CPA Government & Nonprofit Report articles from June 2004

CPA Government & Nonprofit Report archives from June 2004

What is check 21?(Check Clearing for the 21st Century Act)
June 1, 2004... In the next few months, both businesses and consumers will be hearing about the Check Clearing for the 21st Century Act (Check 21) and how it will affect their bank accounts. Check 21 was enacted in October 2003, with an effective date of...

Editor's note.(Editorial)
June 1, 2004... Check 21 is bound to become the buzzword among government and nonprofit organizations in the next couple of months as we march closer to the effective date of October 28, 2004. This new federal law is aimed at reducing check float and...

You do have a collateral agreement with your bank--don't you?
June 1, 2004... Many local governments are still not aware that they must have a collateral agreement with their bank. Simply having sufficient collateral according to state law is not enough. Without a collateral agreement, your position would be that of a...

HUD implements single audit threshold changes.(HUD News)(The Department of Housing and Urban Development)(Brief Article)
June 1, 2004... The Department of Housing and Urban Development (HUD) REAC Website specifies how the new single audit threshold change from $300,000 to $500,000 in federal award expenditures for fiscal years ending after December 31, 2003, should be handled as...

HUD implements new security requirements.(HUD News)(Department of Housing and Urban Development)
June 1, 2004... Effective August 13, 2004, at 8:00 p.m., HUD will implement increased security measures for submission of electronic data. PIH-REAC applications will only be accessible using a browser supporting 128 bit encryption and SSL3. The following...