The Own Risk and Solvency Assessment (ORSA) is a set of regulatory requirements for insurance companies promulgated by the National Association of Insurance Commissioners (NAIC). ORSA is designed to provide more transparency and reporting to regulators that insurers have a comprehensive understanding of their risks and solvency. NAIC’s goal in these requirements is to proactively identify areas of solvency risk to enable responsive action in avoiding potential solvency risks.
Meeting ORSA requires insurance companies to undertake a combination of activities that can be grouped into three broad categories:
- Risk assessment
- Capital assessment
- Reporting and disclosure
Insurance companies assess the risks they face, including underwriting, market, credit, operational, and other risks specific to their business. Doing so involves identifying, measuring, and prioritizing risk management activities. Insurance companies are then expected to determine how these risks can affect the insurer’s solvency and respond as necessary.
With solvency being the primary concern for insurance regulators, insurance companies assess their capital adequacy in light of the risks they face. This involves calculating the amount of capital required to support the insurer’s operations, taking into account the potential impact of adverse events on the insurer’s financial position.
Reporting and Disclosure
As the ORSA reporting requirements are submitted to the boards of insurance regulating Insurance companies, significant attention should be paid to their preparation. These reports include details on the insurer’s risk management framework, the risk and capital assessment results, and any actions the insurer plans to take to address identified risks. Management of insurance companies need to feel confident that the information they provide to their regulatory bodies is sufficient and accurate in providing an appropriate picture of the risk exposures they face.
To carry out these activities, insurance companies typically leverage a range of tools and techniques, including risk modeling and stress testing, scenario analysis, and internal control systems. They also rely on various internal and external data sources, including historical claims, financial market, economic, and demographic data.
In addition to meeting ORSA requirements, insurance companies may also use the information gathered through ORSA to inform their strategic decision-making, improve their risk management practices, and enhance their overall performance. For example, insurers may use the risk assessment results to adjust their underwriting policies or investment strategies, or to identify new business opportunities.
Overall, meeting ORSA requirements can be a significant undertaking for insurance companies, as it requires a comprehensive understanding of the risks they face and the tools and techniques needed to manage those risks. When the time is right, contact CRI’s team of regulatory leaders, who stand ready to assist with any phase of your ORSA filing, and can help transform a compliance activity provided to regulators into a valuable tool for monitoring and achieving your company’s goals and objectives. By taking a proactive approach to ORSA, your insurance company can improve its overall performance and ensure long-term viability in an increasingly complex and competitive market.
Step by Step: Stay Resilient with a Crisis Planning Checklist
IRS Alert: Update on ERC Claims
Understanding 1031 Exchange Transactions: A Strategic Move for Savvy Investors
Demystifying Deferrals: Technical Requirements & Resources
Demystifying Deferrals: Discussion Questions and Exercises
Unraveling Transfer Pricing Rules in Mexico
Florida Nursing Home Audit Requirements
Financial Resilience in the Face of Disasters for Older Adults
2023 GASB Update
Returning to Student Loan Payments: Ensuring Financial and Tax Compliance
Cybercrime and Religious Institutions: A Wake-Up Call for the Faithful
Five Steps to Elevate Self Pay Patient Collections in Medical Practices
5 Exercises to Rehabilitate Retirement Funds
Financial Impact of the Affordable Connectivity Program
Decoding Unrelated Business Income Tax
The Roadmap to a Successful Sale: Understanding the Phases of Selling...
With a Little Help From the GASB: Implementation Guides
Demystifying Deferrals: What They Are, What They Mean, and Why They...
Start Now to Comply with New Medicare Cost Report Rules
How to Properly Organize Your Tax Records
Form 990 Marketing: Spotlight Your Nonprofit’s Efforts and Achievements
Embedded Leases and Their Impact on Non-Profits
IRS Proposed Regulations on Micro-Captive Transactions
Deferrals from the Perspective of the User of Government Financial Statements
The Fine Line Between Nonprofit Lobbying and Advocacy
The Evolution of Healthcare Finance, Post-Pandemic
It Figures Podcast: S4:E19 – The Financial Data Transparency Act
Has Your Partnership or S Corporation Met the August 15 Notice...
