Novak Francella
Novak Francella

COVID-19: Our Response & Resource Plan

Published March 17, 2020

Please see the bulletin below providing information regarding our response and current resource plan:

COVID-19 Response

What is Peer Review and Why Is It Important

Organizations and individuals around the country rely on audit reports issued by CPA firms. When a CPA firm signs an audit report, they are certifying that they have done what is required by generally accepted auditing standards in order to issue that report. But who checks up on the CPA firm to make sure they […]
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PBGC Premium Filing Due Date Change for 2025 Plan Years

PBGC Premium Filing Due Date Change for 2025 Plan Years - premiums are due one month earlier than usual On January 6, 2025, the Pension Benefit Guaranty Corporation (PBGC) issued Technical Update 25-1, providing important guidance to sponsors of PBGC-covered1 single-employer and multiemployer defined benefit (DB) plans regarding the change in the timing of PBGC […]
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IRS Announces New Pilot “Pre-Audit” Compliance Program for Retirement Plans

IRS launched a pilot pre-audit program for retirement plans. Plans get 90 days to self-review and correct issues using EPCRS. If they respond, IRS may agree or conduct further examination. If not, full audit follows. Program aims to reduce burden and IRS exam time. Full details pending.
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