I recently attended the AICPA & CIMA Employee Benefit Plans Conference held in May 2025, where topics ranged widely across employee benefit plan audits and operations. One significant topic was the handling of forfeitures in 401k plans. Below are a couple of key insights plan administrators should be aware of.
Artificial Intelligence (AI) is revolutionizing the way banks do business by bringing useful changes to how institutions operate, make decisions, and interact with customers. From enhancing efficiency to improving risk management, AI's applications in banking are constantly evolving. This article explores certain areas where AI is making a significant impact,
One of the most debated aspects of the new current expected credit loss (CECL) standard that went into effect in recent years has been the treatment of certain purchased financial assets. If you’ve been following the developments on this topic, you know we’ve been awaiting these changes for some time.
In a significant policy shift, the Federal Deposit Insurance Corporation (FDIC) rescinded Financial Institution Letter FIL-16-2022, which had previously required FDIC-supervised institutions to notify the agency before engaging in crypto-related activities. This move, announced on March 28, 2025, reflects a broader regulatory evolution aimed at integrating digital assets into traditional
AI is a frequent topic of conversation but what do we really mean when we say artificial intelligence? How are banks and financial institutions already using AI, and what are the benefits and potential pitfalls? In this episode of Issues of Interest, BNN's Information Systems and Risk Assurance practice lead,
Nick Porto will be presenting with MCLE New England on IRS Form 990, Form 990-PF & other charity filings with Sharon Lincoln (Casner & Edwards LLP) and Melissa Sampson McMorrow (Nutter McClennen & Fish LLP). In this engaging new program, the panelists cover the basics related to tax exempt organization
President Trump’s 1,000-page Big Beautiful Bill (BBB), which passed in a 215 to 214 vote in the House last week, contains several provisions that will impact healthcare entities. We have summarized several of them here with brief details. If you have questions or are unsure if there are implications for