By Allison Henry, CPA | Nov. 20, 2015
Your employee benefit plan clients may have received a letter from the Department of Labor (DOL), similar to this one, regarding the importance of hiring a qualified CPA. Your immediate reaction may be shock or anger. However, it’s important to keep in mind that plan administrators are on the hook for a deficient filing. Read the full story.
By Allison Henry, CPA | June 2, 2015
The U.S. Department of Labor’s Employee Benefits Security Administration released its 2014 Audit Quality Study on May 28, 2015. The study, which looks at 400 employee benefit plan audits, reveals a 39 percent deficiency rate, higher than previous DOL quality studies. The AICPA and the PICPA have developed programs to reverse this trend. Read the full story.
CPA Now - by Richard F. Fischer, CPA, CPMG | Sept. 9, 2015
The EBSA restored roughly $423 million in embezzled assets back to employee plans in 2014. Don't let your firm fall victim. Read the full story.
AICPA | May 14, 2015
The AICPA is focusing its efforts on financial statement audits for private companies, employee benefit plans, and governmental entities. Read full story.
Pennsylvania CPA Journal - by Allison M. Henry, CPA | Sept. 1, 2015
Significant challenges are confronting AICPA’s peer review program that raise questions regarding the profession’s ability to continue its self-regulation. Read the full story.