Our experienced financial services team helps determine how the SEC’s interpretation of the enhanced custody rule applies to your clients' accounts. We have significant experience counseling investment advisors on the application of the enhanced custody rule and, when necessary, performing the SEC-mandated surprise examination. We also provide internal control reports for organizations that have custody of client funds held by a “related person,” such as a trust department.
SEC Surprise Audit
Leases and your financial statements: Change is coming for private oil and gas companies
The accounting lease rules as we know them changed drastically in 2019 for public companies. Private companies were originally to adopt in 2020; however, a proposal may defer adoption to 2021. Here’s what oil and gas companies need to know now.
Not only do we timely complete the examination to meet all the SEC requirements, but we also counsel with our clients to determine how best to structure agreements and contracts to minimize the impact of the rule on their day-to-day operations. Our team of experienced specialists is ready to serve your needs.