Press Releases from CW Associates CPA (2 total)
CW Associates CPA's Hawaii: 5 tips for implementing FASB’s credit loss standar …
Revenue recognition and lease accounting standards have had a big impact on financial institutions. But new standards on reporting expected credit losses may be even more significant for banks.
“This is much more related to a bank’s core business,” said Reza Van Roosmalen, a KPMG LLP managing director. “It’s the biggest accounting change I think that banks have been subject to in a long time.”
FASB’s expected credit loss standard, which was…
CW Associates CPA's Hawaii: Modernizing Fax Filings with the IRS
Federal and state agencies, including the court systems, are modernizing by allowing the electronic filing of petitions and other court documents. For example, Alabama, Texas, Illinois and Missouri have e-filing systems for court petitions. In 2014, two federal courts (2nd and 9th Circuit Courts of Appeals) piloted an e-filing program for all courts in which the user is authorized to file electronically. The program is expected to become national in…
