Lately, we are seeing an increased level of interest in Risk Participation Agreements (RPAs) by our clients. In simple terms,

Lately, we are seeing an increased level of interest in Risk Participation Agreements (RPAs) by our clients.

On April 27, 2016, the FASB met and voted to proceed with the issuance of CECL and they expect the final ASU to be published in June 2016.

On May 28, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers.

In an effort to better assess the impact on regulatory capital and the regulators' assessment of earnings of our banking clients of two new accounting standards, Accounting Standards Update No. 2016-01 Financial Instruments-Overall, and Accounting Standards Update No. 2016-02 - Leases (ASU 2016-01 and 2016-02), we recently spoke with personnel in the Boston and New York Regional FDIC offices.

In an effort to reduce their tax burden, several of our clients have invested in partnerships or LLCs that operate solar or other renewable energy power facilities.

The FDIC recently updated its information technology and operations risk (IT) examination procedures to include an integrated assessment of an institution's cybersecurity preparedness.

Electronic health records (EHRs) replace traditional paper medical records with computerized recordkeeping to document and store patient health information.

The IRS Tax Exempt/Governmental Entities (TE/GE) Joint Council met on February 26, 2016.

On August 2, 2016, the U.S. Department of the Treasury released proposed regulations under Code Sections 2701 and 2704.

Companies have always been valued primarily on a monetary basis, with success measured based on the strength of their balance sheets and cash inflows and outflows reported in their financial statements.

In July 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2015-12, Plan Accounting: Defined Benefit Pension Plans (Topic 960)...

In May of this year the AICPA released SSAE No. 18, a new Attestation Standard which will be effective for any attestation engagement opinion occurring on or after May 1, 2017.

Many scenarios create the need for a company to obtain an actuarial valuation.

CMS has also proposed changes to the 2017 factor 3 percentage, which is what determines each hospital's allocation of the uncompensated care pool proposed to be $6 billion in fiscal year 2017.

Recent updates to the FFIEC Management booklet contained within the IT Handbook contain several significant changes that, while easily overlooked, speak to the evolving nature of the IT best practice for financial institutions.

A fundamental but sometimes overlooked aspect of implementing a non-qualified deferred compensation (NQDC) plan is the issue of FICA payment.

On March 31 2017 the Financial Accounting Standards Board (FASB) adopted a new Accounting Standards Update (ASU)...

The equity method of accounting is required for investments when the entity can influence the operating or financial decisions of the investee.

Last summer, we provided an update from the IRS clarifying that it now believed 220,000 records were compromised, and 390,000 total attempts were made.