Impact of Subservice Organizations to Service Organization Control (SOC) Reports

Customers of organizations that provide outsourced services of critical business functions and/or transaction processing often require the service provider ... read more >

Discontinued Operations Guidance Gets Overhaul

Audit

By Joe Bruce

In April 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-08, Presentation of Financial Statements ... read more >

Same-Sex Marriages and Retirement Plan Administration

Benefits|ERISA

By Scott Rain

As a lot of you are aware, in 2013, the United States Supreme Court, in United States v. Windsor, handed down a decision which declared Section 3 of the ... read more >

Should Companies Providing Managed Technology Services Require a SOC (Service Organization Control) Report?

SSAE 18/SOC

By Frank Dezort

If we consider that the majority of services or IT processes that are outsourced to a managed services vendor would include key security responsibilities ... read more >

SOC 1 Reports: How Can They Benefit Your ERISA Plan?

SSAE 16 or SOC reports are typically used by auditors in order to support tasks that have been outsourced by their clients. However, these reports, which ... read more >

Marcellus Gas Production Affecting Local Gas Prices

Natural gas prices have emerged from the $2-$3/MMBtu lows of 2011 and 2012 to stabilize above $4/MMBtu. National pricing is generally based on the Henry ... read more >

Not-for-Profit Financial Statements Update - Disclosure of Liquidity

The Not-for-Profit Advisory Committee (NAC) has been working on and presented various Financial Statement Presentation (FSP) topics to the Financial Accounting ... read more >

Formation of Insurance Captives

Audit|Tax

By John Popies

Once it has been determined that an insurance captive is a viable option, many things need to be considered/completed. Such items include feasibility studies, ... read more >

Help Prevent Future "Heartbleeds"

Recently, a Finnish security firm, Codenomicon, discovered the Heartbleed vulnerability in a variant of SSL (Secure Socket Layer) protocol known as OpenSSL. ... read more >

Moving Exempt Organizations Forward: IRS Fields a New EO Team

During a very long and harrowing “off-season,” the IRS has drafted, fielded and announced the Exempt Organization (EO) Division team. The EO ... read more >