Attestation Update – A&A for CPAs

Technical stuff for CPAs providing attestation services

No more unlimited FDIC insurance on transaction accounts after 12-31-12

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(Cross-post from my other blog, Nonprofit Update.)

I had thought about writing a short post about the end of unlimited insurance on non-interest bearing checking accounts.  Since I’ve now seen two articles talking about going back to the $250,000 limit, it’s better to point you to other bloggers.

Check out:

If you are blessed to have over $250K sitting in a checking account, consider whether you want to spread out the money.

If you are an auditor, think about what this does to financial statement disclosures for your clients.

Written by Jim Ulvog

January 3, 2013, 8:42 am at 8:42 am

Posted in Accounting

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