Differentiating Between Independent Contractors and Employees
Transmittal 18: Critical Changes and Best Practices for Cost Reporting in...
Natural Disasters Can Affect Your Financial Statement, Too
New Rule for Catch-Up Contributions
It Figures Podcast: S4:E18 – Out with TDRs and in with...
After the Transaction: Look Here to Unlock Value in Post-Merger Integration
Building Your Ideal Captive Board
It Figures Podcast: S4:E17 – Medical Staffing Crisis
Drafting a Business Continuity Plan (BCP)
Global Internal Audit Standards
New Businesses Face Challenges When Proving Damages Based on Lost Profits
Beyond Compliance: Prioritizing Donor Data Privacy in the Non-Profit Sector
Planning for Possible Workforce Reductions
It Figures Podcast: S4:E16 – What Talent Really Wants
Tax Implications of Moving Abroad
Tax Concerns for Self-Employed Individuals
It Figures Podcast: S4:E15 – Current Trends in Mergers and Acquisitions
Deferred Outflows and Deferred Inflows of Resources in a Nutshell
Contractors Need To Juice Up Working Capital in Volatile Times
Checklist: Managing Your Loved One’s Estate
It Figures Podcast: S4:E14 – Demystifying Deferrals
Liquidity Risk for Community Banks
Litigation Support: Hire Forensic Accountants Earlier to Build a Stronger Case
How Secure Is Your Company Retirement Plan: Updates and New Rules...
Surviving Small Business Failure and Preparing for Future Success
Navigating Regulations in Government-Funded Projects
Introduction to the Global Internal Audit Standards
Adapting to the New IRS Electronic Filing Requirement for Businesses
Six Common Nonprofit IRS Audit Triggers
Glossary of Accounting Terms
Using GASB Standards to Account for Opioid Settlements
Accounting 101: Debit and Credits
Liquidity Risk for Community Banks – Focusing on Fundamentals
It Figures Podcast: S4:E13 – Successful Transfer and Succession
It Figures Podcast: S4:E12 – Credit Risk Management in a Potential...
Standing in the Way of Construction Fraud
A Quality of Earnings Report Offers Key Insights for Parties Considering...
Navigating the Challenges of Global Supply Chain Disruptions
How to Reduce Your Hospital’s Compliance Risk with a Payroll Plan
It Figures Podcast: S4:E11 – Labor Market Changes and Effects
GARS: What It Is and Why You Should Be Using It
Sustainable Cost Management Strategies for Non-profits in Today’s Economic Challenges
It Figures Podcast: S4:E10 – A Guide to Employee and Workforce...
The Importance of Conducting a Valuation of Your Small Business
ORSA Requirements Help Insure a Comprehensive Understanding of Risks and Solvency
Revenue Recognition Implementation for Common Interest Realty Associations
Tribal Governments: Creating a Culture of Fraud Prevention
How to Develop a Cyberattack Recovery Plan
The Impact of an ESG Policy: How to Get Started
It Figures Podcast: S4:E9 – FDICIA Transition for Community Banks
Nonprofit & Governmental Healthcare Entities: Be Prepared to Justify Executive Pay
Why Filing a Tax Extension Can Be a Smart Move
How a Potential Non-Compete Clause Ban Stands to Impact Employers
It Figures Podcast: S4:E8 – The Who, What, Where, and Why...
What You Need to Know About the Mississippi Pass-Through-Entity Election
Business Interruption: Planning Your Next Steps and Setting Expectations
It Figures Podcast: S4:E7 – Cost Segregation and Other Engineered Tax...
How Does Subscription Term Differ From Maximum Possible Term?
It Figures Podcast: S4:E6 – The Ins and Outs of Airbnb...
Inflation Is Redefining Private Equity’s Perception of Value
Tax Preparers: The Hero Your Company Needs!
