Banking


The Federal Reserve Board issues as final a rule amending its international lending regulations ( www.federalreserve.gov/boarddocs/press/bcreg/2003/20030106/attachment.pdf ). To simplify matters and thus reduce banks’ regulatory burden, the board’s action eliminates from subpart D of Regulation K the requirement they use a particular method to account for fees on international loans. Instead, the new provision, which took effect February 10, instructs banks to follow GAAP in accounting for such fees.

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A look at the Dirty Dozen tax scams and ways to protect taxpayer information.

TECHNOLOGY Q&A

How to create maps in Excel 2016

Microsoft Excel 2016 has two new mapping capabilities. J. Carlton Collins, CPA, demonstrates how to make masterful 2D and 3D maps in Excel 2016.

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News quiz: IRS enforcement, a hot job, and audit value

The IRS’s 2016 Data Book, a “hot job” of particular interest at this time of year, and insight into how executive and audit committees view the insights from financial statement audits received attention recently. See how much you know with this short quiz.