Understanding Information Technology Risk Assessments

Apr 1, 2007

While organizations recognize that they need to minimize, transfer or eliminate risks and the associated threats and vulnerabilities, applying this recognition to everyday operations is not always easy. In practice, organizations must be able to addr ...

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The Bottom Line: Making Money is Good, but Keeping it is Priceless

Apr 1, 2007

The Bottom Line: Making Money is Good, but Keeping it is Priceless By Ira Silver, CPA (isilver@mbafcpa.com) published in Professional Auto News With the April 15th tax date approaching at top speed, dealerships should consider checking in for a full ...

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Market Share: The Big Picture

Mar 1, 2007

MARKET SHARE: THE BIG PICTURE By Tony Argiz, CPA, ASA, ABV, CFE (targiz@mbafcpa.com) and Phil Villegas (pvillegas@mbafcpa.com) published in Professional Auto News Webster defines market share “as the percentage of sales of a particular product ...

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For Results that Count, Invest in Training for the Accounting Office

Feb 1, 2007

For Results that Count, Invest in Training for the Accounting Office By Phil Villegas (pvillegas@mbafcpa.com) published in Professional Auto News All too often, a dealership’s accounting office is viewed as a strict expense, a necessary functio ...

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Foreign Banks Can Count On Benefits From New U.S. Treasury Regulations

Jan 1, 2007

In August 2006, the U.S. Treasury Department issued important modifications to the tax interest expense deduction regulation for foreign banks engaged in a U.S. trade or business. For U.S. income tax purposes, foreign banks engaged in a U.S. trade or ...

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Banking Organizations and Examiners are On Track with New Guidance on Accounting for the Allowance for Loan and Lease Losses

Jan 1, 2007

On December 13, 2006, the Public Company Accounting Oversight Board (PCAOB) welcomed the revised “Interagency Policy Statement on the Allowance for Loan and Lease Losses” (ALLL), issued by the federal banking agencies and the National Cre ...

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To Safeguard Customer Information, Financial Institutions Must Pay Close Attention to Access Controls

Jan 1, 2007

In addition to the reams and piles of paper with which most financial institutions capture, store, and communicate customer information, a variety of critical technology systems are also employed to track and transmit customer data. There is of cours ...

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Update: MBAF to Exhibit at FIBA's Anti-Money Laundering Compliance Conference February 13-14

Jan 1, 2007

MBAF will be an exhibitor at this year’s Florida International Banking Association’s (FIBA) annual Anti-Money Laundering (AML) Compliance Conference on February 13-14, 2007 at the Radisson Hotel in Miami. The conference, attended by top i ...

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As 2006 Ends and the New Year Begins, Auto Dealership Should Focus On Effective Tax Strategies

Jan 1, 2007

As 2006 Ends and the New Year Begins, Auto Dealership Should Focus On Effective Tax Strategies By Santiago Pujals, CPA (spujals@mbafcpa.com) and Daniel Flugrath CPA, CFP (dflugrath@mbafcpa.com) published in Professional Auto News As 2007 begins, deal ...

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Redefining the Dealership: How a New, More Transparent Sales Process Will Lead to a New Way of Managing Expenses

Dec 1, 2006

For dealerships facing new financial challenges, the future of the automotive retail industry has been the subject of great speculation, and even greater frustration. As dealers attempt to find quick fixes to their revenue woes, long-term, structural ...

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