Federal Tax Credits and Deductions for Family Caregivers
Spring Cleaning Now Improves Business Performance All Year
It Figures Podcast: S4:E5 – SECURE 2.0 & The Impact of...
Implementing the New Leasing Standards for Contractor Financial Statements
CMS is Serious About Hospital Price Transparency
The Global Internal Audit Standards Are Coming; Is Your Organization Ready?
It Figures Podcast: S4:E4 – The Art and Science of a...
What Does the End of the Public Health Emergency Mean?
It Figures Podcast: S4:E3 SECURE 2.0 & The Impact on Individual...
Employee Retention Credits: They Aren’t Dead Yet!
Real-Time Results: How Dashboards Can Help You Move Your Small Business...
It Figures Podcast: S4:E2 – Florida’s New Condominium Safety Law
What Is an Audit?
Gig Workers: What’s Up with Form 1099-K?
How to Avoid Mistakes in ESOP Valuations
Government Accounting Resources
K-2 – K-3 Exception Disclosure Comparison Chart
It Figures Podcast: S4:E1 – Adding Value To Your Internal Audit
Four Tips for Translating GASB Standards Into English
What Does the Consolidated Appropriations Act of 2022 Mean for Me?
Avoiding Improper Employee Retention Credit Claims
What To Consider When Creating a For-Profit Subsidiary
3 Reasons to Differentiate Between Controllable and Non-Controllable Costs
The New Lease Accounting Standard Is Here — Is Your Healthcare...
Spotlight on Controls and Internal Audit Departments
Did You Know…? A Guide to Governmental Accounting and Auditing Resources
The Importance of an Effective System of Internal Control
Building an Effective Nonprofit Audit Committee
2022 Partnership Instructions for Schedules K-2 and K-3
2023 Cost of Living Adjustments Chart
Lease Term vs. Maximum Possible Term
Nonprofit Considerations When Creating a Chart of Accounts
How the SEC Bridges the Divide between GAAP and Non-GAAP Financial...
Top 1099 Tips for Law Firms
The Ins and Outs of Physician Compensation Models
Business Entity Comparison
GASB Statement 94: Decoding P3s, SCAs, and APAs
Do You Qualify for the Home Gain Sale Exclusion?
Bonus Depreciation or Section 179: What’s The Right Choice for You?
Everyday Tax Return Items That Can Trigger an Audit
Getting From Here To There: New GASB Language for Effective Dates...
Roth IRAs and the Dreaded Five-Year Rule
4 Benefits of a Government Audit Committee
Avoid These Tax Traps in Retirement
CRI Physician Services Planning for 2023
Financial Institutions Year-End Accounting & Auditing Update
Great News (Potentially) For 2022 Partnership Tax Return Filings
An SMB Leader’s Guide to Fraud Prevention
GASB Statement 100: Clarity for Accounting Changes and Error Corrections
GASB Pronouncement Effective Dates
ABLE Accounts: A valuable financial solution for people with disabilities
S1:E16 – When You Suspect Fraud: The Story of the Million...
Hop on the Omnibus: GASB Statement 99
Escalation Clause: Protect Your Bottom Line
Cost Segregation Studies: Opportunities for Contractors
Nursing Home Financial Reporting Bill in FL
Top Reasons Not to Hire a Full-Time CFO
It Figures Podcast: S3:E13 – An Inside Look at The GASB
Infrastructure Bill 101
All GASB Statements Are Not Created Equal
IRS Extends Federal Tax Filing Deadline for Hurricane Ian Victims in...
2022 Year-End Tax Planning for Individuals & Families
The Infrastructure Investment and Jobs Act: Why to Expect a Marathon,...
Five Things to Know About the New Accounting For Paid Leave
Communicating with Your CPA: A How-To Guide
Understanding Your Accountant’s Language
Digital Privacy and the GDPR: Why You Should Pay Attention Now
It Figures Podcast: S3:E12 – Lease Accounting is for EVERYONE
Protecting Your Company Against Executive Impersonation Fraud
How to Implement Internal Controls in Small to Medium-Sized Nonprofits
It Figures Podcast: S3:E11 – CentraLease | GASB & FASB Lease...
