Stakeholders want confidence that an organization’s cash is secure and insured. The Federal Deposit Insurance Corporation insurance coverage is $250,000 per depositor, per insured bank, for each ownership category. We recommend considering the following deposit account alternatives as part of your cash investment strategy.
The new lease standard is intended to account for all lease obligations on financial statements, rather than excluding operating leases as has been the standard. This change ensures a company’s financial situation is reflected as accurately as possible within the financial statements.
Standard business insurance policies provide coverage for certain cyber incidents. For instance, if you lose electronic data due to a computer virus or hardware failure, your insurance may pay recovery or replacement costs. To extend coverage for a wider range of risks, you will need a stand-alone, customized cyber liability policy.
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