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Audit & Accounting
Audit & Accounting https://www.accountingtoday.com/audit-and-accounting Audit & Accounting en-US Thu, 12 Oct 2023 20:16:23 GMT 2023-10-12T20:16:23Z en-US TCFD finds more companies making climate disclosures in final report...
CFPB Issues Another Supervisory Highlights on Junk Fees
By John Zasada, JD, CAMS – Shareholder, Financial Institutions Group On Oct. 11, 2023, the Consumer Financial Protection Bureau (CFPB) issued its second Supervisory Highlights this year providing an update on the CFPB’s efforts to curb junk fees. The agency’s...
Great News! We’ve Dropped the Price for Our U.S. GAAP Subscription!
In the interest of saving you time, we’ll cut to the chase! We’ve lowered the price for our U.S. GAAP eLearning library subscription! This may raise a few questions in your mind, which is why we’ve decided to write this post. After receiving some candid and...
CFPB Sues Mortgage Company for HMDA Violations
By John Zasada, JD, CAMS – Shareholder, Financial Institutions Group On Oct. 10, 2023, the Consumer Financial Protection Bureau (CFPB) announced it filed a lawsuit against Freedom Mortgage Corporation (Freedom), a large mortgage lender and servicer, for violating the...
Clarifying the SECURE Act 2.0 Roth Catch-Up Contribution Extension
While, the IRS’ announcement last month provides significant compliance relief for processing catch-up contributions as after-tax “Roth” contributions, the focus now for plan sponsors should be on proper implementation of the guidance. IRS Notice 2023-62 established a...
A Guide to Understanding the Accounting Cycle for Businesses
The accounting cycle is one of the most important behind-the-scenes, back-office actions a company manages. At the same time, it’s also often one of the most overlooked. Outside of a small cadre of accounting professionals and the CFO, few executives or managers...