The Top Ten Topics for Audit Committees to Consider in 2019 Publication | Feb 15, 2019 More About | Financial Services | Regional and Community Financial Institutions Following an active year of developments in the political and regulatory environment, significant tax law changes coming into effect, rapid advancements in technology and innovation, and robust eco... Read More
The Risk Management Flash - Vol 2 Issue 1 Publications | Jan 29, 2019 More About | Regional and Community Financial Institutions A summary of risk management developments for regional and community financial institutionsTopics Covered in this Issue Federal Reserve Supervision and Regulation Report Agencies Propose Rul Read More
Model Risk Management Guiding Principles For Community Bank Organizations Publication | Jan 23, 2019 More About | Financial Services | Regional and Community Financial Institutions With the adoption of the existing Supervisory Guidance on Model Risk Management by the Federal Deposit Insurance Corporation (FDIC) in 2017, banks with assets greater than $1 billion are expected t... Read More
Implementation Considerations for Leases: Initial Direct Costs Publication | Jan 03, 2019 More About | Financial Services | Regional and Community Financial Institutions | Lease Accounting As financial institutions work toward successful implementation of Accounting Standards Codification Topic 842, Leases (ASC 842), one area that may be of particular importance is accounting for the in Read More
DHG Financial Services Welcomes Steven Khoury as Manager in Texas Firm News | Jan 03, 2019 More About | Dallas/Fort Worth, TX | Regional and Community Financial Institutions Fort Worth, T.X., January 3, 2019 – Dixon Hughes Goodman, a U.S. top 20 public accounting and advisory firm, is pleased to announce that Steven Khoury, CPA, has joined the DHG Financial Services pr... Read More
Opportunity Zone Tax Incentive Promotes Investments in Distressed Communities Alert | Dec 18, 2018 More About | Regional and Community Financial Institutions On Oct. 19, 2018, the U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations anda revenue ruling to provide guidance to taxpayers with respect to the Opportun... Read More
FASB Proposes Narrow Scope Changes to Credit Loss Standard Alert | Dec 05, 2018 More About | Financial Services | Regional and Community Financial Institutions | Assurance On November 19, 2018, the Financial Accounting Standards Board (FASB) released an exposure draft that contained proposed changes to Accounting Standards Update (ASU) 2016-13 Financial Instruments –... Read More
CECL and Complying with the Regulatory Guidance on Model Risk Management Publication | Dec 04, 2018 More About | Financial Services | Regional and Community Financial Institutions Where are we today?While larger community and regional banks are well attuned to the regulatory guidance on model risk management and have established policies and procedures to comply with the gu... Read More
Asset Size Does Not Matter: Enterprise Risk Management Expectations for Financial Institutions Less Than $10 Billion Publications | Nov 14, 2018 More About | Financial Services | Regional and Community Financial Institutions The traditional school of thought in banking has been that asset size matters in terms of regulatory expectations around enterprise risk management (ERM). However, is it the institution’s asset siz... Read More
Additional Tax Guidance Provided Related to Business Meals & Entertainment Deduction Alert | Nov 05, 2018 More About | Regional and Community Financial Institutions Golf Tickets and Nachos: Only One Is 50 Percent Deductible NowOn Oct. 3, 2018, the IRS issued Notice 2018-76, which clarified changes to the meals and entertainment deduction. This notice provide... Read More
The Risk Management Flash - Vol 1 Issue 2 Publications | Oct 26, 2018 More About | Financial Services | Regional and Community Financial Institutions A summary of risk management developments for regional and community financial institutions Read More
2018 AICPA National Conference on Banks & Savings Institutions Highlights Oct 05, 2018 More About | Financial Services | Regional and Community Financial Institutions New Regulations, Accounting Standards on the Horizon and CECL: One Year Closer to Implementation The American Institute of Certified Public Accountants (AICPA) held its National Conference on Bank... Read More