Should Your HITRUST CSF Assessor Be a CPA Firm?
The 411 on Student Loan Forgiveness
CRI CECL Validation Services
Discount Rate Calculations for Lease Accounting
Key Takeaways From the Inflation Reduction Act of 2022
Taking Advantage of the Tax-Efficient Exit Strategy ESOPs Offer
Hunger Relief Efforts Can Yield Tax Benefit for Farmers
How Can Home Sellers Exclude Capital Gains Tax?
It Figures Podcast: S3:E10 – Balancing Acts: Managing Personal & Professional...
SBITAs: It’s Time to Boot Up
Understanding the Benefits of Engaging in a NIST CSF Assessment
Are Your Notes Turning Into Zombies?
Easy Estate Planning Tips for Everyone
Changes Reporting Gifts-in-Kind
The Arm’s Length Principle: The Rays of Transfer Pricing Adjustments
It Figures Podcast: S3:E9 – Shape Your Future: Internships
It Figures Podcast: S3:E8 – Understanding Inclusion & Diversity in the...
Retirement on the Horizon? Make Tax Planning a Priority
R&D Tax Credit Offers Tax Savings for the Cannabis Industry
Is It Time for a Reserve Analysis for Your Community Association?
In the Know: Pass Through Entity Tax (Georgia House Bill 149)
How to Use Real-Time Financial Data to Improve Your Cash Flow...
It’s Too Early for CECL Fatigue
Crypto Quick Reference Guide
CECL: It’s Not Just About Financial Institutions
Keeping the Business in Family Business
Cryptocurrency: What’s a Community Bank to do?￼
A High-Yield Investment Class: Novice to Proficient
Increase Your Chances of an Efficient Financial Statement Audit
Employee Versus Contractor: A Crucial Distinction for Every Organization
Bolster Cash Flow With a Cost Segregation Lookback Study
Cryptocurrency Fundamentals for Financial Institutions
Is Your Rental Real Estate a Business?
Solving the Hardship Withdrawal Program Administration Puzzle
Local Governments & The Final Rule: Coronavirus State and Local Fiscal...
It Figures Podcast: S3:E7 – The Transaction Timeline: The 5 Stages...
What is Section 1071, and Why is it Important for Your...
5 Tips for Lessening Stress with Nonprofit Audit Preparation
Knowing When to Claim Social Security
Coronavirus State and Local Fiscal Recovery Funds
Manufacturing Inventory Accuracy Counts
3 Benefits of Creating a Captive Insurance Company
It Figures Podcast: S3:E6 – Common ACFR Errors
Protect What Matters: Estate Planning in Uncertain Times
A Comparison of Education Tax Credits for 2023
Is it Time for a Business Valuation?
Give Your Small Business a Jolt of Efficiency with Cloud-Based Accounting
It Figures Podcast: S3:E5 – Heads up, Grant Professionals!
How Has COVID-19 Affected Business Valuations?
Boost Your Bottom Line by Understanding Your Internal Audit
Reporting Computer-Security Incidents: Is your Community Bank ready?
What Does a Cash Balance Plan Mean for You?
The Name’s Bond, Government Bond
Setting Nonprofit Executive Compensation
Promises to Give: Not-for-Profit Accounting Primer
Does Working Remotely During the Pandemic Mean You Owe More Income...
Still Confused About Whether to Deduct That Business Meal?
New HITRUST Assessments Give Companies More Options for Security Reporting
ICBA Live 2022 Conference Recap
You Could Owe “Nanny Taxes” Even If You Don’t Have Kids
You Overfunded a 529 Plan. Now What?
Nonprofit Board Review of Form 990
Managing ESG Risks in the Oil and Gas Industry
Charitable Lead Trust vs. Charitable Remainder Trust: A Comparison
It Figures Podcast: S3:E4 – SSAE No. 21 | Direct Examination...
