November 2017 Article Archives
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COMPASS 2026 Hits the Right Note in Nashville
COMPASS 2026 brought together cooperative tax, accounting, and finance professionals in the heart of Nashville from May 4–6, 2026, for three days filled with education, collaboration, and connection. This year’s conference continued to build on the strong foundation of COMPASS by providing attendees with valuable learning opportunities, meaningful networking, and memorable experiences that highlighted the strength of the cooperative ...
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TaxFax Articles
The Spring 2026 TaxFax contains the following high interest articles. Here is a brief summary of them. For the whole article, please visit The Cooperative Accountant Spring 2026 in Connect The IRS begins to issue guidance with respect to new Sections 1062 and 139L The Winter 2025 edition of the TAXFAX Column described two new sections added to the Code by the One Big Beautiful Bill Act (“OBBBA”) – Section 1062 ...
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Can Cooperatives Address Navajo Nation’s Audit Issues and Governance Crisis?
Audit irregularities documented in a KPMG LLP report are among the latest salvos in a governance crisis on Navajo Nation. In the December 2024 audit, audit partner Chris Ray highlighted 24 issues across 19 federally funded Navajo Nation programs. Navajo Nation controller Sean McCabe reported that the internal control failures and compliance issues have prompted KPMG to expand audit testing, extending the deadline for the audit. The Navajo Nation ...
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FASB ISSUES Accounting Standards Update 2025-09 DERIVATIVES AND HEDGING (Topic 815) – Hedge Accounting Improvements - November 2025
Summary Why Is the FASB Issuing This Accounting Standards Update? The FASB is issuing this Update to clarify certain aspects of the guidance on hedge accounting and to address several incremental hedge accounting issues arising from the global reference rate reform initiative. In 2017, the FASB issued Accounting Standards Update No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities, ...
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Growth, Debt, Discipline: The Cooperative Balancing Act
Electric cooperatives across the United States are operating in one of the most capital-intensive and inflation-sensitive environments in decades. Large-scale construction work plans—whether driven by load growth, reliability improvement, storm hardening, substation expansions, battery energy storage systems, or system modernization—require significant long-term financial commitments. At the same time, construction inflation, supply ...
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