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OMB Issues the 2021 Compliance Supplement

By Tammy Ricciardella, CPA On August 12, 2021, the Office of Management and Budget (OMB) issued the 2021 Compliance Supplement (Supplement). The Supplement is effective for audits of fiscal years beginning after June 30, 2020. The Supplement can be accessed on the OMB website. There are numerous changes in the Supplement this year that will […]

Provider Relief Fund Updated Single Audit Requirements

By Carla DeMartini, CPA What is the Provider Relief Fund? The Provider Relief Fund (PRF) is the federal program issued under the Coronavirus Aid, Relief, and Economic Security (CARES) Act aimed at supporting eligible health care providers in the battle against the COVID-19 pandemic. The PRF is administered by the Health Resources and Services Administration […]

Secure Act Guidance for Safe Harbor Retirement Plans

Employers now have more flexibility in adding or amending safe harbor 401(k) or 403(b) plans, thanks to the 2019 Setting Every Community Up for Retirement Enhancement (SECURE) Act and subsequent guidance from the Internal Revenue Service (IRS). These changes should increase access to the benefits that safe harbor plans offer, such as avoiding administrative costs […]

DOL Issues Cybersecurity Guidance for Retirement Plans

On April 14, the Department of Labor (DOL) outlined a range of practices for combatting the growing threat of cybercrime to ERISA-covered retirement plans. This first-ever cybersecurity guidance issued by the DOL’s Employee Benefits Security Administration (EBSA) casts a wide net, addressing key issues affecting plan sponsors, fiduciaries, record keepers, as well as plan participants […]

Winter/Spring 2022 Audit Internship

Functions: As an entry level position for a fall internship, interns actively participate in the full audit process of all the clients of the firm. You will be responsible for utilizing your educational background as well as communication and organizational skills by providing assistance in the full audit process including: preparation of work papers, trial […]

Winter/Spring 2022 Tax Internships

OPPORTUNITY: We are seeking talented soon to be college graduates to join our tax practice in our Fort Lauderdale and West Palm Beach offices. This is your opportunity to use the breadth of your accounting and tax knowledge and skills and intern with an elite and growing local firm CPA that offers many opportunities! Essential Functions: […]

Revisions to the Uniform Guidance Affecting Recipients

By Tammy Ricciardella, CPA On Aug. 13, 2020, the Office of Management and Budget (OMB) issued Final Guidance on amendments to the OMB Guidance for Grants and Agreements (Uniform Guidance). This reflects the first revisions to this guidance since they were originally issued in 2013. The impact from these revisions range from minor and unique […]

Nonprofit Data Breach Vulnerabilities and How to Avoid Them

By Mike Lee, CIPM, Alexandre Chanoine, J.D. and Derrick King As more people are shifting to digital lifestyles and remote operations, data is being passed through the internet now more than ever. Proportionate to this, however, are the opportunities for potential compromise of the data, particularly via a data breach. Data breaches are the unauthorized […]