Category: Financial Institution
The New Lease Standard
On February 25, 2016, the FASB issued Accounting Standards Update (ASU) 2016-02,Leases. The new standard creates Topic 842, Leases, in the FASB Accounting Standards Codification (FASB ASC) and supersedes FASB ASC 840, Leases. Entities that hold numerous equipment and...
AICPA National Credit Union Convention: Key Takeaways
AICPA National Credit Union Convention Notes November 2-4, 2015 Session 1 – NCUA Keynote Address Key challenges for Credit Unions (CUs) include cyber threats, interest rate risk, regulatory burden and a changing industry profile. Examiners need to be able to adapt to...
Registration for CUSO Registry Begins Feb. 1
The National Credit Union Administration announced January 25, 2016, that credit union service organizations will have 60 days to register with NCUA’s CUSO Registry. (February 1 through March 31) The new online system for CUSOs will report their operational and...