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Industry Spotlight: Financial Services
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Spotting Financial Warning Signs for Nonprofits
Board members governing nonprofit organizations can’t miss signs of financial distress such as losing funding sources, defaulting on loans or leaving employees unpaid. Most of the time, though, such crises aren’t sudden; instead, there were subtle indicators that went unnoticed. By keeping an eye out for the following problems, a board can recognize problems early and act to ensure the organization’s long-term survival.Interactive Data Reporting Urged for All Public Companies
As the Securities and Exchange Commission (SEC) considers whether interactive data requirements for financial statements are too difficult or expensive for smaller public companies, investors and accounting professionals have warned against exempting those companies from the rules. These commenters argue that interactive data provided with eXtensible Business Reporting Language (XBRL) helps investors analyze performance more efficiently and compare results across industries.Work at Weaver
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