- Businesses that meet the definition of a public business entity because their financial statements have to include, or be included, with the financial statements or financial information of other public companies can have more time to adopt the FASB's revenue recognition and lease accounting standards. The organizations can adopt the new standards at the same time as private companies, the FASB said in an update to U.S. GAAP.
- Mortgage lenders and servicers providing payment relief after natural disasters must be aware of potential impacts on compliance.
- Understand the metrics included in our banking industry benchmarks key performance indicator (KPI) report more thoroughly with our insight into some of the current KPIs.
- Baker Tilly used its knowledge of key guidelines within the banking industry to not only creating a business continuity plan that met regulatory compliance requirements but also prepare documentation outlining how the financial institution was meeting applicable guidance.
- Baker Tilly's evaluation of the business continuity management program against FFIEC guidelines provided the organization with assurance of their compliance with guidelines, as well as value added insights to enhance business continuity documentation.
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