Going Concern Issues for Nonprofits
Improve Medical Practice Productivity with Non-Physician Providers
Five Internal Controls to Prevent Fraud in Nonprofits
Safeguard Your Assets During a Divorce — Before You Get Married
Differences in Public Charities and Private Foundations
It Figures Podcast: S3:E3 – Panic! At the IRS Disco
Top 5 Accounting Questions to Ask Your CPA
Report Fundraising Events on Form 990
3 Grant Writing Tips to Help Not-For-Profit Organizations
Health Savings Accounts Offer Big Tax Benefits Now and in Retirement
Short on Cash? Gift-in-Kind Donations Can Also Help Support Charities
Estate Planning FAQ
Transfer Your Wealth Using a Dynasty Trust
Two Types of Charitable Trusts You Should Know About
New Guidance on Gifts In-Kind for Non-Profit Entities
It Figures Podcast: S3:E2 – Count Yourself in to a Career...
Captive Insurance Taxation
Top 5 Priorities for Small and Mid-Sized Organizations in 2022
A Look at Internal Controls and Processes for Evaluating Vendors
Getting the Most Out of Your Remote Audit
Moving to a New State? Don’t Make These Tax Mistakes
Coronavirus Relief Funds – Getting Ready for Your Single Audit
Does Your Organization Need an Internal Audit?
What a Single Audit Means for Your Organization
Straddling the Fence: Should You Co-Source or Outsource Your Internal Audit?
Help Your Business Finish Strong with These 10 Year-End Tasks
COVID-19 Funding Best Practices, Accounting Treatment, and Single Audit Implications
Have You Completed These 5 Year-End Financial Planning Tasks?
Cybersecurity Trend to Watch in 2021: Cyber Supply Chain Risk
Outsourced Accounting Reference Guide: How Collaborating Can Help You Reach Your...
Fiduciary Matters: How to Be the Best Trustee for Your Organization’s...
It’s a Marathon, Not a Sprint: Going the Distance for Outsourced...
2021 Year-End Tax Planning for Businesses: Strategize, Optimize, Maximize
2021 Year-End Tax Planning for Individuals & Families: Strategize, Optimize, Maximize
Conference Recap – AICPA 2021 National Conference on Banks and Savings...
CECL: It’s Getting WARM in Here Webinar
Credit Memorandum Best Practices and “The 5 C’s”
Keeper of the Vault: A Business Owner’s Guide to Cybersecurity
Federal American Rescue Plan Act of 2021 (ARPA)
COVID-19 Quick Hits: American Rescue Plan Act Overview
Risky Business: Comparing Risk Levels of MRBs
Employee Retention Credit Information Sheet
IRS Employee Tax Forms: A Checklist for Small Businesses
IRS Income Tax Forms: A Checklist for Small Businesses
Digital Transformation Starts With Process, Not Technology
What’s New from GASB: An Update on the Latest Standards
Homeowner Assistance Fund – What Tribes and Applicants Need to Know
CECL: It’s Getting WARM in Here
Homeowner Assistance Fund – You Don’t Know the HAF of it!
Questions About the Employee Retention Credit? We’ve Got Answers.
American Rescue Plan for Governments: The Resources Available
Potential Proposals on the Horizon: It’s Time to Prepare Your Estate...
Anti-Money Laundering (AML) and Cannabis Banking: Is Your Financial Institution Ready?
It’s a Marathon, Not a Sprint: Going the Distance for Outsourced...
Strategic Use of ARP Government Funds for Long-Term Success
IRS Notice Provides Guidance to Employee Retention Credit and the Paycheck...
Time to Pivot? How Your CPA Can Help You Adapt to...
Compliance Management System (CMS) – A Refresher
The Basics of Grantor Retained Annuity Trusts
Tax Considerations for Buyers Contemplating Mergers & Acquisitions
What Role Does Life Insurance Play in Estate Planning?
Taking a Fresh Look at Bankruptcy
2021 Insurance Update: What’s Next?
Start From the T.O.P Down: Ways You Can Improve Your Organization’s...
