At last week’s Northeast Area Benefits Conference, co-sponsored by the IRS and ASPPA, two Certified Public Accountants discussed the many moving parts of a retirement plan audit. Timothy J. Desmond, ...
The Washington State Auditor’s Office in recent years has concluded that the state Department of Children, Youth, and ...
As a savvy business executive, you’re tasked with ensuring that your company avoids pitfalls while productivity and profits remain high. And, if your business has 100-plus participants, you also have ...
State auditors say Anthem Blue Cross failed to recover $19.3M in hospital overpayments for New York's Empire Plan, spurring ...
A Maryland nonprofit that has received more than $60 million in taxpayer funds since 2022 stated it has yet to complete a ...
Once the audit requirement is triggered, what is the next step? The next step would be to find a firm to perform the audit work. Many companies look at the firm that does their annual accounting and ...
The Department of Labor (DOL) has routinely conducted compliance audits on health and welfare plans. “In the past, audits were either random, based on targeted industries with a history of compliance ...
In addition to well-known provisions on business loan programs, paid leave and individual stimulus checks, the CARES Act included certain elements related to qualified retirement plans — 401(k), 403(b ...
The hurried changes made to employee benefit plans as a result of the coronavirus pandemic make thorough documentation an important tool for EBP auditors in the current environment. Penalty-free ...
The American Institute of Certified Public Accountants (AICPA) issued a new audit standard for employee benefit plans in July 2019. The new standard is commonly referred to as SAS 136, but its ...