Author: Jason Frick

Monitoring 401(k) Audit Requirements

April 27, 2022 by Jason Frick
Audit & Accounting
When plans reach a certain size, they are required to file the regular Form 5500 instead of the Short Form.  In addition, plans are typically required to be audited and those audited financial statements are to be attached when the longer Form 5500 is required.  The general requirement to file...
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Accounting for PPP Loans

September 28, 2020 by Jason Frick
Copeland Buhl
As the seasons turn towards fall and tax deadlines begin to fade away, we have had an increased number of questions regarding accounting for loans made under the Paycheck Protection Program (PPP).  The intention of this blog is not to discuss the loan program itself or related forgiveness process.  Instead,...
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Proposed Changes to U.S. GAAP for Private Companies

August 26, 2013 by Jason Frick
Copeland Buhl
Private companies face significant challenges in applying U.S. generally accepted accounting principles (GAAP) to their financial statements due to the complex accounting and disclosure requirements that have been introduced over the past decade. Many of these were implemented in response to the high profile accounting scandals that occurred during that timeframe...
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