Chicago businessman gets 5 years for defrauding financial institutions of over $3 million
A Chicago businessman has been sentenced to five years in federal prison for defrauding financial institutions of more than ...
Business Insider11d
Keeping Bank Statements: What You Need to Know
Storing bank statements While financial institutions are required by federal law to keep customers' bank statements for at least five years, they may not be easily accessible to you. It's best to ...
Accounting Today16h
AICPA clarifies standard on CAS financial statement prep
The American Institute of CPAs' Accounting and Review Services Committee clarified a standard on financial statement ...
Investopedia7d
Why Do Shareholders Need Financial Statements?
Edwin Tan / Getty Images Financial statements provide a snapshot of a corporation's financial health at a particular point in time, giving insight into its performance, operations, cash flow ...
Financial Institutions, Inc. Settles Auto Lending Litigation
WARSAW, N.Y., March 10, 2025 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), parent company of Five Star Bank (the “Bank”), announced that it has settled civil ...
Journal of Accountancy5d
Amendment clarifies CPAs’ financial statement preparation engagements
The AICPA Accounting and Review Services Committee approved an update to SSARS No. 21, clarifying that practitioners are not ...
Nasdaq21d
Financial Institutions, Inc. Settles Auto Loan Litigation for $23 Million Accrual
Financial Institutions, Inc. settled a class action ... $23 million litigation accrual in its fourth quarter 2024 financial statements, amounting to $17.1 million after tax. The company does ...