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Insurers are increasingly using policy discounts to coax policyholders into desirable behaviors. The carrot approach has morphed into the carrot and stick approach, where those who do not adopt the desired behavior are penalized with a higher premium.

Dates for when provisions of FATCA become fully effective. FATCA compliance and the types of foreign entities need to be FATCA compliant as well as the IRS registration process. Michael Laveman in financial services provides audit, tax and advisory services to hedge funds and private equity funds.

Insurance agents and brokers should educate themselves about the emerging opportunities in the commercial use of drones. Learn about how drones are affecting the insurance industry. The FAA reports that drone use is currently the fastest growing sector in aviation.

During the NAIC’s Risk-Focused Surveillance Working Group call on March 18, 2014, two new documents were approved to be released as exposure drafts:  the Draft ORSA Guidance for Financial Analysts and the Draft ORSA Guidance for Financial Examiners.  The exposure draft comment period ends on May 2, 2014.

FATCA and important considerations and actions investment funds should not wait on. Submitting electronic registration on the IRS FATCA portal. Processes and procedures need to be in place in order to properly document the FATCA status of investors admitted thereafter.

The Cayman Islands opened the Automatic Exchange of Information Portal for Cayman Islands Financial Institutions to register to notify the Cayman Islands of their status. Information for the registration of a reporting Cayman Islands financial institution.

With the adoption of ASC 842, lessees have to analyze operating leases more thoroughly than they were ever required to do under legacy U.S. GAAP (ASC 840). With a number of areas that need to be considered, this article will focus on the following:

According to an American Institute of CPAs’ survey, women now comprise 50% of college accounting program graduates and only 24% of women are partners at firms. This article discusses the challenges and EisnerAmper initiatives.

Revenue Recognition (Topic 605) affects accounting and reporting for all vendors that enter into multiple-deliverable arrangements with their customers. Revenue Recognition (Topic 605) does not affect arrangements for which industry specific allocation and measurement guidance exists, such as software transactions and long term construction contracts.

403b plan audit requirements and regulations such as when a 403b plan audit is required. What happens if the Form 5500 is not filed on time and fiduciary responsibilities inclusing plan governance best practices. Auditors' report modifications and experiences of December 2009 403b plan year end.

Form 5500 Requirements including Financial Reporting Requirements such as plan audit objectives and what is audited. Preparing for the Annual Audit including what the auditor is expecting of You.

The Employee Retention Credit is a fully refundable payroll tax credit for employers. This article examines a few examples of how New Jersey and New York construction businesses may qualify.

Given the new financial reporting requirements for revenue recognition, many contractor companies have begun implementing them. It is imperative that company management have a plan and robust systems in place for their financial reporting.

Managing Fraud Risk Identifying and Preventing Corruption Schemes in Construction Companies presented to the Construction Financial Management Association. A summary of facts relating to Fraud in the Construction Industry based upon findings of the ACFE Association of Certified Fraud Examiners. 

Accounting standards on revenue recognition for the construction industry. The proposed revenue recognition standard would provide one generic standard for all industries, eliminating GAAP industry specific standards. Revenue recognition implementation would be challenging.

This article includes a discussion of some common questions companies might find themselves asking when entering into cloud computing arrangements or hosting arrangements.

An examination of the benefits of a strong cloud accounting system. You’ll find out about how you can improve your planning and decision-making processes.

The unsettled Senate race has reduced the urgency to do estate planning before year-end and has given everyone more time to thoughtfully structure an estate plan. But don’t wait too long.

New York State adopted legislation that outlawed DING Trusts for fiscal years beginning after April 1, 2014. The law treats incomplete gift non-grantor trusts as grantor trusts in the case of New York residents. However, for those outside New York State, this strategy is worth further discussion.

Aggregation Tests regulations allow both individuals and relevant pass-through entities (“RPEs”) to aggregate provided they meet five tests. These include control, majority, same-year, non-SSTB and connection tests.