News Articles

30

September

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Bank Wire: Overtime Requirements, Cybersecurity, and IT systems

Abstract:   This issue’s “Bank Wire” reports on the DOL’s new overtime requirements, which increase the salary level threshold for white-collar exempt employees and are expected to yield a large impact on financial institutions. It also discusses the FFIEC’s new cybersecurity guidance, which urges financial institutions to review their risk-management practices and controls for IT systems … Continued

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30

September

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Differences of C corporation and S corporationg financial statements

Abstract:   Most bankers on the business-lending side of operations have a constant stream of customer financial statements passing over their desk (virtual or otherwise) for an evaluation of the borrowers’ creditworthiness. Thus, bankers need to possess enough knowledge about different types of business structures to shine the right spotlight on diverse financial statements. This article … Continued

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30

September

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Combating Money Laundering

Abstract:   As federal banking regulators intensify their scrutiny of Bank Secrecy Act and Anti-Money Laundering compliance, community banks need to become more proactive in combating money laundering. One potential tool worth considering is data visualization software. This article examines recent compliance requirements and how to effectively incorporate data visualization software into a bank’s antifraud lines … Continued

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30

September

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Dramatic Changes to Bank Accounting Guidelines

Abstract:   In a dramatic change to bank accounting guidelines, the FASB recently finalized its long-awaited CECL model for estimating credit losses. This article highlights the most important elements of the new model, including its forward-looking approach (which involves its treatment of covered and PCD assets, as well as its position on estimating losses and accounting … Continued

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26

September

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Alexander Thompson Arnold CPA Is Again Recognized Nationally by INSIDE Public Accounting’s as a Top 200 Accounting Firm

The award-winning newsletter for the accounting profession, INSIDE Public Accounting (IPA), released its annual ranking of the nation’s 300 largest accounting firms. Over 500 accounting firms participated in the twenty sixth annual IPA Survey and Analysis of Firms in 2016, which resulted in Alexander Thompson Arnold being among the National IPA Top 200 list. ATA … Continued

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