Banks teetering. Deals unraveling. New York business holds its breath, hoping this September isn’t anything like that September. The economy is on the brink—again—and while officials overseas and in Washington try furiously to stabilize teetering banks, this time in Europe, business leaders in New York are beginning to fear the worst. Again. “In my 30… Continue reading Economic echoes of 2008
Category: News & Events
The Impact of BSA/AML Challenges on Chief Financial Officers
Along with spiking the demand for capital and prioritizing the focus on balance sheets, the global financial crisis has spawned a “Perfect Storm” for Bank Secrecy Act compliance and money laundering risks. As CFOs struggle to preserve capital and manage costs of capital, BSA/AML failures can result in significant unbudgeted costs. An inherent consequence of… Continue reading The Impact of BSA/AML Challenges on Chief Financial Officers
CFO Consulting Partners in the News
First National Bank of Chester County (West Chester, PA): Eric Segal was recently named the Interim CFO and Principal Accounting Officer for this $1.3 billion bank. Some of Eric’s principal roles are to restate and/or issue applicable SEC reports (such as 10-Q’s, 10-K’s) and to produce documents that meet certain bank regulatory requirements. First Chester… Continue reading CFO Consulting Partners in the News
Dodd-Frank Wall Street Reform and Consumer Protection Act
As most of our readers know, The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed by President Obama on July 21, 2010. This financial reform will introduce a myriad of changes to financial regulation, which raises the question: what are the implications of this act to You? Many articles have been written, but… Continue reading Dodd-Frank Wall Street Reform and Consumer Protection Act
CFO Consulting Partners Expands to Long Island
CFO Consulting Partners is pleased to announce that we will now be servicing Long Island. 273 Walt Whitman Road, Suite 305 Huntington Station, NY 11746
SEC Issues Revised SOX Compliance Date for Smallest Reporting Firms
On October 2, 2009, the SEC approved an additional extension for companies with a public float of $75 million or less. The extension moves the compliance date to June 15, 2010, meaning that companies must comply with Section 404 requirements for periods ending on or after that date. No further extensions will likely be granted.… Continue reading SEC Issues Revised SOX Compliance Date for Smallest Reporting Firms