Bank Accounting & Finance articles from October 2003

Bank Accounting & Finance archives from October 2003

Expensing stock options: what will be the effect on financial institutions?
October 1, 2003... Should firms be able to choose whether to expense employee stock options? Currently, they may. The choice of whether to expense employee stock options or to provide just a footnote disclosure in the financial statements of the effect on...

A partnership approach to operational risk management.
October 1, 2003... Today's businesses are more challenged than ever to deliver quality and productivity, manage expenses, reduce losses, improve efficiency, and lower risk capital. Competitive pressures are driving client expectations of operational...

Aligning operating tactics with strategic decisions.
October 1, 2003... The ultimate strategic goal of any business is perpetuity: the strength to withstand any present or future threats to the organization's existence. In business, including banking, the voyage truly is the destination, because in a successful...

Effects of FHLB advances on commercial bank loans and profitability in Texas.(Financial Institutions Reform, Recovery and Enforcement Act of 1989)
October 1, 2003... Among the provisions of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) is an important expansion of the Federal Home Loan Banks' (FHLB) lending powers to commercial banks. Previously, their authority had been...

New interagency guidance on the internal audit function.(Auditing)
October 1, 2003... Recently, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision (collectively, the agencies) issued an Interagency...

Final rules on management's reports on internal control and influencing the conduct of audits.(SEC Update)
October 1, 2003... The Securities and Exchange Commission (SEC) recently adopted rules to implement the requirements of [section] 404 of the Sarbanes-Oxley Act of 2002 (SOA) that will require a public company subject to the reporting requirements of the...

Trends in outsourcing finance and accounting.(Cost Control)
October 1, 2003... New technology, cost cutting, and consolidation helped major banks improve their efficiency ratios by 150 basis points over the decade of the 1990s, but now banks are in a quandary. With the industry already reduced by 50 percent after a decade...