The Risk Management Flash - Vol 1 Issue 1 Aug 31, 2018 More About | Regional and Community Financial Institutions A summary of risk management developments for regional and community financial institutions Topics Covered in this Issue Updated OCC Community Bank Supervision Handbook Regulatory Focu... Read More
Accounting Standards Updates DHG TV | Aug 22, 2018 More About | Regional and Community Financial Institutions As accounting standards continue to be updated, there will be new opportunities for businesses to consider tax efficiencies while adopting CECL, leases and more. Read More
Strategy Execution Viewpoint: Effective M&A is about More Than the Numbers Aug 14, 2018 More About | Regional and Community Financial Institutions In today’s relatively benign credit environment, poor merger integration often leads to transactions failing to meet strategic and financial goals. The breakdown typically occurs in the middl... Read More
Strategy Execution Viewpoint: Challenges Should Be Explicitly Addressed and Embraced Jul 30, 2018 More About | Regional and Community Financial Institutions Strategy selection is about making well-informed strategic choices and accepting trade-offs. Too few community banks formally address risk during their strategic planning process, while establishin... Read More
CECL Adoption Date Relief alert | Jul 27, 2018 More About | Regional and Community Financial Institutions On July 25, the Financial Accounting Standards Board (FASB) tentatively reached a decision to clarify the implementation dates for the new current expected credit loss (CECL) standard. The tentativ... Read More
Interest Rate Risk: Managing for Today and Planning Ahead for Future Challenges Jul 17, 2018 More About | Regional and Community Financial Institutions Interest Rate Risk (IRR) Management The federal funds rates (rates) have been extremely low for an unprecedented period of time. With recent rate increases, primarily resulting in increased yields... Read More
DHG Financial Services Welcomes Enterprise Risk Management Leader Mike Dempsey Firm News | Jul 03, 2018 More About | Raleigh, NC | Regional and Community Financial Institutions Raleigh, N.C., July 3, 2018 – Dixon Hughes Goodman, a U.S. top 20 public accounting and advisory firm, is pleased to announce Mike Dempsey, Senior Manager, joined the DHG Financial Services p... Read More
Compliance Advisor (Volume 1, Issue 1) Jun 25, 2018 More About | Regional and Community Financial Institutions a summary of compliance developments for regional & community financial institutions June 25, 2018 Regulatory Relief Becomes Law On May 24, 2018, the President signed the Economic Growth, Re... Read More
Does your company defer revenue for tax purposes related to original issue discount (OID)? alert | Jun 05, 2018 More About | Regional and Community Financial Institutions The Tax Cuts and Jobs Act (P.L 115-97, or the Act), introduces a significant change with regard to the timing of income recognition for certain revenues, including OID. The Act requires accrual met... Read More
Dixon Hughes Goodman to Admit Ashley Ensley as Partner Region News | May 16, 2018 More About | Dallas/Fort Worth, TX | Financial Services | Regional and Community Financial Institutions Ensley to Lead DHG Financial Services Practice in Texas Fort Worth, Texas, May 16, 2018 – Dixon Hughes Goodman, a U.S. top 20 public accounting and advisory firm, is pleased to announce ... Read More
Top CEOs Share Their Success Strategies DHG TV | May 11, 2018 More About | Regional and Community Financial Institutions DHG recently embarked on a research initiative to listen to the success stories of top-performing community bank CEOs. The past decade has resulted in tremendous economic shifts, with significant c... Read More
Top CEOs Share Their Success Strategies Publication | May 10, 2018 More About | Regional and Community Financial Institutions DHG recently embarked on a research initiative to listen to the success stories of top-performing community bank CEOs. The past decade has resulted in tremendous economic shifts, with significant c... Read More
Financial Services Alert: Tax Reform Creates a New Income Tax Credit for Employers Providing Family and Medical Leave to Employees alert | Apr 26, 2018 More About | Regional and Community Financial Institutions | Tax Reform Does your company voluntarily offer paid family and medical leave for your employees under the Family Medical Leave Act (FMLA) of 1993? If so, you could be eligible for an income tax credit. The T... Read More
