Change is Finally Here! Newly Published EBP SAS
Posted on August 5, 2019
Following a shocking 39 percent audit deficiency rate in an audit quality study conducted by the Department of Labor (DOL) in May 2015, the DOL requested the ASB take a...
Following a shocking 39 percent audit deficiency rate in an audit quality study conducted by the Department of Labor (DOL) in May 2015, the DOL requested the ASB take a...
Effective 1/1/2017 Internal Revenue Service (IRS) eliminated the staggered 5-year remedial amendment cycle for individually designed plans (IDP) on which auditors relied to verify the Plan’s tax qualified status. In...
Plan Sponsors may consider contributing non-cash assets into the Plan; typical non-cash contributions include corporate shares and real-estate assets. However, if you’re considering such contributions, be alert as they may...
Basic nondiscrimination testing - 410(b) and 401(a), is required for defined contribution plans but how do Plan Sponsors address them once the plans failed those tests? To determine that an...
Día de los Muertos, or Day of the Dead, is a holiday celebrated throughout Latin American to remember and honor loved ones who have passed on to the other side....
Due to the increased use of electronic means to process financial transactions and store confidential information, cyber security is a major area of concern for all organizations as it relates...
The overnight ascension of cryptocurrencies has thrust an entirely new vocabulary onto the business world. Blockchain this, cryptocurrency that. When coupled with phrases such as "decentralized applications" and "smart contracts",...
by Gosia Kanda One factor that creates risk for benefit plans is a lack of effective internal controls. As we prepare for another benefit plan audit season, now is the...
By Gosia Kanda, CPA and Nadia Cruz, CPA Being able to serve clients with sound audit advice requires practitioners to first learn, understand and explain audit requirements and financial statement...
by Gosia Kanda, CPA $3.4 trillion in Plan Assets and 55.7 Million Participants are at Risk due to Audit Deficiencies. According to the Employee Benefits Security Administration (EBSA) study on...