Financial Services
LIBOR Will be Gone—The Reference Rate Reform is Here
The London Interbank Offered Rate, or LIBOR, has been the go-to rate to set interest rates for a financial contract,…
Alternative Investments and Reporting Requirements for Associations
Additional disclosures in the annual Form 990 and possible taxable implications — Many associations are investing in alternatives due to the…
Day Trader? What You Need to Know
Individuals trading securities have great incentive to classify themselves as traders. By default, buying and selling publicly traded securities is…
Cut-off issues and avoiding management letter comments
A common audit management letter comment given to organizations is due to cut-off issues. There are two types of cut-off…
Consideration of Variable Interest Entities
Since the introduction of new rules for variable interest entities (VIEs) after the Enron debacle, many companies have faced somewhat…