Ep. 24 - Internal Audits - How You Can Catch Problems Before Regulators Do

Ep. 24 - Internal Audits - How You Can Catch Problems Before Regulators Do

In this episode of Debits and Credits, Michael C. Haas, CPA discusses the importance of internal audits and how they help escrow companies maintain accuracy, strengthen internal controls, and ensure regulatory compliance. Michael explains how regular internal reviews can identify errors, improve operational processes, and provide valuable training opportunities for escrow officers and staff. He also shares best practices for maintaining high standards of quality, protecting client funds, and preparing for regulatory examinations. #InternalAudit #Escrow #Compliance #RiskManagement #InternalControls #QualityAssurance #EscrowIndustry  #CPA #BusinessOperations #RegulatoryCompliance #DebitsAndCreditsPodcast

Ep. 23 - Real Estate Economic Forecast

In this episode of Debits and Credits, Michael C. Haas, CPA explores the current real estate economic forecast and the key trends shaping today's housing market. From interest rates and inflation to inventory levels, lending conditions, and market activity, Michael discusses the economic factors influencing buyers, sellers, investors, and real estate professionals. #haasanddawe #realestate #escrow #housingmarket #CPA

Ep. 22 - The Recipe For Starting Your Own Escrow Company

In this episode of Debits and Credits, Michael C. Haas, CPA walks through the key steps to starting your own escrow company. From business formation and licensing requirements to obtaining an EIN, securing a surety bond, fidelity coverage, Errors & Omissions (E&O) insurance, and meeting California regulatory requirements, Michael provides a practical roadmap for launching an independent escrow business. Whether you're considering opening an escrow company or simply want to understand what's involved, this episode offers valuable insight into the planning, compliance, and financial safeguards needed to get started. #haasanddawe #Escrow #EscrowBusiness #DFPI #SuretyBond #EAFC #EOInsurance  #CaliforniaEscrow #CPA #EscrowIndustry #DebitsAndCreditsPodcast

Ep. 21 - Working With Outside Regulators: How We Can Help

In this episode of Debits and Credits, Michael C. Haas, CPA discusses how escrow companies can effectively work with outside regulators and why preparation is essential for maintaining compliance. Michael explains the roles of agencies such as the Department of Financial Protection and Innovation (DFPI), the Department of Real Estate (DRE), and the California Department of Insurance (CDI), and shares how trusted advisors can help companies navigate audits, examinations, and regulatory inquiries. From record keeping and compliance procedures to responding to requests from regulators, this episode provides practical guidance for escrow professionals seeking to build confidence and maintain strong relationships with oversight agencies. #HaasandDawe #DFPI #DRE #DepartmentOfInsurance #Compliance #RegulatoryAudit #Escrow #CPA #DebitsAndCreditsPodcast #FinancialRegulation #ConsumerProtection

EP. 20: DFPI Regulatory Audits: What Escrow Companies Can Expect

In this episode of Debits and Credits, Michael C. Haas, CPA takes an in-depth look at DFPI Regulatory Audits and what licensed California escrow companies should expect during a regulatory examination. Michael discusses the role of the California Department of Financial Protection and Innovation (DFPI), audit procedures, trust account reconciliation requirements under CCR § 1732.2, and financial responsibility standards under California Financial Code § 17210. He also explains how proper recordkeeping, internal controls, and compliance with state regulations help escrow companies successfully navigate audits and protect client funds. Whether you're an escrow officer, manager, owner, or industry professional, this episode provides valuable insight into maintaining compliance and preparing for a DFPI examination. #DFPI #RegulatoryAudits #Escrow #CaliforniaEscrow #Compliance #TrustAccounting  #EscrowIndustry #CPA #InternalControls #DebitsAndCreditsPodcast