
SAS 136 includes requirements to communicate reportable findings identified as a result of testing relevant plan provisions.

Plan administrators should consider all implications of an ERISA Section 103(a)(3)(C) election before the election is made.

National Taxpayer Advocate, Erin Collins, recommends the IRS pause automated collection notices. Congress may consider the recommendation.

Employers need to react quickly to the new guidance to pay in amounts as if they were incurred on Dec. 31, 2021.

ASU 2021-10 will require business entities to disclose information about certain types of government assistance they receive.

The IRS has released its annual cost-of-living adjustments for retirement plan limits, effective Jan. 1, 2022.

Before year end, plan administrators or trustees and their auditors should discuss certain preconditions of the audit.

This document lists pronouncements that became effective on or after Jan. 1, 2021 or are not yet effective as of Nov. 1, 2021.

We have updated our white paper regarding the fundamentals of LIBOR phase out and transition for financial institutions.

The GASB has changed the term “comprehensive annual financial report” to “annual comprehensive financial report.”

The OCC recently issued its views on a variety of accounting topics relevant to the financial institutions industry.

SAS 136 will affect audits of employee benefit plans subject to ERISA effective for periods ending on or after December 15, 2021.

The Ways and Means Committee proposed legislation targeting digital assets to increase tax revenue via wash and constructive sales rules.

Taxpayer Advocate Service is wrestling with a backlog of cases trying to navigate the changing environment of the pandemic.

The AICPA has issued recipient accounting guidance for Shuttered Venue Operators Grants and Restaurant Revitalization Fund grants.

Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test.