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Topic: Financial Consulting

Consumer Financial Protection Bureau Finalizes Ability to Repay and Qualified Mortgage Rules
By Bruce Rumbold, CCBCO on January 12, 2021

The Bureau of Consumer Financial Protection (still the CFPB) has finalized long-coming rules around Ability to Repay (ATR) and Qualified Mortgages (QM) under Truth in Lending (Reg Z)...

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Manage Your Business as an Integral Part of Your Wealth Planning
By Freed Maxick Business Valuation Team on September 17, 2018

The first steps towards viewing – and treating – your business as an investment It is estimated that 75% of all private businesses are owned by households for which the business...

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Management Letters are Your Friend
By Christopher Piedici on February 10, 2016

Charter schools are part of a broad movement in public education toward results based accountability, and began operating in New York through the New York Charter School Act of 1998....

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To Reduce the Risk of Lending, ABL’s Need to Scrutinize Audit Opinion Letters
By Robert Wood on June 16, 2014

Author: Robert Wood Different types of opinions have different implications for understanding the issue of “going concerns” Accountants reconsider the “going concern” assumption each time...

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3 Places Where Asset Based Lenders Can Hunt Down Borrower’s Hidden Risks and Liabilities
By Paul Muldoon on June 2, 2014

Author: Paul Muldoon Beware of bloated assets, understated liabilities, and unrecorded items. Many liabilities may be out of sight, but never out of a lender’s mind. For instance, a...

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Asset Based Lenders Need to Understand the New GAAP Exceptions
By Freed Maxick Tax on May 19, 2014

Author: John Costello FASB releases new ASUs regarding alternate reporting methods but don’t worry – it’s good news for Asset Based Lenders! For a number of years, small businesses and...

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