• DOL report finds major deficiencies in employee benefit plan audits

    The US Department of Labor (DOL) issued a report on its inspection of 2011 employee benefit plan audits, Assessing the Quality of Employee Benefit Plan Audits. The report is quite troubling as the DOL found a deficiency rate that is too high for such an important element of the system to protect participants in employee benefit plans.
  • Common MythConceptions in GSA Schedule Contracting

    Jenn Thorson and Gabe Chami, government contractor advisors with Baker Tilly, discuss several common misconceptions in General Services Administration (GSA) Schedule contracting in Contract Management magazine. Contract Management is published by the National Contract Management Association.
  • Is your Power Purchase Agreement a capital lease?

    Power purchase agreements can reflect your utility’s de facto ownership of the power supplier’s assets for the term. Use the evaluation criteria in this article to determine whether or not you have taken control of the supplier’s asset.
  • Insurance regulators zeroing in on cybersecurity

    Recent activity by regulators shows an increased focus on cybersecurity in the insurance industry. The National Association of Insurance Commissioners (NAIC) has published its Principles for Effective Cybersecurity Insurance Regulatory Guidance. In addition, the New York Department of Financial Services (NY DFS) recently released guidance for New York insurance organizations with their Report on Cybersecurity in the Insurance Sector.