Management Reviews of SAS70 Reports

Jul 1, 2008

Financial Institutions that utilize Third Party Administrators/ Processors (TPAs) need assurance that the internal controls environment of the TPA meets their needs as part of their vendor management programs. Increasingly, the standards imposed on f ...

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Employee Retention Strategies to Help Dealers Navigate Difficult Economic Times

Jul 1, 2008

Employee Retention Strategies to Help Dealers Navigate Difficult Economic Times By Marc S. Dickler, CPA ( mdickler@mbafcpa.com ) and Phil Villegas (pvillegas@mbafcpa.com) published in Professional Auto News Finding and keeping top employees is always ...

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Hurricane Planning: What Dealers Need to Know

Jun 1, 2008

When a storm is on the way, here is what you should do before locking up the dealership: Get two back-up tapes of your system, including the configuration tape. One should go with the Controller, the other with the GM. Print out a list of all your em ...

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Preparing for Hurricane Season and Other Potential Disasters Can Save Dealers Time and Money Down the Road

Jun 1, 2008

Preparing for Hurricane Season and Other Potential Disasters Can Save Dealers Time and Money Down the RoadBy Tony Argiz, CPA/ABV, ASA, CVA, CFE (targiz@mbafcpa.com) and Stuart Rosenberg, CPA/ABV (srosenberg@mbafcpa.com)published in Professional Auto ...

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New Revenue Procedures Offer Important Guidance for Auto Dealers

May 1, 2008

New Revenue Procedures Offer Important Guidance for Auto DealersBy Rosamaria Bravo, CPA (rbravo@mbafcpa.com) and Ed Blum, CPA (eblum@mbafcpa.com)published in Professional Auto News Two new IRS revenue procedures offer important guidance on key tax is ...

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New Regulatory and Accounting Changes Have Immediate Impact on Disclosure Requirements for Financial Institutions

Apr 1, 2008

Recent regulatory and accounting changes relating to the Fair Value Disclosure requirements of Financial Accounting Standards Board Statement No. 157, Fair Value Measurements (FAS 157), will have an immediate impact on the disclosure requirements of ...

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Basel II Capital Accords and their Effect on Banking Institutions

Apr 1, 2008

New capital rules adopted by U.S. banking regulators will have a significant impact on large banking institutions as well as community banks. In 2006, the Basel Committee on Banking Supervision released the “New Accord,” also known as the ...

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Florida Bankers Association Meeting with Regulators Highlights Key Banking Issues

Apr 1, 2008

On May 8, 2008, the Florida Bankers Association held a town hall meeting with representatives from key areas of banking regulation in order to review the current regulatory environment facing Florida’s financial institutions. With a focus on se ...

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Nine Steps to a Stronger Finance & Insurance Department

Apr 1, 2008

Nine Steps to a Stronger Finance & Insurance Department To Improve Operations, Limit Legal Exposure, and Prevent Fraud, Auto Dealers Should Get to Know their F&I Basics By Phil Villegas (pvillegas@mbafcpa.com) published in Professional Auto N ...

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Tax Services Advisory - IRS Provides Guidance on LIFO Pools for Light-Duty Trucks and Crossover Vehicles

Mar 17, 2008

For years, resellers of automobiles using the Alternative Dollar-Value LIFO (Last In, First Out) method or the Used Vehicle Alternative LIFO method have faced uncertainty regarding the correct LIFO pool for crossover vehicles, including sport utility ...

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