Ernst Wintter & Associates LLP https://www.ewallp.com Certified Public Accountants Thu, 22 Oct 2020 18:18:13 +0000 en-US hourly 1 https://www.ewallp.com/wp-content/uploads/favicon-100x100.jpg Ernst Wintter & Associates LLP https://www.ewallp.com 32 32 Broker Dealer Audit Deficiencies https://www.ewallp.com/broker-dealer-audit-deficiencies/?utm_source=rss&utm_medium=rss&utm_campaign=broker-dealer-audit-deficiencies Mon, 19 Oct 2020 05:13:20 +0000 http://winttercpa.com/?p=255 The Public Company Accounting Oversight Board (the “PCAOB”) recently released its annual report of findings in audits of broker dealers under its interim inspection program. For the ninth year in a row, the report indicates that the PCAOB continues to see a high level of broker dealer audit deficiencies in certain areas of engagement performance.… Read More

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The Broker Dealer Audit Program https://www.ewallp.com/broker-dealer-audit-program/?utm_source=rss&utm_medium=rss&utm_campaign=broker-dealer-audit-program Thu, 08 Oct 2020 22:00:35 +0000 https://winttercpa.com/?p=634 The purpose of performing broker dealer audits and requiring regular reporting is to verify that broker dealers are compliant with regulations intended to protect investors. The broker should implement consistent internal investigations to assure this goal, but audits are the primary tool used by external agencies to verify these practices are in place. Similarly, external… Read More

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How to prepare for your annual broker dealer audit https://www.ewallp.com/prepare-annual-broker-dealer-audit/?utm_source=rss&utm_medium=rss&utm_campaign=prepare-annual-broker-dealer-audit Thu, 01 Oct 2020 19:45:22 +0000 https://winttercpa.com/?p=535 Preparing for your annual broker-dealer audit should be a proactive agenda throughout your company’s fiscal year. Early preparation allows your business to stay compliant with the numerous rules and regulations. Failure to implement preemptive measures may result in an interruption of your business. Tips to Help Prepare for Your Annual Broker Dealer Audit Working with… Read More

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The Objectives of a Broker Dealer Audit https://www.ewallp.com/objectives-broker-dealer-audit/?utm_source=rss&utm_medium=rss&utm_campaign=objectives-broker-dealer-audit Fri, 25 Sep 2020 05:49:12 +0000 http://winttercpa.com/?p=358 The requirements for broker dealer audits exist to protect investors. Once a year, a firm registered with the PCAOB must audit their broker dealers. Broker dealers are subject to a wide range of regulations and the auditing process ensures that an entity is compliant with all applicable laws. Independent Auditor Requirements An independent accounting firm must perform broker dealer audits. The… Read More

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Need Support to Achieve Financial Success? Try Financial Dashboards https://www.ewallp.com/need-support-to-achieve-financial-success-try-financial-dashboards/?utm_source=rss&utm_medium=rss&utm_campaign=need-support-to-achieve-financial-success-try-financial-dashboards Tue, 22 Sep 2020 05:22:30 +0000 https://www.ewallp.com/?p=1573 Increasingly, nonprofit organizations are adapting a new financial tool from the nonprofit world. Experts call these “financial dashboards,” and they are intended to track your company’s progress towards achieving its goals. Dashboards can also be used to take stock of your nonprofit’s current situation in a certain area. Essentially, dashboards are a tool to help… Read More

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How to Have a Positive Broker Dealer Audit Experience https://www.ewallp.com/how-to-have-a-positive-broker-dealer-audit-experience/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-have-a-positive-broker-dealer-audit-experience Fri, 18 Sep 2020 04:51:11 +0000 http://winttercpa.com/?p=312 Broker dealers registered with the Financial Industry Regulatory Authority and the Securities and Exchange Commission (SEC) are required to have an annual financial statement audit. Broker dealers with this requirement must use an accounting firm registered with the Public Company Accounting Oversight Board (PCAOB) and have an audit under the standards set by the PCAOB.… Read More

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Nonprofits are now able to benefit from the Main Street Lending Program https://www.ewallp.com/nonprofits-are-now-able-to-benefit-from-the-main-street-lending-program/?utm_source=rss&utm_medium=rss&utm_campaign=nonprofits-are-now-able-to-benefit-from-the-main-street-lending-program Mon, 24 Aug 2020 04:30:23 +0000 https://www.ewallp.com/?p=1553 Recently, the Federal Reserve announced a major change to the Main Street Lending Program, which is worth $600 Billion. Before the COVID-19 pandemic, only for-profit businesses with more than 100 employees could benefit from this government capital program. However, the Fed is now accepting applications from nonprofits. This type of loan is beneficial because they… Read More

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How To Replace Your Nonprofit Board for Better Leadership https://www.ewallp.com/how-to-replace-your-nonprofit-board-for-better-leadership/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-replace-your-nonprofit-board-for-better-leadership Sun, 12 Jul 2020 20:51:07 +0000 https://www.ewallp.com/?p=1546 When times are tough, nonprofits rely on their board of directors for leadership more than ever. Unfortunately, not every nonprofit board is equipped to lead well in a crisis. They might not have enough people, or lack the knowledge and experience that is needed to meet the latest challenge. If your board isn’t providing the… Read More

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How to treat quid-pro-quo nonprofit contributions https://www.ewallp.com/how-to-treat-quid-pro-quo-nonprofit-contributions/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-treat-quid-pro-quo-nonprofit-contributions Wed, 03 Jun 2020 23:37:04 +0000 https://www.ewallp.com/?p=1536 Most of us know that there are situations when charitable contributions are ineligible for tax deductions. This can be so even when someone itemizes their deductions and gives to tax-exempt organizations. One of these situations is “quid pro quo” donations. The IRS defines quid pro quo contributions as a situation where you provide goods or… Read More

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Properly Valuing donated services and gifts in kind https://www.ewallp.com/properly-valuing-donated-services-and-gifts-in-kind/?utm_source=rss&utm_medium=rss&utm_campaign=properly-valuing-donated-services-and-gifts-in-kind Thu, 07 May 2020 11:00:56 +0000 https://www.ewallp.com/?p=1530 There’s no question that the COVID-19 pandemic has turned our economy upside down. Massive unemployment and shutdowns are causing a reduced ability for your nonprofit to function at the same time that demand for services is soaring. Unfortunately, it also means that many nonprofit donors are temporarily unable to donate money to their chosen charities.… Read More

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