Financial Services Alert: Tax Reform Leads to Changes in Meals & Entertainment Deductions alert | Apr 02, 2018 More About | Regional and Community Financial Institutions The Tax Cuts and Jobs Act (P.L. 115-97) made sweeping changes to the tax law, including the deductions for certain meals and entertainment activities. This deduction can be significant for certain ... Read More
Financial Services Alert: IRS Priority Guidance Plan Update alert | Mar 07, 2018 More About | Regional and Community Financial Institutions On Feb. 7, 2018, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) released the second quarter update to the 2017-2018 Priority Guidance Plan. The 2017-2018 plan covers the... Read More
The IRS and Treasury Department Update Guidance on Employer Withholding alert | Mar 01, 2018 More About | Regional and Community Financial Institutions | Tax Reform The Tax Cuts and Jobs Act (the Act), P.L. 115-97, signed into law on Dec. 22, 2017, required the Internal Revenue Service and the Treasury department to update guidance regarding the employer withh... Read More
Accounting and Reporting Implications of the New Tax Law alert | Feb 27, 2018 More About | Regional and Community Financial Institutions | Tax Reform On Jan. 18, 2018, the Federal Reserve Board, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency issued an Interagency Statement (the Statement) in response to t... Read More
Bank CEO’s Success Strategies; A Conversation with DHG Financial Services Firm Blog | Dec 19, 2017 More About | Regional and Community Financial Institutions On the latest episode of Bryan Cave's The Bank Account podcast, Rob Klingler had a conversation with Suzanne Donner* and Bill Walton* of DHG Financial Services to discuss their new whitepaper on th... Read More
Executive Summary: Delivering Superior Performance – CEOs Share Timeless Success Strategies Dec 14, 2017 More About | Regional and Community Financial Institutions The past decade has resulted in tremendous shifts in the macroeconomic environment and significant consolidation among community, regional and national financial institutions. When asked ... Read More
Two Action Items for the Fourth Quarter to Continue Momentum on CECL Implementation Nov 30, 2017 More About | Regional and Community Financial Institutions As the year comes to a close, many of us will shift our attention away from internal projects to focus on year-end results and external reporting. With this concentration on financial results, it i... Read More
Heather Cozart Named NCACPA Diversity and Inclusion Task Force Chair news | Nov 30, 2017 More About | Raleigh, NC | Regional and Community Financial Institutions Charlotte, N.C., November 30, 2017 – Dixon Hughes Goodman, a U.S. top 20 public accounting and advisory firm, is pleased to announce that Heather Cozart, Managing Partner of DHG&rsquo... Read More
Dixon Hughes Goodman Shares Insight from Top-Performing Community Bank CEOs in New Whitepaper news | Nov 27, 2017 More About | Regional and Community Financial Institutions Charlotte, N.C., Nov. 27, 2017 – Dixon Hughes Goodman (DHG) interviewed successful community bank chief executive officers to learn strategies, trends and predictions for the near-term to... Read More
PCAOB Adopts New Auditor’s Reporting Model Nov 09, 2017 More About | Regional and Community Financial Institutions The Public Company Accounting Oversight Board (PCAOB) has adopted, and the Securities and Exchange Commission (SEC) has approved, a new standard, The Auditor’s Report on an Audit of Financial... Read More
Adam Thomas to Serve as Office Managing Partner in Tampa news | Oct 12, 2017 More About | Jacksonville, FL | Financial Services | Insurance | Regional and Community Financial Institutions Will Lead DHG Financial Services Practice in Florida and Expand into Other Industries Tampa, Fla., Oct. 12, 2017 – Adam Thomas, Partner in DHG Financial Services, is relocating from the firm... Read More
2017 AICPA National Conference on Banks & Savings Institutions Highlights Sep 27, 2017 More About | Regional and Community Financial Institutions Front and Center: Hot Topics, New Standards and CECL The American Institute of Certified Public Accountants (AICPA) held its National Conference on Banks & Savings Institutions in National Har... Read More
