In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update, 2017-07, Compensation – Retirement: Improving the Presentation of Net Periodic Pension...Read More
While most organizations won’t have to implement the changes related to the new Presentation of Financial Statement of Not-for-Profit Entities Standard (ASU 2016-14) until...Read More
Being investigated by the Department of Labor (DOL) can be a nerve-wracking and time-consuming experience for any benefit plan provider. However, being familiar with the...Read More
The 90-day non-extendable deadline for calendar year LM-2 filers is fast approaching. The Department of Labor (DOL) Office of Labor-Management Standards (OLMS) previously issued...Read More
Sometimes Congress passes bills that include provisions not related to the main bill. Such was the case when it passed the highway funding bill,...Read More
In December 2013, the United States Office of Management and Budget (OMB) issued comprehensive grant reform rules titled “Uniform Administrative Requirements, Cost Principles, and...Read More
The Department of Labor (DOL) has made significant changes to the Fair Labor Standards Act (FLSA), the federal law that controls overtime pay. Under...Read More
On July 22, 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory....Read More
In various reviews of the quality of Employee Benefit Plan audits, the Department of Labor (DOL) has found that firms with limited employee benefit...Read More
The financial soundness of a not-for-profit is of considerable interest to its donors, suppliers, employees, and volunteers, because they all have an interest in...Read More
