Author name: Paritosh Sanadhya

He is the Chief Executive Officer (CEO) of CRSP CONNECT. He is responsible for making major corporate decisions & managing the overall operations of the Company. He has an experience of 21 years in Accounting & Financial Management, Business Planning, Financial Analysis & Reporting.

What is Reserve for loan losses in the Balance sheet of Mortgage banks and how you will verify?

What is Reserve for loan losses in the Balance sheet of Mortgage banks and how you will verify?

The Reserve for Loan Losses, also known as the Allowance for Loan and Lease Losses (ALLL), is a critical component of the balance sheet for mortgage banks in the USA. It represents an estimate of the potential losses that the bank may incur due to defaults or non-payment by borrowers on their loans. Here’s how […]

What is Reserve for loan losses in the Balance sheet of Mortgage banks and how you will verify? Read More »

Common Challenges faced by CPA firms in SOX Compliance engagements

Common Challenges faced by CPA firms in SOX Compliance engagements

SOX compliance engagements present unique challenges for Certified Public Accountant (CPA) firms as they must navigate the intricate requirements of the Sarbanes-Oxley Act while ensuring their clients’ financial statements are accurate and reliable. In this context, CPA firms encounter various common challenges that can hinder their ability to effectively serve their clients and maintain compliance

Common Challenges faced by CPA firms in SOX Compliance engagements Read More »

Navigating Real Estate Audits Leveraging LIHTC & MFTE with CRSP Offshore Staffing Solutions

Navigating Real Estate Audits Leveraging LIHTC & MFTE with CRSP Offshore Staffing Solutions

Real estate audits, particularly those involving programs like LIHTC (Low-Income Housing Tax Credit) and MFTE (Multifamily Tax Exemption), are critical for ensuring compliance and financial integrity in affordable housing projects. However, navigating the complexities of these audits can be challenging for real estate developers and property managers. In this blog post, we’ll explore how CRSP

Navigating Real Estate Audits Leveraging LIHTC & MFTE with CRSP Offshore Staffing Solutions Read More »

Streamlining Condominium Audit Services: Leveraging Offshore Staffing Solutions

Streamlining Condominium Audit Services: Leveraging Offshore Staffing Solutions

Condominium audits are one of the most important processes in the accounting world to ensure financial transparency and accountability in a condominium association. As CPA’s and accounting firms work hard to provide their clients with high-quality services, optimizing the condominium audit process becomes a top priority. In this blog, we’ll dive into the ins and

Streamlining Condominium Audit Services: Leveraging Offshore Staffing Solutions Read More »