New Accounting Standard on Financial Instruments: A Refresher Sep 20, 2017 More About | Regional and Community Financial Institutions The Accounting Standards Update (ASU) No. 2016-01 – Financial Instruments Overall: Recognition and Measurement of Financial Assets and Financial Liabilities, issued in January 2016, will soon... Read More
End-to End Commercial Lending Process Performance Case Study | Aug 10, 2017 More About | Regional and Community Financial Institutions Planning continued market and business expansion, a regional bank wanted to ensure its commercial loan process was delivering the desired customer experience efficiently across all markets and was ... Read More
Three New Accounting Standard Implementation Deadlines Are Approaching Quickly – Are You Prepared? | Jul 12, 2017 More About | Regional and Community Financial Institutions | Revenue Recognition Three new accounting standards that will significantly impact financial institutions - revenue recognition, leases, and the current expected credit loss (CECL) model standards - are fast approachin... Read More
The CFPB Proposes Amendments to the Final Rule on the HMDA Publications | Jun 06, 2017 More About | Regional and Community Financial Institutions The Consumer Financial Protection Bureau (CFPB or The Bureau) proposes technical corrections and clarifying amendments to the Home Mortgage Disclosure Act (HMDA), Regulation C (2015 HMDA Final Rule... Read More
The Top Ten Topics for Audit Committees to Discuss with External Auditors in 2017 Feb 24, 2017 More About | Financial Services | Regional and Community Financial Institutions Following an active year of developments in the accounting world and regulatory environment, 2017 kicks off with a changing landscape of evolving regulations and politics. To prepare for the year a... Read More
2016 Bank & Capital Markets Tax Institute Conference Summary and Highlights Feb 22, 2017 More About | Regional and Community Financial Institutions The Bank and Capital Markets Tax Institute (BTI) held its 51st Annual Tax Conference in Orlando on Nov. 2 - 4, 2016. DHG was a platinum sponsor of the event and had a large contingent of partners a... Read More
Assist Internal Audit Department with Model Risk Management Case Study | Feb 21, 2017 More About | Financial Services | Regional and Community Financial Institutions A regional bank’s internal audit team wanted to assess the overall effectiveness of its model risk management framework. This included analyzing a sample of model validations, the reported fi... Read More
Transition from in-house to outsourced internal audit model Case Study | Feb 17, 2017 More About | Regional and Community Financial Institutions Following decades of using an in-house internal audit model, a multi-billion dollar regional bank’s Director of Internal Audit retired. The client made the decision to outsource and enhance t... Read More
Contemporary Approach to Strategy Development Case Study | Feb 17, 2017 More About | Financial Services | Regional and Community Financial Institutions Client sought a rigorous, fresh approach to strategic planning. Given the rapidly changing community banking landscape, the client wanted a process that would drive open, objective discussion of ne... Read More
2016 Investment Company Institute Tax and Accounting Conference Highlights Nov 01, 2016 More About | Asset Management | Financial Services | Regional and Community Financial Institutions The Investment Company Institute (ICI) held its 2016 Tax and Accounting Conference in Palm Desert, Calif., on Sept. 26 - 28. Members of DHG's Asset Management team attended the event. The following... Read More
DHG Welcomes David Ruffin and Loan Review Team news | Nov 01, 2016 More About | Raleigh, NC | Financial Services | Regional and Community Financial Institutions | Credit Risk Management Raleigh, N.C., Nov. 1, 2016 – DHG welcomes David Ruffin who will join the DHG Financial Services practice from Credit Risk Management Analytics (CRMa). Ruffin will lead a team of 11 employees to la... Read More
DHG Welcomes Heather Wallace as Financial Services Partner in Birmingham news | Oct 24, 2016 More About | Birmingham, AL | Financial Services | Regional and Community Financial Institutions Birmingham, Ala., October 24, 2016 – Dixon Hughes Goodman (DHG), a U.S. top 20 public accounting and advisory firm, is pleased to announce that Heather Wallace has joined the firm as a Tax Pa... Read More
