Robert Engler
3 Areas of Fraud-Proofing to Focus on For Construction
As the economy continues to challenge everyone, the motivation for some employees to steal isn’t hard to understand. Although the term “fraud-proof” may be a bit hyperbolic, it doesn’t hurt to shoot for the stars when trying to safeguard your revenue and assets. One way to divide and potentially conquer fraudsters is to focus on [...]
New Lease Exposure Draft Could Hurt Your Balance Sheet and Violate Your Loan Covenants
On August 17, 2010, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) published an Exposure Draft on lease accounting that would essentially eliminate off-balance-sheet financing through operating leases. The exposure draft would require lessees to book assets and liabilities for all leases. Comments on the proposed Accounting Standards Update are due [...]
Don’t ignore that 401(k) Compliance Check Questionnaire
The IRS’s Employee Plans Compliance Unit (EPCU) is sending a letter and instructions to a random sampling of 1,200 employers of the nearly half million employers that sponsor 401(k) plans and asking them to complete a comprehensive “401(k) Compliance Check Questionnaire.” The IRS said that the questionnaire was developed because of the critical role 401(k) [...]
