INFOFLASH BLOG
Audit
- 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…
- New Developments for Presentation of Nonprofit Financial Statements (4/11/2018) ASU 2016-14 | Summary of Changes to Not-for-Profit Financial Statements Are you ready for significant changes to the financial statements…
- 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…
- IRS, DOL & PBGC Offer Hurricane Harvey Relief (9/6/2017) by Eric Ernest The Internal Revenue Service (IRS) announced significant relief for the victims of Hurricane Harvey, which includes an…
- 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…
- Accounting Standards Update for Not-For-Profit Entities (4/6/2017) By Johnson Olatunji, CPA The Financial Accounting Standards Board (FASB) has released Accounting Standards Update No. 2016-14, Not-for-Profit Entities (Topic…