Virginia Bankers Association 2016 CFO Conference Highlights Sep 05, 2016 More About | Banking | Financial Services | Regional and Community Financial Institutions The Virginia Bankers Association (VBA) held its annual CFO conference in Richmond, Va., on August 28-30, 2016. DHG was honored to be one of the sponsors and presenters at this elite event. The foll... Read More
Internal Audit – Are You Ready for Your Next Regulatory Exam? Aug 30, 2016 More About | Banking | Financial Services | Regional and Community Financial Institutions Now that we are well past the recent crisis, regulators are shifting focus from credit matters to other areas of the bank, including: information technology and cybersecurity, strategic planning, i... Read More
The Wait is Over: Planning for Day 1 of CECL Apr 28, 2016 More About | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions | Risk Advisory On Wednesday, April 27th, 2016 the Financial Accounting Standards Board (FASB) voted to move forward with the second part of their financial instruments project related to credit impairment, commonly Read More
SBA 7(a) Loan Origination and Sale Accounting: A Simplified Look at Frequent Accounting “Surprises” Often Encountered by Community Banks Mar 22, 2016 More About | Banking | Financial Services | Regional and Community Financial Institutions It seems that virtually all community banks are looking for ways to stabilize and enhance revenue streams during this environment of compressed interest rate margins. To that end, many community ba... Read More
DHG Celebrates Women’s History Month news | Mar 01, 2016 More About | Banking | Regional and Community Financial Institutions Charlotte, N.C., March 1, 2016 – In celebration of Women’s History Month, DHG has planned a month-long educational campaign to promote and recognize the advancement of women in ... Read More
(P)Lease Help! Understanding and Preparing for the New Lease Standard Publication | Feb 29, 2016 More About | Global and National Financial Institutions | Manufacturing & Distribution | Regional and Community Financial Institutions | Assurance | Risk Advisory | Lease Accounting On February 25, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, a new standard that will govern the accounting for lease contracts for public co Read More
Revenue Recognition Standard: Implementation Considerations for Financial Institutions | Feb 18, 2016 More About | Banking | Financial Services | Regional and Community Financial Institutions | Revenue Recognition In May 2014, the Financial Accounting Standards Board (FASB) issued a new revenue recognition standard – Accounting Standards Codification Update 2014-09, Revenue from Contracts with Customer... Read More
Accounting for Investments in Renewable Energy Feb 03, 2016 More About | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions Over the last 10 years, the renewable energy industry has experienced rapid growth. This growth continues to be driven by knowledgeable entrepreneurs, public policy and changing societal priorities... Read More
DHG Financial Services Welcomes Regulatory Compliance Leaders Michelle Nuckols and Ann Barrar news | Dec 15, 2015 More About | Richmond, VA | Asset Management | Banking | Financial Services | Regional and Community Financial Institutions Richmond, Va., December 11, 2015 – DHG is pleased to announce Michelle Nuckols, Senior Manager, and Ann Barrar, Senior Consultant, joined the DHG Financial Services practice. Based in Richmon... Read More
FICO XD – An Opportunity for Growth Nov 12, 2015 More About | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions What is FICO XD? Fair Isaac Corp. (FICO), the creator of the most commonly used credit scores in consumer lending, announced a new FICO scoring formula designed to target consumers that do not hav... Read More
Adam Thomas Announced as New Partner in the DHG Financial Services Practice news | Nov 02, 2015 More About | Raleigh, NC | Asset Management | Banking | Financial Services | Regional and Community Financial Institutions Raleigh, N.C., Nov. 2, 2015 – DHG is pleased to announce that Adam Thomas was elected to partner, effective Nov. 1, 2015. Thomas is a member of the DHG Financial Services practice in Raleigh,... Read More
