flags. The United Nations Office on Drugs and Crime define human trafficking as “the recruitment, transportation, transfer, [...]
Back to the Basics Often described as a “hybrid arrangement,” cash balance plans are a specific type of defined benefit plan. When a cash balance plan is in place, employees will be eligible for an account that is credited yearly with a contribution that is “employer-funded.” That account is also guaranteed an interest amount that [...]
