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Learn MoreThe remote work environment many of us find ourselves in due to COVID-19 is a radical change for many organizations. There’s productivity, morale, human resource issues and a host of other considerations to be mindful of and proactively manage as a business leader. One of those key considerations...
Read MoreIf you’ve been involved in preparing your organization’s SOC report, you likely have come across the section that discusses “subservice organizations” and “complementary subservice organization controls” (auditors call these “CSOCS” for short). You may have even been tasked with the responsibility...
Read MoreAs we head into the second half of a very tumultuous 2020, your professional service firm may be asking, “Where do we go from here?” Hopefully you have been able to battle through the unexpected and sudden impact COVID-19 has had on nearly all businesses and their clients. In the back of your...
Read MoreIn response to COVID-19, many entities have reduced employee headcount to remain in business. As a result, it’s more important than ever to understand how to account for termination benefits. This includes carefully considering which types of benefits are being provided and the overall timing of...
Read MoreIs your third party administrator (TPA) for your 401(k) plan a trustee or custodian? Do you know the difference? Often these words are used interchangeably but they mean something very different, and you should know the difference to ensure they are being represented properly in your plan documents...
Read MoreAfter a wild spring, the financial disruptions created by COVID-19 are leading to some concerning outcomes for businesses. Even with the assistance of state and federal funding for businesses — and whether or not companies have highly leveraged capital structures — more restructurings and...
Read MoreWith the COVID-19 pandemic being felt around the world, the impact on operations continues to be uncertain. For some businesses, their reputation, along with their goodwill recorded on the company balance sheet, may be impacted as well. The Financial Accounting Standards Board (FASB) has issued...
Read MoreThe Financial Accounting Standards Board has released ASU 2018-08 to provide more guidance on when transactions are contributions versus exchange transactions.
Read MoreIn this installment of our “Business Intel” series — helping you monitor, understand and maximize your organization’s liquidity and cash management processes — we offer insights into the technical and reporting differences between net revenue, gross profit and net income. As we’ve learned...
Read MoreTwo recent regulatory changes — Private Funds Law 2020 and Mutual Funds (Amendment) Law 2020 — will require previously exempt Cayman Islands funds to now register with the Cayman Islands Monetary Authority (CIMA). While the changes will require affected funds to expend more time, cost and resources...
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