Clik here to view.
Larry’s Laws of Larceny- Law 18: Two Signatures on a Check may be no Better...
Posting by Larry Beebe Many organizations have a requirement that any check drawn for more than a certain amount must be signed by two people. The assumption is that two signatures are better than one....
View ArticleClik here to view.
Larry’s Laws of Larceny- Law 19: Beware of the Long Term Trusted Employee who...
Posting by Larry Beebe As stated earlier, excellent internal control systems help prevent fraud. One essential internal control concept is separation of duties, no one in the organization should have...
View ArticleClik here to view.
Larry’s Laws of Larceny- Law 20: Fraud in a Health Plan is More Common Than...
Posting by Larry Beebe Health care spending in the United States is massive. In 2014, health care spending in this country was estimated at $2.7 trillion or approximately 17% of Gross National Product....
View ArticleClik here to view.
Form 990-N Changes Announced
Posting by Richard Ruvelson Most small tax-exempt organizations (including affiliates of larger organizations and excluding private foundations which are required to file Form 990-PF regardless of...
View ArticleClik here to view.
Supreme Court Win For Self-Insured Health Plans
Posting by Larry Beebe On March 4, the Supreme Court ruled self-insured health plans do not have to comply with a Vermont law that required them to submit to the state “information relative to health...
View ArticleClik here to view.
DOL Investigating Plans that Fail to Locate Terminated Vested Participants
Posting by Larry Beebe The Department of Labor (DOL) recently announced a new initiative to investigate the adequacy of Defined Benefit Plans procedures to locate and pay out benefits to terminated...
View ArticleClik here to view.
Larry’s Laws of Larceny- Law 17: The Confusing Transaction is Often the...
Posting by Larry Beebe Accounting transactions can be very complex. For example, the use of derivatives in an investment can tremendously increase the risk in what appears to be a conservative asset...
View ArticleClik here to view.
Missing Pensioners
Posting by Larry Beebe One of the Department of Labor’s “hot buttons” lately has been making certain that defined benefit pension plans do everything they can to reach retired participants who are...
View ArticleClik here to view.
Fiduciaries Ordered to Pay Benefits Personally
Posting By Larry Beebe A U.S. District Court in Oregon ruled that the trustees of a retirement plan must pay a participant’s retirement fund distribution from their own personal funds as a result of...
View Article
