4. News

WIPP Advocacy in FY2016 Appropriations Requests

posted Jun 2, 2015, 2:53 PM by Dawn Ranghel

With appropriations season in full swing, WIPP submitted appropriations requests to the House and Senate. SBA hosts a number of programs that support women-owned businesses by giving them the tools and capital they need to succeed. As noted above, a majority of SBA-backed microloans go to women entrepreneurs while the Women’s Business Center program provides counseling and training to more than 140,000 entrepreneurs annually.

See link to WIPP website from where this news article was extracted:http://www.wipp.org/news/233565/WIPP-Advocacy-in-FY2016-Appropriations-Requests.htm

Extreme Makeover: Dodd-Frank Edition

posted Jun 2, 2015, 2:49 PM by Dawn Ranghel

The Senate Banking Committee passed the Financial Regulatory Improvement Act of 2015, a bill that revises provisions of the Dodd-Frank. The bill, passed by the Senate Banking Committee with only Republicans voting in favor, eases regulatory burdens on small financial institutions. The bill would increase Congressional oversight of government-sponsored enterprises (GSE), Freddie Mac and Fannie Mae.

The legislation raises the asset threshold for designating banks as systemically important financial institutions from $50 billion to $500 billion (i.e., the Federal Reserve would now evaluate bank holding companies with $500 billion rather than $50 billion). In addition, it revises the Federal Home Loan Bank Act definition of a “community financial institution” to include small credit unions – those with less than $1.1 billion in assets. 

See link to WIPP website from where this news article was extracted: http://www.wipp.org/news/233563/Extreme-Makeover-Dodd-Frank-Edition.htm

AICPA: 6-Point Plan

posted Jun 2, 2015, 2:43 PM by Dawn Ranghel

The AICPA has released its 6-Point Plan to Improve Audits. This action plan provides the CPA profession with a roadmap for maintaining and improving audit quality. 

The plan was developed from staff, stakeholder  and volunteer feedback received on last summer's EAQ Discussion Paper. Review a summary of the feedback.

To learn more about AICPA’s Six Point Plan to Improve Audits, access the webcast archive from May 20, 2015.

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