Dixon Hughes Goodman Announces 16 New Partners and Principals news | Oct 27, 2015 More About | Tysons, VA | Financial Services | Global and National Financial Institutions | Healthcare | Regional and Community Financial Institutions | Assurance | Risk Advisory | Tax | Healthcare Consulting | Center for Industry Transformation Charlotte, N.C., October 27, 2015 – DHG, one of the nation’s top 20 public accounting firms, is pleased to announce that the firm will admit 16 new partners and princip... Read More
SECFMS and IIA Triad Chapter Fall Conference Highlights Oct 16, 2015 More About | High Point, NC | Banking | Financial Services | Regional and Community Financial Institutions The Southeastern Chapter of the Financial Managers Society (SECFMS) and the Triad chapter of the IIA held a joint fall conference in High Point, N.C., on Oct. 8 and 9, 2015. Representatives of the ... Read More
Don’t Let CECL Consume ALL Your Attention: Tips to Keep Your Incurred Loss Model Top of Mind Oct 16, 2015 More About | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions With the spotlight focused on the much anticipated Current Expected Credit Loss (CECL) guidance, has the incurred loss model for the allowance for loan losses (allowance) taken a backseat with bank... Read More
DHG to Present at Bank & Capital Markets Tax Institute news | Oct 07, 2015 More About | Tampa Bay, FL | Banking | Financial Services | Regional and Community Financial Institutions | Tax Charlotte, N.C., October 7, 2015 – DHG will present on two topics at this year’s Bank & Capital Markets Tax Institute (BTI 2015). The Tax Managing Partner for DHG Financial Services... Read More
Chip Cards: How They Can Improve Your Financial Health Sep 25, 2015 More About | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions | IT Advisory What Is EMV Chip Card Technology? Deriving its name from Europay, MasterCard and Visa, EMV™1 is a global standard for credit and debit payment cards based on chip technology. Unlike the more... Read More
Managing Risk: Best Practices for Model Risk Management and Model Validation Sep 21, 2015 More About | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions Where are we today? The term “model validation” has become a hot topic among regulators and other stakeholders in recent years. DHG, however, believes that the entire model risk manage... Read More
Virginia Bankers Association 2015 CFO Symposium Highlights Sep 21, 2015 More About | Richmond, VA | Banking | Financial Services | Regional and Community Financial Institutions The Virginia Bankers Association (VBA) held its annual CFO conference in Richmond, Va., on August 24-26, 2015. DHG was honored to be one of the sponsors and presenters at this elite event. The foll... Read More
Surface Transportation Act of 2015 – Information Returns on Qualified Mortgage Loans & New Requirements Sep 14, 2015 More About | Banking | Financial Services | Mortgage Companies | Regional and Community Financial Institutions On July 31, 2015, the president signed into law the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (H.R. 3236) (the Act). The Act was necessary to provide a three-mo... Read More
Does Your Compliance Management System Pass The Regulator Test? Aug 31, 2015 More About | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions | Risk Advisory A compliance management system (CMS) is the method by which a bank manages the entire compliance process. Amongst the prudential bank regulators (OCC, CFPB, FRB and FDIC) there are consistent theme... Read More
New FFIEC Cybersecurity Assessment Tool: Guidance to Assist Community Banks with Evaluation of Security Controls Aug 25, 2015 More About | Banking | Financial Services | Regional and Community Financial Institutions | IT Advisory The Federal Financial Institution Examination Council (FFIEC) recently released new guidance to assist financial institutions when assessing and mitigating the myriad of cybersecurity risks. The re... Read More
DHG to Present on Ethics and Accounting & Tax Update at the Virginia Bankers Association CFO Conference news | Aug 20, 2015 More About | Richmond, VA | Financial Services | Regional and Community Financial Institutions Richmond, Va., August 19, 2015 – Paul Thompson, Partner, and Dave Niles, Partner, will present at the Virginia Bankers Association (VBA) CFO Conference. Thompson will lead the Ethics Session,... Read More
