Financial Services

INSIGHTS

Unclaimed Property and Spring Reporting Due Dates Beginning March 1

Unclaimed property refers to certain types of “intangible property” (such as uncashed checks, securities, refunds, customer overpayments, etc.) that a business owes to its employees, customers, vendors, creditors, or shareholders where there has been no activity/contact with the owner of the property for a specified period of time (“dormancy period”).

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4 Reasons Private Companies Should Care About ESG

By now, ESG is an acronym that every business leader should recognize. That’s because environmental, social, and governance (ESG) programs have become increasingly common across the business landscape, regardless of industry.

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Proposed Requirements for Private Fund Advisors Aim for Transparency, Audits

Private fund advisors could face a financial statement audit and other reporting requirements under a proposed SEC rule change.

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COVID-19 Stimulus, Low-Interest Rates Brings FDICIA Obligations for Banks

Banks previously not subject to the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) may soon find themselves with new reporting requirements.

Tax Planning in 2020: Tax Rates and Inflation-Adjusted Figures

The IRS and the Social Security Administration have released 2020 inflation-adjusted figures for more than 50 tax provisions.

Webinar: Fourth Quarter Accounting and Financial Report Issues Update

This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events that affect financial reporting.

Make Your Audit Committee Meaningful Again

Economics 101 teaches us that time can be quantified in dollars and cents, and that if you want to measure the value of your time—i.e., your opportunity cost—start by looking at your hourly wage.

Overruled: Rejection of Proposed Changes Indicates New Credit Loss Standard Will Be Implemented on Schedule

The Financial Accounting Standard Board (FASB) dealt a blow to the financial services industry during a recent board meeting. On April 3, the FASB rejected a proposal from a group of regional banks related to changes to the credit loss impairment standard.

Webinar: Third Quarter Accounting and Financial Reporting Issues Update

This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events that affect financial reporting.

Webinar: Second Quarter Accounting and Financial Reporting Issues Update

This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events that affect financial reporting.

3 Implications from the Loss of LIBOR

Financial services groups use benchmark interest rates to assist with business functions ranging from lending to mitigating interest rate risks. One of those benchmark interest rates, the London Inter-Bank Offered Rate (LIBOR), is effectively going away after 2021.

Webinar: First Quarter Accounting and Financial Reporting Issues Update

This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events that affect financial reporting.

Prepare Your Accounting Year-End Processes for the End of 2018

Before you close the door on 2018, you may want to take a quick review of the changes that will affect 2018 financial statements.

2019 Tax Rates and Inflation-Adjusted Figures Released

The IRS and the Social Security Administration have released 2019 inflation-adjusted figures for more than 50 tax provisions.

Webinar: Fourth Quarter Accounting and Financial Reporting Issues Update 2018

This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events impacting financial reporting and the accounting profession.

The Challenge with EBITDA

The challenge with EBITDA is that the effect of upcoming accounting standards may make comparisons to prior periods difficult and could cause covenants and performance metrics to move to compliance or noncompliance.

Audit and Accounting Impacts of Tax Reform

These accounting changes will likely affect financial statements, so it's critical that entities understand where accounting changes will need to be made as well the impact to their financial statement in order to communicate the reason for the changes to their financial statement users.

Webinar: Financial Reporting Impact of Tax Cuts and Jobs Act

Several of the provisions in the "Tax Cuts and Jobs Act" directly impact the preparation of the financial statements this year and we will discuss the most significant items that should be considered when preparing the financial statements.

What Financial Institution Cybersecurity Regulations Tell Us About Cybersecurity for the Infrastructure Sector

Information security is a threat for every business, but it’s particularly disruptive to the nation’s infrastructure systems including transportation, communications and financial institutions.

Risk Management Pitfalls in Bank M&A

Regulatory burdens, customer demands and new technologies will continue to encourage smaller community and regional banks to consolidate in response to this shifting landscape.

Webinar: Financial Instruments - Preparing for the New FASB Requirements

How does the new guidance in FASB ASC 825, Financial Instruments, differ from current GAAP? This course will help you answer that question.

Your Third-Party Vendor's Risk is Your Risk, Too

While business growth and regulatory compliance are perhaps the two most critical business drivers behind a financial service firm's decision to outsource, the outsourcing solution itself creates a risk that must be managed and regulatory requirements that must be met.

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Key Contact

Tony Coble

acoble@cbiz.com (816) 945-5524