November 2011
Posted November 15, 2011
Read the Full Issue
Inside this issue:
How Much is Enough Cash Reserves?
Rules and best practices concerning cash reserves are great, but this one is routinely questioned, and sometimes ignored, by organizations of all sizes.
IRS Scrutiny of Not-for-Profits Continues
The trend toward broader scrutiny of the finances and governance practices of not-for-profits should be enough to make organizations of all sizes sit up and take notice.
DOL Extends Deadline for Retirement Plan Disclosures
The Department of Labor (DOL) has delayed the date when sponsors of employee retirement benefit plans must disclose information to plan participants about eligibility, expenses and investment options, among other things.
Can an Auditor Be Expected to Detect Fraud?
There is a common public perception that when financial fraud has been committed, an audit of financial statements can and ultimately will detect it. But in the real world, an employee or outside vendor is more likely to report fraud than an auditor is to detect it.