DHG to Present Effective Model Risk Management at AICPA National Conference on Banks & Savings Institutions news | Aug 20, 2015 More About | Banking | Financial Services | Regional and Community Financial Institutions Charlotte, N.C., August 20, 2015 – Robin Sawyer, Partner, and Jared Forman, Principal, will present Effective Model Risk Management at the AICPA National Conference on Banks & Savings Ins... Read More
Preparing for CECL Aug 14, 2015 More About | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions The financial services industry has been closely following the Financial Accounting Standards Board’s (FASB) proposed guidance for credit impairment. The current exposure draft was issued in ... Read More
DHG’s Walter McNairy and Robin Sawyer to Present on Allowance for Loan and Lease Losses Topics at Sageworks’ 2015 Risk Management Summit news | Jul 21, 2015 More About | Banking | Financial Services | Regional and Community Financial Institutions Raleigh, N.C., July 21, 2015 – Walter McNairy, Managing Partner of the DHG Financial Services practice, and Robin Sawyer, DHG Financial Services Partner, will present two sessions on Allowanc... Read More
The Proposed Lease Accounting Standard – A Lessee Perspective Publication | Jul 07, 2015 More About | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions | Risk Advisory | Lease Accounting On August 17, 2010, FASB and the IASB jointly issued a proposal for a new lease accounting standard that would require most leases to be recorded on the balance sheet. The effort is to increase transp Read More
Mobile Point-of-Sale Technology: What are the Key Risks? Jun 30, 2015 More About | Global and National Financial Institutions | Manufacturing & Distribution | Regional and Community Financial Institutions | Retail | Risk Advisory | Technology Services Despite the growth of e-commerce, many retailers derive a large percentage of their sales from physical stores. Therefore, retailers are constantly looking at ways to optimize their store operation... Read More
Social Media and Its Impact on ERM Jun 10, 2015 More About | Global and National Financial Institutions | Regional and Community Financial Institutions | Advisory | Risk Advisory ERM is a methodology for managing risk. It includes identifying a risk appetite, assessing risk, integrating risk management in daily decisions, and monitoring risks. With its immense growth, size an Read More
Robin Sawyer to Present on Model Risk Management and Model Validation for Community Banks at the Maryland Bankers Association Annual Convention news | May 21, 2015 More About | Banking | Financial Services | Regional and Community Financial Institutions Rockville, Md., May 21, 2015 – Robin Sawyer, Partner in the DHG Financial Services practice, will present a Power Hour session, Model Risk Management and Model Validation for Community Banks,... Read More
On the Horizon - Managing the End of Loss Share Agreements May 05, 2015 More About | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions As memories of the financial crisis of 2007 - 2009 fade away, a number of financial institutions are still dealing with the Loss Share Agreements (LSAs) entered into with the Federal Deposit Insura... Read More
Increasing Regulatory Focus on Cybersecurity Risk at Community Banks Apr 30, 2015 More About | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions | IT Advisory The increasing number of data security compromises at financial institutions has prompted regulatory agencies to increase scrutiny around how banks protect confidential client data. In March 2015... Read More
COSO 2013 Framework – Where Are We Now? Apr 29, 2015 More About | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions In May 2013, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released Internal Control - Integrated Framework (2013 Framework), which is an update to the original Intern... Read More
Heather Cozart, DHG Partner, Receives Triangle Business Journal “40 Under 40” Award news | Apr 22, 2015 More About | Raleigh, NC | Banking | Broker-Dealers & Registered Investment Advisors | Financial Services | Regional and Community Financial Institutions Raleigh, N.C. April 22, 2015 – Heather Cozart, a Partner in DHG’s Financial Services Group, is a recipient of this year’s “40 Under 40” award from the Triangle Busines... Read More
