Every year in America, we experience billions of dollars of corporate fraud losses. Most experts agree that fraud losses are higher in tough economic times – so as we continue to dig our way out of the recession, now is a good time to take some practical steps to protect [...]
K Fi Crew serving up breakfast On February 16, the K Financial team spent the morning at one of our favorite “Spots” for community service events – The Spot in downtown Denver. The Spot is an outreach center for homeless youth. […]
The AICPA Employee Benefit Plan Audit Quality Center has developed a summary analysis of the U.S. Department of Labor (DOL) Employee Benefit Security Administration's criminal enforcement actions involving employee benefit plans during the period April 2009 through November 2011. The summary includes actual fraud cases categorized by plan type. This [...]
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released a new thought paper aimed at helping organizations better articulate, develop, and implement "risk appetite." Enterprise Risk Management - Understanding and Communicating Risk Appetite is the latest in a series of COSO papers providing guidance on improving risk management. [...]
On December 12, the K Financial team hosted one of its best events yet. We spent the morning with our good friends at the Kidney Center in Denver Children's Hospital having an excellent Christmas celebration. We had a great time with the kids, trying to make their dialysis treatment a [...]
Every year it is important for 401(k) plan administrators to review the requirements for their plan's operation. This annual review is a "best practice" that is often overlooked, but could save you time, money and headaches in the coming year. The IRS has published a very helpful checklist to help [...]
On November 3, 2011, the K Financial team delivered and served breakfast to homeless youth at the Urban Peak’s’ drop in center, “The Spot”. The mission of Urban Peak is to help homeless youth overcome their challenges and become self-sufficient adults by providing essential services and a supportive community. We [...]
Internal control improvements are often perceived as adding cost to an organization. In fact, the argument against some control improvements is that the cost to implement them outweighs the benefits they create. There are some control improvements, however, that have a high likelihood of generating true economic returns. […]
The Department of Labor (DOL) released information yesterday that underscores the importance of high-quality and effective audits of employee benefit plans. The DOL has filed a complaint in federal court seeking to restore over $400,000 to two benefit plans. The lawsuit alleges that the plans' administrator failed to account for [...]
On August 4, 2011, the K Financial team hit the road at 3:15 AM to climb La Plata Peak, a 14,336 mountain in the Sawatch Range. We arrived at the trail head a little after 6 AM and began our adventure. […]
