Private companies can breathe a sigh of relief: The Financial Accounting Standards Board (FASB) and the Private Company Council have agreed to give them a pass on a coming proposal that, if approved, would require expanded footnote disclosures about expenses….
NFA Compliance Brief: Starting a Commodity Pool; Relief and Exemptions
If you plan on becoming a commodity pool operator, you should be aware of the registration requirements as well as the qualifications to operate an exempt commodity pool. Exempt commodity pools are still required to follow the registration outlined in…
NFA Compliance Brief: Futures Proficiency Exam Update
As of June 9, 2023 FINRA will end the current interim accommodation process for the Series 3, Series 31, Series 32, and Series 34 exams. Only certain individuals will be able to reques the online administration of these exams. These…
Audit Brief: Updated accounting rule for reporting
Traditional business models in many sectors have been disrupted by the COVID-19 pandemic, geopolitical uncertainty, rising costs and falling consumer confidence. If your company is planning a major strategic shift this year, management may need to comply with the updated…