Iwona Sornat

The Federal Deposit Insurance Corporation (FDIC) Changes the Rules on Insured Accounts Owned by Trusts (April 2024) But What About Individual Depositors?

On January 21, 2022, The Federal Deposit Insurance Corporation (FDIC) adopted a new deposit insurance rule for “trust accounts” and mortgage servicing accounts that makes it easier to understand. These rules will go into effect April 1, 2024. The highlights of the new...
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Workforce Retention Bonus Program

Background: Funding from the program will support up to 150,000 childcare workers with bonus payments ranging from $2,300 to $3,000 (depending on modality) to staff in caregiving roles, as well as funding to support childcare programs’ efforts to recruit new staff,...
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Regulation Regarding Indirect Cost Audits

Proposals and cost allocation plans in the light of auditor’s independence requirements. The Government Accountability Office (GAO), on January 25, 2002, issued an amendment to Government Auditing Standards (1994 revision), Amendment No. 3, Independence, which...
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Workforce Retention Bonus Program

Workforce Retention Bonus Program

Aug 1, 2023

Background: Funding from the program will support up to 150,000 childcare workers with bonus payments ranging from $2,300 to $3,000 (depending on modality) to staff in caregiving roles, as well as funding to support childcare programs’ efforts to recruit new staff,...

read more
Regulation Regarding Indirect Cost Audits

Regulation Regarding Indirect Cost Audits

Mar 29, 2023

Proposals and cost allocation plans in the light of auditor’s independence requirements. The Government Accountability Office (GAO), on January 25, 2002, issued an amendment to Government Auditing Standards (1994 revision), Amendment No. 3, Independence, which...

read more