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4 Things You Should Know About Troubled Debt Restructuring

Troubled Debt Restructuring (TDR) accounting has some of the most difficult accounting rules to interpret, primarily because they are subjective in nature. As a result, credit union management have to implement policies and [...]

2018-09-18T23:58:02-04:00September 22, 2017|Categories: Accounting, Financial Institutions|Tags: |

Cybersecurity 2017 – A Look Ahead

As 2016 winds down it is time to start looking ahead to 2017.  Recently, Experian, a leading global information systems company, released its 2017 Data Breach [...]

Credit Unions Must Actively Manage Vendor Relationships

Like any corporation, credit unions rely on a number of other businesses for materials, support, maintenance and more. Outsourcing these other activities allows credit unions to keep their costs efficient and their resources focused on their core banking functions instead. Because more and more credit unions are out-sourcing activities, the National Credit Union Association (NCUA) has outlined requirements for managing third party relationships.

2019-10-11T13:37:10-04:00December 5, 2016|Categories: Consulting, Credit Unions, Cybersecurity, Financial Institutions|Tags: , |

Assessing a Credit Union’s Risk

Why is risk assessment important? Risk is the one element that lurks in the background of all businesses, impacting them in some form or fashion. [...]

Many Questions Remain After International Banking Heist

Tesco Bank, a Scotland-based bank and subsidiary of U.K. supermarket giant Tesco, recently blocked all online transactions tied to customers' checking accounts after money was [...]

Rules of Engagement: Dealing With External Auditors

Banks’ financial statements tell their performance story to the outside world. Because the banks’ independent external auditor’s reports provide assurance about the quality of the [...]

2019-02-05T18:27:20-05:00September 29, 2015|Categories: Audit & Assurance, Financial Institutions|Tags: |