SEC Announces Initiative to Evaluate Municipal Advisors
In a press release Tuesday, the Securities and Exchange Commission (“SEC”) announced the start of its Office of Compliance Inspections and Examinations’ (“the Office”) exam initiative for newly regulated municipal advisors. As part of the initiative, the Office will review municipal advisors in areas like compliance with fiduciary duty to municipal entity clients, books and recordkeeping responsibilities, fair dealing and disclosure. The examinations are planned to take place over the next two years. To view the press release , visit the SEC website. Also discover how Cherry Bekaert can assist with SEC Audit services .
GASB to Hold Three-Day Meeting Next Week
Preparing for a three-day meeting next week, the Governmental Accounting Standards Board (“GASB”) has released its Notice of Meetings . Scheduled Wednesday through Friday, August 20th-22nd, GASB’s meeting will begin each day at 8:30 a.m. EST and cover topics like lessor/lessee recognition and measurement matters; fiduciary responsibilities; tax abatement disclosures; recognition issues concerning irrevocable charitable trusts; and the proposed technical plan for the rest of 2014. Cherry Bekaert has a team of professionals ready to serve governmental entities. Visit our Government page for more information.