Insights

With the exception of the last bulleted item about the proposed federal Data Protection Agency, this month’s edition of Cyber Roundup soberly sets out various cybercrimes that are morphing into even more destructive acts, resulting in ever-expanding harm to businesses and individuals.

According to recent government statistics, there are roughly nine million U.S. citizens living outside the U.S., many of whom are citizens by birth but have little or no family or economic ties to this country.

The Securities and Exchange Commission (SEC) recently issued proposed amendments to modernize and eliminate certain duplicative registrant disclosures in Regulation S-K.

Over the years, donor-advised funds (DAFs) have become increasingly larger in number and more influential in the philanthropic community.

Unfortunately, fraud is an all-to-common occurrence and no industry is immune. Intentional deception to realize unlawful gains are often perpetrated by an organization’s own management or employees, with or without the assistance of outside parties.

The Financial Accounting Standards Board (FASB) recently issued a proposed Accounting Standards Update (ASU) entitled Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets.

The U.S. Securities and Exchange Commission (SEC), through the Office of Compliance Inspections and Examinations (OCIE), has issued its 2020 Examination Priorities.

The winter edition of PKF Worldwide Tax Update is currently available to those organizations and individuals with business activity outside the United States.

Healthy skepticism can help avoid falling for phishing schemes and way-out-there data equipment/systems scams; testing can help ensure that the data system actually works and supports your company’s stated policies and procedures; and, knowledge allows for expanding data enhancements and securing the necessary and appropriate hardware, the software and the data.