Companies often overlook certain areas in the accounting guidance that can significantly impact the financial results of all parties involved in an M&A transaction. Be aware of these five important aspects of a business combination.
U.S. GAAP requires companies to calculate an income tax provision to report on its various income tax accounts. We highlight the top areas of concern and briefly explain what you can do in preparation for the income tax provision analysis in these areas.
There are plenty of ways to get in trouble in the highly regulated world of employee benefit plans. But there are few ways to get in hot water faster than by engaging in prohibited transactions.
Ultimately, a hardship distribution can be made from a qualified plan only if all three of the following conditions.
As consistent with SAS 70 audits, service organizations can obtain Type I or Type II reports for both SOC 1 and SOC 2 audits.
The Department of Labor holds plan management responsible for proper valuation and reporting of plan investments — even if you use outside investment custodians, asset or fund managers, or other service providers. Plain and simple, the ultimate responsibility cannot be outsourced or assigned to a party other than plan management. What this means in practical […]