Strategies for CECL
After several years of anticipation (and delays), the Financial Accounting Standards Board (FASB) issued its final guidance related to the current expected credit loss standard (CECL) in June 2016. This represents the most sweeping accounting change to financial institutions in the past several decades, and although these changes won’t take effect for a few years, […]
Why nonprofits should be careful about doing business with board members
Your not-for-profit’s board members may be able to offer access to better deals or services than your organization could get on its own. However, there’s a fine line between a board member helping your nonprofit get fair pricing and the member receiving perceived or actual personal benefits. The latter can threaten your exempt status. Best […]
Countdown to CECL: Is Your Financial Institution on Track?
After several years of anticipation (and delays), the Financial Accounting Standards Board (FASB) issued its final guidance related to the current expected credit loss standard (CECL) in June 2016. This represents the most sweeping accounting change to financial institutions in the past several decades, and although these changes won’t take effect for a few years, […]
Cybersecurity Facts Sheet
Cybersecurity: What you don’t know can hurt you What would you do if your clients’ – and your – social security numbers, bank account balances, and other personal information were published on a hacker website? Or you realized that you’re losing thousands of dollars in credit card orders, and didn’t know why or how? The […]
FASB issues new rules for credit loss reporting
The Financial Accounting Standards Board (FASB) has released a long-awaited accounting standard that responds to some of the concerns prompted by the global financial crisis about financial institutions’ reporting on credit losses. In addition to its effect on current-period earnings, the updated guidance will affect the amounts banks, credit unions and other entities report for […]
Pooled Investment Vehicles Need to Heed Lifeguard’s Whistle
The markets for private capital are evolving and growing. By one estimate, there are three dollars raised in the private capital markets for every dollar raised in the public markets. This has led to an explosion in new funds and pooled investment vehicles, from the giant private equity groups to much smaller boutique private hedge […]
Alternative investments: High yield, but at what cost?
In recent years, many tax exempt, not-for-profit organizations have turned to alternative investment vehicles, seeking higher yielding returns for their charitable endowments and investment portfolios. Usually these non-traditional investments are organized as pass-through entities, such as limited partnerships, that may generate taxable, unrelated business income for a tax exempt investor. Before investing in these types […]
Risky Business: Internal Audit Best Practices for Community Banks
Examiners expect your bank to have an effective internal audit program in place. Will you be ready when they show up? An effective internal audit strategy means more than just satisfying examiners, however. In today’s complex and evolving banking environment, it requires a risk-based approach designed to clearly identify risks and weaknesses so that you […]
Occupational Fraud in Government: Stories from the Trenches
Occupational fraud is a universal problem. It is estimated that the typical organization loses 5% of revenues each year to fraud. For governments, allegations of fraudulent activity not only wreak havoc on your operations and performance, but also undermine your reputation and public confidence. In this webinar, CSH professionals will share examples of real-world fraud […]
Are you getting the most out of your internal audit program?
Examiners expect your bank to have an effective internal audit program in place. Will you be ready when they show up? An effective internal audit strategy means more than just satisfying examiners, however. In today’s complex and evolving banking environment, it requires a risk-based approach designed to clearly identify risks and weaknesses so that you […]