INFOFLASH BLOG
Audit
- On Your Mark, Get Set, Go! (6/20/2019) Preparing to implement the new Lease Accounting Standard - ASU 2016-02, Leases (Topic 842) The FASB’s lease accounting standard change, ASU…
- How to Create Cash Flow Projections and Profit & Loss Statements (6/4/2019) When it comes to making cash flow projections, we’re all aware that it’s not an exact science. One of the…
- Fraud and Internal Audit – Assurance Over Fraud Controls, Fundamental to Success (4/8/2019) Every year billions of dollars are lost to fraud and corruption resulting in inefficiencies, aborted projects, financial challenges, and in…
- Changes To The Determination Letter Program (2/11/2019) Effective 1/1/2017 Internal Revenue Service (IRS) eliminated the staggered 5-year remedial amendment cycle for individually designed plans (IDP) on which…
- Consideration Of Non-Cash Contributions (1/16/2019) Plan Sponsors may consider contributing non-cash assets into the Plan; typical non-cash contributions include corporate shares and real-estate assets. However,…
- Nondiscrimination Testing- Compliance for Employee Benefit Plans (12/12/2018) Basic nondiscrimination testing - 410(b) and 401(a), is required for defined contribution plans but how do Plan Sponsors address them…
- Looking at Fiduciary Responsibilities- Death Audits on the Day of the Dead (10/30/2018) Día de los Muertos, or Day of the Dead, is a holiday celebrated throughout Latin American to remember and honor…
- Tightening Controls for Federal Awards (10/1/2018) Understanding the Requirements for Internal Control over Compliance of Federal Awards Internal control is a process effected by an entity’s…
- Tackling Cybersecurity Pain Points for Your Benefit Plan (8/10/2018) Due to the increased use of electronic means to process financial transactions and store confidential information, cyber security is a…
- Blockchain, Cryptocurrency,Smart Contracts, and How They are Related (7/17/2018) The overnight ascension of cryptocurrencies has thrust an entirely new vocabulary onto the business world. Blockchain this, cryptocurrency that. When…