Category Archive: Audit and Assurance

HUD Releases Guidance on Reporting 2019 PHA Executive Compensation

PIH 2019-21, published by HUD on August 2nd, provides information needed to report the latest round of PHA Executive Compensation data for 2018. The deadline to report 2018 salaries is October 18, 2019. New This ...

FASB Issues Transition Relief for Credit Losses Standard

Summary The FASB issued ASU 2019-05[1] to allow entities to irrevocably elect the fair value option for certain financial assets previously measured at amortized cost upon adoption of the new credit losses standard. The new ...

Deadline Approaches for Remedial Amendments for 403(b) Plans

Maintaining compliance for 403(b) retirement plans historically has been challenging given the lack of historical regulatory oversight, guidance from the Internal Revenue Service (IRS), and non-profit organizations’ limited resources. But the IRS has taken steps ...

First-Time Plan Audits: What to Expect

Download PDF. Growing beyond 100 employees is an important landmark in a company’s history. While companies may view crossing this threshold as cause for celebration, the Department of Labor (DOL) may view it as a ...

A Day in the Life of an Audit Senior

Hello – My name is Trey Dalton, and I’m an Audit Senior at HM&M. I began as an intern, then took a full-time staff position after graduating from UNT with a Masters in Accounting. After ...