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FASB Issues Guidance on Deferral Dates for Revenue Recognition & Leases...
Today, the FASB issued formal guidance for the deferral dates of two standards. Revenue from Contracts with Customers (more commonly referred to as ‘Rev rec’) has been deferred by one year for certain...
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Senate Approves Payroll Protection Flexibility Act | Freed Maxick
The U.S Senate passed the House version of the Payroll Protection Program Flexibility Act Wednesday night and sent to the President for signature. The following is a summary of the highlights of the...
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Paycheck Protection Program Flexibility Act – Update
The President recently signed the Paycheck Protection Program Flexibility Act (PPPFA) -the following is a summary of the highlights of the legislation:Extends 8 week “covered period” to 24 weeks or...
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BSA/AML Risk Assessments and the Bank Secrecy Act | Freed Maxick
I recently attended a very informative webinar by BankWebinars.com regarding the April 2020 update to the BSA-AML Examination Manual. While I had read the update, essentially a re-format of the...
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Paycheck Protection Program Flexibility Act Update | Freed Maxick
Although the PPPFA was just signed by the President last Friday, there have been a few important developments the last few days to bring to your attention:The Treasury and SBA now says that additional...
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Reopening Western New York – Webinar Series (Part 2) | Freed Maxick
In the second of a four-part series, the professionals of Bond, Schoeneck & King and Freed Maxick discuss the practical challenges being faced by employers as the reopening process continues in...
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Main Street Lending Program Proposed Expansion for Nonprofits | Freed Maxick
OverviewOn Monday, June 15th, the Federal Reserve issued a press release announcing that it will be seeking public feedback on the proposed expansion of the Main Street Lending Program to nonprofit...
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SBA Issues EZ PPP Application and Updated Guidance | Freed Maxick
The U.S. Small Business Administration (SBA), in consultation with Treasury, recently released a revised loan forgiveness application for the Paycheck Protection Program (PPP), along with unveiling a...
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Data Governance Best Practices | Freed Maxick
As organizational data becomes more and more critical to drive key business decisions, the need for a comprehensive data governance program is growing. The Data Governance Institute defines data...
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Active Directory Cybersecurity: Five Best Practices | Freed Maxick
With the current state of the world in 2020, more companies than ever before have needed to leverage technology resources to continue their operations with employees working remotely. With that has...
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Entity Level Controls and Associated Risks | Freed Maxick
Entity Level Controls (ELCs) are “controls that operate pervasively across and throughout the organization to mitigate risks threatening the organization as a whole and to provide assurance that...
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Opportunity Zones & IRS Guidance Updates | Freed Maxick
On June 4, 2020, the IRS released Notice 2020-39 which provides relief under the federal Qualified Opportunity Zone (“QOZ”) program as follows:1.) 180-Day Investment Requirement for QOF Investors2.)...
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Data Governance Best Practices | Freed Maxick
A major buzzword that is being discussed currently by most, if not all companies is data governance. Data governance is a comprehensive approach to the way an organization manages, collects, uses and...
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Active Directory Audit Checklist: 5 Planning Considerations
When planning an Active Directory audit, there are 5 areas the auditor should consider that are most important to understand the overall picture of the Active Directory environment.1.) Active Directory...
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Active Directory Risks: 5 Lesser Known Threats
The business world is well accustomed to the services, tools, and benefits that Microsoft Active Directory (AD) can provide to organizations. It is used by millions of organizations with billions of...
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Reopening Western New York – Webinar Series (Part 3) | Freed Maxick
In the third of a four-part series, the professionals of Bond, Schoeneck & King and Freed Maxick discussed the practical challenges being faced by employers as the reopening process continues in...
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Reopening Western New York – Webinar Series (Part 4) | Freed Maxick
In the final session of our four-part series, a panel of professionals from Bond, Schoeneck & King and Freed Maxick discussed some of the most common questions received from you, the audience,...
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Federal Reserve Providing Greater Access to Credit for Nonprofit...
OverviewOn Monday, June 15th, the Federal Reserve issued a press release announcing that it will be seeking public feedback on the proposed expansion of the Main Street Lending Program to nonprofit...
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Remote Work Cybersecurity Best Practices | New Cybersecurity Threats
Using the NIST CSF Checklist to Assess the Cybersecurity of Your New Workforce ModelsFor virtually all employers, business continuity and survival have become a function of trying to reorganize people...
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Proactive Cybersecurity: How To Make Cybersecurity Defenses as Unbreakable as...
Top 6 Characteristics of a Proactive Cybersecure Organization There’s no such thing as a perfectly secure and unbreakable cybersecurity defense but CEOs of for-profit and not-for-profits of all sizes...
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