The custody rule in place since 1962 under the Advisers Act has required registered investment advisers to safeguard client funds and securities in their possession where they were given authority to obtain possession of them. The rule put in place…
Broker Dealer Update: FINRA shares bank concern
Did you bank make the list? Here at MCCPA we are gathering information about the banking trouble touching a number of clients and affecting our industry. We will share our finding with you as it is released. We feel that…
Audit & Accounting Brief: Common accounting pitfalls for startups to avoid
Accounting is a critical element when launching a successful business venture. Unfortunately, it’s also an area where startups tend to make mistakes. Here are some common (and avoidable) errors that entrepreneurs should watch out for. Failing to track expenses Starting…
Annual Audit Deadlines – 2020
Did you know leap years are needed to keep our calendar in alignment with the Earth’s trip around the sun? Without the extra day on February 29th, every four or so years, we would lose almost six hours every year. …