The Basics of Spousal Lifetime Access Trusts
When E-Commerce Sellers Would Benefit from Hiring an Accountant
Internal Controls: Governmental Challenges and Opportunities
IRS Clarifies Temporary 100% Deduction for Restaurant-Purchased Meals
Hired Any Recently Unemployed Workers? Let Them Know About New Exclusion...
Strategic Decision Making: Are You Taking Advantage of the Newly Expanded...
Make Better Business Decisions with Financial Modeling
Succession planning is a difficult, but necessary, subject for a contractor
Rate Reform – Why is LIBOR Going Away, and What Will...
Clear Vision: Moving Your Business Forward with Confidence
Five Overlooked Tax Breaks for Contractors and Manufacturers
Exit Strategies: Preparing Your Manufacturing Business for Transfer of Ownership
How Contractors Can Bridge the Age Gap
Enhance Your Technology Tool Kit for Improved Productivity
Tax Strategies for Special Needs Families
Healthcare 2021: The State of Our Industry
Why Profits Do Not Always Lead to a Positive Cash Flow...
IRS Provides Guidance on Cafeteria Plan Balance Carryovers
Updates to the AICPA’s SAS No. 134 through SAS No. 140
SSAE No. 21 – Direct Examination Engagements
Not-For-Profit Revenue Recognition
Don’t Jeopardize Your S Corporation Status
Fiduciary Activities & Leases: A Tale of Two Standards – GASB...
Now or Later? Weighing 15-year Depreciation vs. 100% Bonus Depreciation for...
How to Spot Three Common Tax Scams
Insurance Companies and the IRS: What’s on the Horizon?
The Anti-Money Laundering Act of 2020: An Overview
Federal Audit Clearinghouse Extended Submission Dates FAQs
When Can You Deduct Data Breach Costs?
Boost Your Cash Flow with Net Operating Loss Carrybacks
What’s Next for Hemp-Related Businesses?
Considering a Conversion from Traditional IRA to Roth? Think Twice.
Making Intrafamily Loans with Intentionally Defective Grantor Trusts
The IRA: A Solid Estate Planning Tool in Times of Uncertainty
How MaaS Is Revolutionizing Manufacturing
Export Tax Incentives for Manufacturers
Meals & Entertainment
Credit Risk Management in an Unpredictable Environment
Insurance Companies and the IRS: A Downward Trend in Examinations
Exempt Organizations: IRS Issues Final Rules on 21% Excise Tax on...
Coloring Inside the Lines of Nonprofit Governance
How Does Your Industry Affect Your Cybersecurity Risk?
USDA Issues Final Rules on Hemp Production
Not-So-Safe Harbor? Navigating the QBI Rules for Rental Real Estate Businesses
Current FDICIA Regulatory Relief – What You Need to Know Now...
Disasters Never Rest, Take Time to Plan for Recovery
5 Things to Remember About Substantiating Charitable Donations
Yes, Operational Planning Is Still Important
Does Your Home Office Qualify for a Tax Deduction?
Shutting Down a Business? Updated Resources Available from IRS
Lending Money to Family? Be Sure to Stay on the Right...
Updates to the Long-Anticipated Compliance Supplement Addendum
Preparing for Third-Party Payer Audits
Virtual Panel – Accounting & Business Outsourcing: Success Stories
Surviving in a Tough Economy: Cash Protection Strategies During an Economic...
Five Ways to Make Invoice Processing More Effective
COVID/CARES Act: How to Account For It and Pass the Single...
Is It Time for Cloud Accounting?
Watching the Horizon: Do You Have the Data You Need to...
Key Factors that Drive Reimbursement in the PDPM Model
Pooled Income Funds Benefit Both Donor and Charity
What’s Behind the Hype About Donor-Advised Funds?
Don’t Get Ready for Fiscal Year-End. Stay Ready.
