Posts


No Reason to Wait Until 2020 - Get CECL Started Now

In June 2016, the Financial Accounting Standards Board (FASB) issued a new accounting standard to replace the “incurred loss” impairment methodology with the Current Expected Credit Loss (CECL) model, marking a significant... Read More


Tale of a client: Making pay-per-use possible for leasing companies and manufacturers

 My colleagues at BDO Financial Services have been blogging quite a lot in the last weeks and months.Now, I’m pleased to say it’s my turn to have a chat with our readers. In this article, I have decided to take a... Read More


Before you buy - Why it is critical to conduct due diligence on the compliance function of target companies

Companies in the middle of an M&A deal obviously know the importance of doing their due diligence: Without it, and without the target company meeting the requirements, there won’t be any deal at all, or the price will change. Read More


Mid-sized banks face web of regulatory complexity - 3 tips from my practice

Since the financial crisis of 2008, banks have faced increasing regulatory scrutiny and a growing number of rules to follow. For many mid-sized banks, regulatory compliance is a costly and complex web to manage.Enter reg-tech, a range of... Read More


By Alina Ley | BDO Germany | 22 March 2018

Three interesting business ideas that combine artificial intelligence and blockchain

Ever since I began working on my master’s thesis about the success factors of cryptocurrencies, I’ve been fascinated by blockchain technology.  For me, it’s clear that blockchain will be a real game-changer. This... Read More


Curbing human bias in investment valuation

Five years ago, it was not uncommon to hear about investment managers not having a customized valuation policy to go along with their investment policy statements.Thankfully, this is not the case so often anymore: Nowadays, most asset... Read More


It is not all about billable hours

When I came back to the accounting industry three years ago, I was surprised to find that middle management had little experience or training in managing people. Everyone focused on crunching numbers and getting their own work done, and... Read More


By Nils Brandt | BDO Germany | 16 February 2018

At the front lines of the fight against money-laundering in Germany: Financial institutions are asked to do the detail work

In 2016, Germany received 40 percent more reports of suspected money laundering than the year before, the highest increase in 15 years, according to officials. The newly established Financial Intelligence Unit (FIU), which is now... Read More


By Arnaud Naudan | BDO France | 01 February 2018

How to get ready for the ECB knock on your door: 3 ways to prep for your TRIM audit

With the objective of regaining public trust in banks’ regulatory capital, the European Central Bank (ECB) is performing a Targeted Review of Internal Models (TRIM) and already began sending out teams of auditors to banks&rsquo... Read More


What Tom Cruise seems to understand about IFRS 9

Recently while flipping through an old binder of DVDs, I came across the movie Minority Report starring Tom Cruise. I was reminded of the premise of the film – that a clairvoyant could know the mistakes we will make in our future... Read More