Insights

Insights

The latest insights on topics that matter to you.

Wipfli is dedicated to business leaders and their organizations. Each month, we bring you thought-provoking articles on long-range organizational issues related to people, processes, technology, customers, and financial management.

You'll also find whitepapers, blogs, webinars, and eBooks. You can sort via your industry or the topic

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Articles

ASC 606: The Devil Is in the Details – Six Key Considerations to Take Away From the New Revenue Recognition Standard

In May 2014, the Financial Accounting Standards Board (FASB) completed its revenue recognition project by issuing Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, which can be found in the Accounting Standards Codification (ASC) Topic 606.

This article will cover six topics within ASC 606 that will likely impact your organization.  

5/2/2017
Industries: Agribusiness, Construction and Real Estate, Dealerships, Financial Institutions, Financial Services, Freshwater, Governments, Health Care, Insurance, Manufacturing and Distribution, Nonprofits, Private Equity
Services: Audit and Accounting
By: Joshua J. Boyle, Brad Werner

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5 Reasons to Conduct Penetration Tests

Want an eye-opening view of your institution’s true vulnerability? Conduct penetration (pen) testing. Pen testing, when performed by experienced, qualified, and ethical hackers, can either give you peace of mind and allow you to sleep well or show you weaknesses that will keep you up at night. Whatever the outcome, organizations are always glad they conducted a pen test.

5/1/2017
Industries: Financial Institutions, Financial Services
By: Jeff Olejnik

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A Tip of the Hat to My Favorite Columnist, Mike Royko

Recently I was having lunch with my old pal Slats Grobnick, Jr., you know the one who got all huffy about the Fair Credit Reporting Act.  Slats has been promoted to chief lending officer overseeing commercial and consumer lending.  He was bemoaning all of the rules relating to notifying loan applicants about the decision.  Each sentence started out, “When I was a commercial lender . . . .”  We are really good friends, so I bit my tongue and proceeded to give him my elevator speech on Regulation B.   

5/1/2017
Industries: Financial Institutions, Financial Services
By: John Moniak

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Elder Financial Exploitation: The Crime of the 21st Century

Elder financial exploitation is the illegal or improper use of an older person’s funds, property, or assets.  Studies suggest that financial exploitation is the most common form of elder abuse, yet only a small fraction of incidents are reported, just one in 44 cases according to the National Adult Protective Services Association (NAPSA).

5/1/2017
Industries: Financial Institutions, Financial Services
By: Craig E. Johnson

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Medical Information: Does Your Financial Institution Have a Policy and Procedures?

The Fair and Accurate Credit Transactions Act of 2003 (FACTA) included rules governing medical information protections.  In November 2005, the federal agencies finalized these rules, and they became effective in April 2006.  The rules are codified now in the Consumer Financial Protection Bureau’s Fair Credit Reporting Act (Regulation V), 12 CFR Part 1022, sections 1022.30 to 1022.32.  Despite the fact that these rules have been around for more than 10 years, when we visit financial institutions and ask for their policy and procedures regarding the proper use of medical information, we are usually informed there is nothing documented for us to review.

5/1/2017
Industries: Financial Institutions, Financial Services
By: Cindy L. Mabry

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Not Just For Sale–Disposing of OREO Properties

Most financial institutions have worked their way out of holding other real estate properties.  However, there are times when a bank may hold a property on its books that it can’t seem to find the right buyer for.  There are several other options available to dispose of these properties.  One way is to donate the property to a qualified charitable organization that could benefit from the donation.    

5/1/2017
Industries: Financial Institutions, Financial Services
By: Lindsey L. Sabelko

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Overcoming Resistance to Change

When individuals at your financial institution learn about plans to change the status quo, many are likely to react with cynicism and skepticism, either vocally or privately. While these people may seem like they are just being negative or not seeing the big picture, their reactions might be quite rational and deserved. 

5/1/2017
Industries: Financial Institutions, Financial Services
By: Jeffrey H. Wulf

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RegTech – New Opportunities From the World of FinTech

The term FinTech has recently become frequent newsworthy focus.  Likewise, through innovation, the term RegTech is also emerging as industry jargon.  In the financial services industry, the two terms are often considered to be related.

