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In this edition of the Quarterly Financial Services Update, we’ve compiled the latest information on financial reporting and accounting issues - some of which are currently being evaluated by regulatory agencies and not resolved at this time. We have also compiled a list of items for consideration in your financial reporting and disclosures for the first quarter and a summary of recently issued accounting pronouncements (see Appendices for a summary of recently issued accounting pronouncements and the related effective dates).
Some of the key highlights include an update on leadership changes among the regulatory agencies, a summary of President Trump’s executive orders impacting the financial services sector, an update on the FDIC’s supervision of banks involved in crypto-related activities, and more.
Download the full report here.
As always, our team is here to help you navigate these complexities. Reach out to us below to get started.
The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.
This article provides a guide for financial institutions to establish Model Risk Management programs, covering governance, compliance with SR 11-7, model inventory, risk assessments, and validation processes.
In anticipation of the US presidential administration transition, this webinar covers a variety of topics including expiring TCJA provisions, accounting methods, individual, trust, and estate tax implications, international tax, and tariffs and trade.
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