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The U.S. Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) is considering whether to amend guidance the DOL issued in 1975—Interpretive Bulletin 75-9—on evaluating the independence of auditors retained by employee benefit plans under the Employee Retirement Income Security Act of 1974 (ERISA). EBSA seeks comments from the public by December 11, 2006 ( ; docket ID EBSA-2006-0043), on whether the bulletin provides adequate guidance for plan administrators, other plan fiduciaries, participants, beneficiaries, accountants and other affected parties on determining when a qualified public accountant is independent. To help CPAs understand the more common independence rules affecting ERISA audits, the AICPA Employee Benefit Plan Audit Quality Center has prepared a comparison of the current DOL and AICPA rules ( ).


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.