It’s Finally Here – BASEL III First Quarter 2015 Call Report Changes for Community Banks Mar 23, 2015 More About | Banking | Financial Services | Regional and Community Financial Institutions The ink on the Basel Committee on Banking Supervision’s BASEL II accords had barely dried when the financial crisis of 2007-2009 erupted. Policymakers and regulators quickly realized that the... Read More
DHG will host Comprehensive Capital Analysis & Review Internal Audit Training news | Mar 05, 2015 More About | New York, NY | Banking | Financial Services | Regional and Community Financial Institutions New York, N.Y, March. 05, 2015 – DHG Risk Advisory Practice, will host a Comprehensive Capital Analysis & Review Internal Audit Training on March 10th in New York City. DHG will address t... Read More
Dodd-Frank Act Stress Testing for Mid-Size Banks: No Difference from Large Banks in the Quality and Credibility of Results Jan 26, 2015 More About | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions | Advisory | Risk Advisory Overview One of the key features of the Dodd-Frank Act is for certain financial institutions to conduct annual stress tests in order to assess their capital adequacy and ability to absorb losses ... Read More
Recent Changes to the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual Jan 23, 2015 More About | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions | Advisory | Risk Advisory For quite some time, U.S. Regulators have made it clear that compliance functions, including BSA / AML, should be independent from a financial institution’s lines of business. Now, more than ... Read More
Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure Jan 13, 2015 More About | Banking | Financial Services | Global and National Financial Institutions | Mortgage Companies | Regional and Community Financial Institutions The Financial Accounting Standards Board (FASB) released Accounting Standards Update No. 2014-04 in January 2014 as a consensus of the FASB Emerging Issues Task Force. This guidance applies to len... Read More
Managing 2015 Compliance Priorities Jan 13, 2015 More About | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions | Advisory | Risk Advisory In their recent webinar, “Managing 2015 Compliance Priorities”, the ABA highlighted several key compliance requirements which will be new or revised for 2015. The new or revised complia... Read More
2014 AICPA Banking Conference Highlights Oct 23, 2014 More About | Raleigh, NC | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions The American Institute of Certified Public Accountants (AICPA) held its National Conference on Banks and Savings Institutions in National Harbor, MD, on September 8-10, 2014. Once again, Dixon Hugh... Read More
Transfer Pricing and Managing your Reputational Risk Oct 21, 2014 More About | Global and National Financial Institutions | Regional and Community Financial Institutions | Advisory | Risk Advisory | Tax | International Tax The use of transfer pricing strategies has recently attracted a significant amount of international and domestic attention – much of which has caused great impairment to many companies’... Read More
PCAOB Issuer and Auditor Conference Highlights Oct 16, 2014 More About | Richmond, VA | Banking | Financial Services | Regional and Community Financial Institutions The Greater Washington Society of CPAs ("GWSCPA") hosted its first annual PCAOB Issuer and Auditor Conference in Washington, D.C., on June 9, 2014. This summary does not capture all of the discussi... Read More
Don’t Be a Victim of Occupational Fraud – Act Now! Sep 17, 2014 More About | Banking | Financial Services | Regional and Community Financial Institutions | Advisory | IT Advisory | Risk Advisory | Forensics | Fraud & Corporate Investigations In the wake of the business world’s technological evolution, incidents of fraud within organizations have drastically increased. According to the Association of Certified Fraud Examiners, org... Read More
Regulation W: Understanding its Relationships and Rules Sep 10, 2014 More About | Banking | Financial Services | Global and National Financial Institutions | Regional and Community Financial Institutions | Advisory | Risk Advisory | Valuation Services As part of the Federal Reserve Act’s intention to protect the sanctity of banks, sections 23A and 23B under Regulation W have been in effect since 1933 and have presented multiple layers of... Read More