Understanding Compliance Requirements in For-Profit Healthcare under COVID-19 The Coronavirus… Read more »
Single Audit Requirement: Compliance Audit Basics
Category: Audit and Assurance
Improving Audit Quality with Data Analytics
Key Takeaways: Enhanced Accuracy: Data analytics improves the precision of… Read more »
Five Steps to Prepare for your First Single Audit
The Coronavirus Aid, Relief, and Economic Security Act (the “CARES… Read more »
Changes Coming to ERISA Employee Benefit Plan Audits – What Plan Sponsors Need to Know
In July 2019, the AICPA Auditing Standards Board (ASB) issued… Read more »
Secured Overnight Financing Rate (SOFR) Approved by FASB as a Hedging Benchmark Rate
In October 2018, the Financial Accounting Standards Board (FASB) issued… Read more »
Limited Scope Audits of Employee Benefit Plans
Limited scope audits are elected on more than 80% of employee benefit plans. As a plan administrator, what does electing a limited scope audit mean to you?
Revenue Recognition for Not-for-Profit Organizations Under ASU No. 2014-09
Tips to ensure organizations understand the new standard and effectively… Read more »
The Impact of Remote Work on IT Attestation Audits
Remember earlier this year when everything was business as usual?… Read more »
Are you meeting your company’s fiduciary duty regarding 401(k) plans?
Sponsoring a 401(k) plan is a personal responsibility that company leaders assume as fiduciaries of the plan. A key fiduciary duty is having an audit conducted by a qualified independent accountant once the 401(k) plan reaches 120 participants.
Cybersecurity and Employee Benefit Plans
Employee benefit plan sponsors have a fiduciary duty to ensure participant information and plan assets are protected from cyber threats and that there is a plan to respond to a data breach and mitigate any associated damages.