Accounting & Business Outsourcing: How to Become a Results-Focused, Data-Driven Organization
CECL: Impact to Date and the Road Ahead
Businesses Face Challenges When Expanding Their Remote Workforce
Helpful Tips for Completing Medicare Cost Reports
5 Savvy Black Friday Weekend Shopping Tips to Put In Your...
Technology Innovations Impacting the Insurance Industry
10 Anti-Fraud Recommendations for Community Associations
Tax Implications of Debt and Equity Financing
Don’t Sleep on CECL
Social Engineering Attacks: Considerations for SMBs
Smarter Giving: Four Things to Know When Considering Charitable Contributions
Security Implications of a Remote Work Environment
How Important is Compliance with Government Regulations to a Firm’s Accounting...
Contractors Should Take A Closer Look at Site-Level Profitability
Assembling an Effective Financial Team
Contractors Can Remain Profitable in Down Market
The Pitfalls of Underbidding Projects
PRF Requirements Summary
Prepare, Recover, Emerge Stronger: A Roadmap for Financial Perseverance in Times...
CARES Act and Provider Relief Fund Single Audit
Back to Profitability: How Small Businesses Can Emerge Stronger from Crisis
Virtual Meetings: Tips for Choosing the Right Technology and Conducting a...
Calculating Your Business Interruption Loss
Maintaining Financial Controls in a Disrupted, Remote-Work Environment
How to Increase Your Chances of a Successful Financial Statement Audit
Healthcare Organizations: Are You Ready for New Revenue Recognition Rules?
Business Interruption Losses: Making an Insurance Claim
Cybersecurity Tips for Working From Home
Understanding the Basics of Business Interruption Claims
Stabilizing Your Business: Improvise, Adapt, Overcome
Government Entities: Plan, Protect, Adapt, Overcome
Make the Most Out of Your P&L
How to Arrange a Medical Practice Buy-Sell Agreement that Minimizes Disputes
Is a Captive Right for Your Organization?
Forensic Audits vs. Annual Audits: Taking a Proactive Approach to Protecting...
Automated Bank Reconciliation: An Instant Analysis for Your Business
5 Reasons Business Owners Prefer Outsourced Accounting
Unique Compliance Aspects of Risk Retention Groups
Improve Manufacturing Company Profitability
What’s Your Company’s Cash Flow?
Record Retention Schedule
Preparing for a Single Audit: Understanding the Requirements
A Grant Overview
Understanding Your Responsibilities Within Service Organizations
When Does a Hobby Become a Business?
Make Digital Assets Part of Your Estate Plan
What You Need to Know About the Home Office Deduction
Keeping a Close Eye on Medicare Fraud
Privacy Policies and Data Security Keep Contributions Flowing for Not-for-Profit Organizations
8 Action Steps for Avoiding Nonprofit Online Presence Tax Traps
Impressing Donors with Nonprofit Financial Information
Two Types of Government Termination Benefits
The Growing Threat of Cyberattacks in Manufacturing and How to Prevent...
Is Your Manufacturing Business Ready for the New Revenue Recognition Standard?
A Blueprint for Nonprofit Revenue Recognition Implementation
Qualified Opportunity Zones: A Resource Guide
Clarifying Compliance: A Resource Guide for Healthcare Organizations
Living in a Post-Wayfair World
Citizen Centric Governmental Reporting
How Does Industry Affect Fraud Risk?
Cost-Effective Fraud Protection
Municipal Bond Arbitrage, Billy Ray Valentine, and What They Have in...
Disaster Recovery: Protect Your Assets With the Right Insurance
Don’t Let These 7 Tax Terms Scare You
Three Actions to Help Improve Your Collections Process
Acknowledgments of Nonprofit Donations
UPMIFA – That’s Not a Text
Balance Sheet Reconciliations: Focus on Internal Controls
Charitable Donation Documentation: 6 Answers to Know
Closing a Nonprofit Organization
For Strong Data Security, Give Your Employees Some Backup
Transfer Pricing and Not-For-Profits
Why Fair Value is Becoming a Popular “Celebrity” in the Accounting...
Bracing for Disaster? Prepare to Deduct Casualty Losses
Use a Governmental Performance Audit to See If You Measure Up
Risk Management: Avoiding Crisis & Staying Afloat
Using Internal Controls to Keep a Record of Your Inventory: Storing...
