Benefit Plan Audits
- Change is Finally Here! Newly Published EBP SAS (8/5/2019) Following a shocking 39 percent audit deficiency rate in an audit quality study conducted by the Department of Labor (DOL)…
- 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…
- 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…
- Top 5 Internal Controls Risks Facing Benefit Plans (3/2/2018) by Gosia Kanda One factor that creates risk for benefit plans is a lack of effective internal controls. As we…
- Simplifying the Simplification Standards (7/17/2017) By Gosia Kanda, CPA and Nadia Cruz, CPA Being able to serve clients with sound audit advice requires practitioners to…
- Audit Deficiencies- Putting Plan Assets and Participants At Risk (1/31/2017) by Gosia Kanda, CPA $3.4 trillion in Plan Assets and 55.7 Million Participants are at Risk due to Audit Deficiencies.…