The AICPA Employee Benefit Plan Audit Quality Center has published a very useful Plan Advisory entitled "The Importance of Internal Controls in Financial Reporting and Safeguarding Plan Assets". The document begins with general background information that might put you to sleep, but then moves into more interesting topics such as [...]
On June 4, 2012, the K Financial Foundation hosted another fun event at the Kidney Center in the Children’s Hospital. We brought in many different varieties and colors of art clay and helped the kids have a little fun while they were getting their dialysis treatment. The kids generally come [...]
On May 25, 2012 the K Financial Foundation hosted another successful event at one of our favorite venues – Urban Peak in downtown Denver. The K Fi Team provided and served 70 breakfast burritos and tons of fruit and juice to homeless youth who were attending a job fair later [...]
One of the best ways to reduce the risk of fraud is to improve internal controls over cash disbursements. We have helped dozens of companies strengthen controls in this area. Based on this experience, we have assembled a list of the most common and effective cash disbursement controls. You can [...]
The K Fi Foundation organized the 5th annual Mt. Saint Vincent Home Pizza Bowl this evening. We hosted 10 awesome kids from MSV, ate lots of pizza and depreciated the Fat Cats bowling alley more than the average party with our sub-par bowling skills.
The K Fi Running Club is gearing up for our 2nd Dirty 30 Trail Run on June 2. We did a nice training run on Friday April 13 at Davidson Mesa as part of our ramp up.
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. [...]