4 Things the IRS Looks for in a Federal Tax-Exempt Application
Using Nonprofit Financial Statements for Future Planning
Implementing Nonprofit ERM Strategies
3 Common Questions & Answers: Nonprofit Audit Committee
Love, Marriage, and Uncle Sam: How Getting Married Affects Your Taxes
7 Benefits of Outsourcing a Not-for-Profit Organization’s Essential Bookkeeping and Payroll...
How the Internet Mystifies the Taxability of Qualified Sponsorship Payments
Tax Planning Reasons to Potentially Establish a Private Foundation
Manufacturing Product Costing
Financial Statement Preparation: 4 Steps to Power Up Business Performance Tracking
What to Consider When Deciding Between a Calendar Year and a...
Best Practices for Nonprofit Volunteer Management
Captive Insurance Overview: Healthcare Provider Industry Highlights
Where to Start When Creating a Business Plan
Small Business Compliance: Are You Sticking to the Law?
Five Steps to Prepare a Disaster Plan for Your Business
Restructuring Organizations Through Tax-Free Business Splits
Taking a Bite Out of Payroll Taxes
How to Protect Yourself from Tax Identity Theft
Anti-Money Laundering (AML) Implications of Human Trafficking
How Manufacturers Should Account for Excess Capacity
3 Questions to Find the Balance of a Seasonal Product Cycle
Opportunity Zones: Open for Business
How to Be Prepared With a Business Continuity Plan
What is a Governmental Component Unit?
4 Steps on the Path to Timely Payments
Understanding the Management’s Discussion and Analysis (MD&A) Disclosure
The Evolution of the Bank Secrecy Act
Business Valuation Can Avoid a Merry-Go-Round During Divorce Proceedings
The Continued Importance of Risk Assessment for Financial Institutions
The Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Audit Revisited
Opportunity Zones are Knocking: Should You Answer?
It’s Time to Review and Update Your Partnership Agreement
Using Internal Controls to Keep a Record of Your Inventory: Costing...
Clear Reliable Insights: GASB 87
How to Manage Supplier Costs and Keep Your Business Balanced
3 Ways Public Companies Can Iron Out SEC Audit Processes
Travel Guide for Your Start-Up’s Journey to Success
How to Become the Boss of Your Digital Assets
Steering Clear of Bookkeeper Liability Hazards
Four Must-Have Features When Selecting an Auditor
Will Your Cybersecurity Defense System Protect Your Organization?
“Yours, Mine, or Ours?”: Identifying and Valuing Marital Property
One Taxing Situation: South Dakota vs. Wayfair, Inc
IRS Correspondence Letter: Your New Pen Pal the IRS
Is Your Bank’s Audit Committee Reaching the Summit of their Potential?
Will Your Cost Segregation Methodology Hold Water With the IRS?
Understanding Terms Found in Common Business Interruption Policies
Business Interruption Claims Can Prevent the Unexpected
How the SEC Bridges the Divide Between GAAP and Non-GAAP Financial...
An Origin Story About Captives
Sail Smoothly Through Those Saving or Shredding Decisions
The Opportunities of Effective Risk Management
How the Pooling Method Can Help Bring Your Property Value to...
Why Strong Internal Controls Are Necessary for a Healthy Business
3 Governance Policies Every Business Should Have in Writing
Avoid the Punch of Ransomware
4 Business Seasons When You Should Consider a Virtual CFO or...
Whaling Cyberattacks: What You Need to Know
The Importance of Diversifying Your Customer Base
How to Maximize Business Sale and Successfully Exit
4 Simple Solutions to Improve Financial Reporting Timeliness without Breaking the...
8 Steps for Cleaning Up a Tax Return Identity Theft Train...
Unearthing Occupational Fraud in Your Business
Life Insurance Tax Strategies: Maximizing this Multi-Use Tool
Watch for These 3 Signs of Employee Fraud
Join Our Conversation
Subscribe to our e-communications to receive the latest accounting and advisory news and updates impacting you and your business.