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Will Autonomous Cars Sideswipe the Insurance Industry?
Mar 28, 2017
When it comes to autonomous cars, most people wrestle with the safety risks or costs to consumers for this advanced technology. But one thing you hear little about is what role will auto insurance play?
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Intellectual Property Protection: The Evolving World of 3D Printing and Intellectual Property
Mar 28, 2017
The 3D printing market is expected to exceed $30 billion by 2022. With that comes opportunities and challenges – particularly in the area of intellectual property protection.
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RIAs Overall Applaud SEC’s Increased Oversight Following Labor Department’s New Fiduciary Rule
Nov 15, 2016
The SEC is increasing its scrutiny of Registered Investment Advisers (RIAs) due the growth in the industry, which is expected to continue more rapidly given the Labor Department’s recent fiduciary rule that takes effect in April.
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SEC’s Focus on Auditors and Accounting Firms
Nov 15, 2016
The SEC has issued pronouncements on enforcement actions against auditing firms. SEC actions against auditors are nothing new and have occurred for decades. As such, employees involved in audits should be aware of risk factors leading to regulatory discipline.
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Want Your Law Firm M&A to Succeed? Don’t Skip the Due Diligence
Nov 15, 2016
A merger and acquisition can be tricky enough, but an M&A at a professional service firm requires certain business and financial acumen. 2015 was a banner year as 91 law firm M&A transactions were completed in the U.S. What is driving law firm merger mania?
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Applying Eminent Domain to IP Transfer Pricing
Jun 15, 2016
Intellectual property proponents argue that patents, copyrights and trademarks should be called intellectual property in order to be covered by eminent domain protections. The application of eminent domain has sparked discussions about ownership and migration of intellectual property.
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The New World of the Computer Hacker – and Forensic Technology Specialists
Mar 14, 2016
Computer forensics and investigations require detective skills. Typically, the need for forensic technology services involve some form of dispute, but not all high-tech investigation matters necessarily contain cybercrime, fraud or litigation.
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Fraud Prevention and Detection - Pre-Emptive Fraud Auditing
Mar 14, 2016
The COSO Internal Control - Integrated Framework has become the generally accepted standard. While no control activity can stop a person who is determined to commit a fraud, a strong control environment acts as a form of preventive control against fraud.
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Oct 24, 2014
The New York Non-Profit Revitalization Act of 2013 has far-reaching elements, including significant amendments to the New York Not-for-Profit Corporation Law, as well as applications to the New York Estate Powers and Trust Law (bringing charitable trusts under the Act’s jurisdiction).
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Jun 16, 2015
All multinational companies will face increased scrutiny regarding transfer pricing. The recent news reports of transfer pricing abuses and the OECD's increased focus on transfer pricing will in effect produce an intense focus by all governments.
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Trends & Developments - June 2015 - Ever-Increasing Duties for Plan Sponsors
Jun 16, 2015
Fiduciaries of employee benefit plans are under closer scrutiny than ever before. The duties that are imposed on those fiduciaries are increasing. ERISA applies to a wide array of employee benefit plans and the plan sponsors are subject to so-called fiduciary duties.
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Jun 18, 2014
Employee benefit plan sponsors common considerations. Sponsors of qualified retirement benefit plans looking at employer matching contributions made to defined contribution plans. Awareness of rollovers out of a plan and obtaining relief from defined benefit plan obligations.
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Trends & Developments - June 2014 - The Value of a Mock SEC Inspection
Jun 18, 2014
A mock SEC inspection can assist advisers in fulfilling the requirements under the SEC compliance program rules to annually evaluate their compliance programs. It involves examining the financial services firm's operations by looking at the internal controls.
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Jun 30, 2011
Deferred Compensation and Incentive Plans help attract, motivate and retain the best talent. Equity-based Compensation allows key employees to share in the profits and/or growth of the business. Phantom equity is also deferred compensation. Internal Revenue Code (IRC) section 409A broadly defines and taxes deferred compensation.
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Trends & Developments - February 2014 - Occupational Fraud – Still a Big Issue for Business
Feb 24, 2014
Employee theft and fraud news including Association of Certified Fraud Examiners' 2012 Report to the Nation summary. Fraud detected by internal controls or internal audits generally result in far smaller losses than fraud detected by external or reactive measures.
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Feb 24, 2015
Most employers who have a qualified retirement plan understand the requirement to file an annual Form 5500 Return, but may not know the Form 5500 filing requirements for their welfare benefit plans. Failure to file Form 5500 can result in high penalties.
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Cost Management: Boost Profits by Shrinking Expenses
Jun 1, 2017
At most dealerships, there’s a strong emphasis on increasing sales – and rightly so. Having more vehicle sales usually translates to increased revenue and potentially higher profits. But there’s another side to the profit equation - expenses.
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Spotlighting Performance: How KPIs can Keep Your Store on Track
Jun 1, 2017
An objective and effective way to measure operational performance is by establishing key performance indicators (KPIs) and following them closely. Here are some typical dealership KPIs, along with sample industry benchmarks.
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Help Wanted: Skilled Service Technicians
Jun 1, 2017
The average new car or truck contains up to 50 different computers which has significantly bumped up the skill level required of service technicians and made it difficult to find workers who possess the necessary skill sets. Here's how some dealerships are tackling the issue.
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Could Your Dealership Benefit from an Advisory Board?
Jun 1, 2017
It’s not always easy being the boss. Sometimes the demands of ownership can become overwhelming. An advisory board can provide great wisdom and insight. Whom should you invite?