• Insider loan fraud: Regulation O violations

    Is your financial institution Regulation O compliant? How transparent are transactions among insiders of your financial institution? Insider abuse can be difficult to detect and cannot only lead to substantial FDIC penalties but will increase the reputation risk of your financial institution.
  • NAIC Risk Management and Own Risk and Solvency Assessment (RMORSA) Model Act Implementation for Insurance Companies

    The paper will examine domestic and global insurer solvency requirements with a primary focus on the United States’ National Association of Insurance Commissioners’ (NAIC) Risk Management and Own Risk and Solvency Assessment (RMORSA) Model Act. In addition, this paper will provide industry guidance to small through midsized insurance companies that have recently breached or are close to reaching the $500 million of annual direct written and unaffiliated assumed premium.
  • Considering establishing an audit committee?

    A government is accountable for the services provided to taxpayers and for the way that it uses its resources to provide those services. One way to enhance accountability is to form an audit committee.
  • The truth is in the (XBRL) tagging

    All too often you hear about the cost of doing business and the mountain of compliance exercises that must be undertaken for the privilege of being listed on a public stock exchange. With the seemingly endless array of documents, disclosures, and deadlines by which a public company must abide, it is no surprise that many CFOs feel the same way about the Securities and Exchange Commissions’ electronic data mandate: it is just another compliance exercise that creates no value for the company.