5/1/2017
Industries: Financial Institutions, Financial Services
By: Jerry Miller

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Blogs

Bank On Wipfli

Bank on Wipfli

Count on Bank on Wipfli to be your go-to source for need-to-know-now information that affects the financial institution industry.

Industries: Financial Institutions
Services: Audit and Accounting, Consulting, Tax

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Dynamics CRM Blog

Connect – Microsoft Dynamics 365

Stay connected with product news, best practices, ideas, and tips to explore alignment with strategic business objectives, meet a short term tactical need, or just get thinking.

Services: Consulting

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Get Dynamic Blog

Get Dynamic - Microsoft Dynamics GP

Get the most out of Microsoft Dynamics GP with the latest tips, tricks, and announcements that help keep it simple.

Industries: Manufacturing and Distribution
Services: Consulting

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Health Care Perspective Blog

Health Care Perspectives

This blog covers a variety of current topics in the health care industry.

Industries: Health Care
Services: Audit and Accounting, Consulting, Tax

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Webinars

IT Examination Hot Topics – Cybersecurity: Recorded Webinar

You can’t have an effective cybersecurity strategy if you don’t know what you’re up against. This recorded webinar will discuss the latest threats to your customer information.

2/24/2017
Industries: Financial Institutions, Financial Services
Services: Consulting
By: Matthew T. Janoski, Travis Wouters

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2017 Medicare Payment System Changes: Understanding the Impact Webinar - Part II

This webinar provides you with an overview of Medicare’s final rules and changes for physician services most affected by the 2017 changes. Click the link for additional details.  

1/18/2017
Industries: Health Care
By: Jeff Bramschreiber, Jeanne M. Chapdelaine, Jeffrey M. Johnson, Judith Holloway

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2017 Medicare Payment System Changes: Understanding the Impact Webinar - Part I

This webinar provides you with an overview of Medicare’s final rules and changes for hospitals and rural health providers most affected by the 2017 changes. Click the link for additional details. 

1/11/2017
Industries: Health Care
By: Jeff Bramschreiber, Jeanne M. Chapdelaine, Jeffrey M. Johnson, Judith Holloway

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Tax Update for Financial Institutions

Our tax environment is constantly changing! Given the high tax rate environment, it is more important than ever to understand these tax changes and how they impact your financial institution. This webinar gives an update of the most important tax changes affecting the financial institution industry. Click the link for more information. 

12/9/2016
Industries: Financial Institutions
Services: Tax
By: Jason J. Wimmer

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Getting Ready for CECL

FASB’s credit impairment standard for financial instruments is here—so now what do we do?  This recorded webinar will help management of financial institutions start to figure out what their institution should be doing now to be ready for CECL when it becomes effective. Click the link for more information. 

12/6/2016
Industries: Financial Institutions
Services: Audit and Accounting
By: Brett D. Schwantes

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Audit and Accounting Update for Financial Institutions

Wipfli’s audit and accounting webinar updates you on final accounting rules effective for 2016 and 2017, as well as some rules that have been finalized but will not be effective for several years. Click the link for more information. 

11/22/2016
Industries: Financial Institutions
Services: Audit and Accounting
By: Brett D. Schwantes

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Impactful Tax Planning and Savings Strategies for Manufacturers

The proper application of tax strategies can help manufacturers maximize tax savings, potentially improving cash flow that can be applied to help realize long-term, successful growth with a competitive edge. This webinar is intended for business owners, CFOs, CEOs, controllers, and accounting professionals looking to minimize tax exposure and reduce tax liability. Click the link for more information. 

11/15/2016
Industries: Manufacturing and Distribution
Services: Tax
By: Jeffrey R. Fritz, Samantha A. Wimmer

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Window of Opportunity Closing for Intra-Family Tax Discounts

In August, the IRS unveiled long-awaited proposed Regulations under IRC 2704, which deal with valuation discounts for estate and gift tax purposes. Get the details and understand what you can do now to help in your estate tax planning efforts. Click the link for more information. 

11/3/2016
Services: Tax
By: Ryan P. Laughlin, Audra M. Moncur

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