All News for the Month of June 2015
Embezzlement Scheme with Alleged Losses of $13.4 Million
Trusted employees are continuing to victimize companies via fictitious shell-companies, as demonstrated by an alleged embezzlement matter, based upon litigation filed in Milwaukee and Chicago. A former MillerCoors executive...
Finding the Forest Among the Trees: Achieving Greater Disclosure Effectiveness
The fundamental objective of any disclosure document is the clear communication of relevant and material information in a summarized and understandable form. “Disclosure effectiveness" refers to the extent to which...
August 2015 Retirement Plan Deadlines
Retirement plan administrators and 401(k) plan sponsors should be aware of the following August 2015 administrative deadlines for defined contribution plans:Defined Contribution Retirement Plan Deadlines August 14 Quarterly...
Occupational Fraud Prevention – Simplified!
In a recent Entrepreneur Magazine article, business owners have collected their top suggestions for preventing occupational fraud, or fraud committed by employees, into four bullet points: Establish a code of conduct...
Arianna Mora Joins Las Vegas Office as Associate
July 22, 2015 – Piercy Bowler Taylor & Kern (PBTK), a Las Vegas-based public accounting firm, has hired Arianna Rodriguez Mora as an Associate Auditor. She is a student at the University of Nevada Las Vegas (UNLV)...
Financial Fridays Radio Show (Aired July 17, 2015)
Friday, July 17th, Financial Fridays radio show aired live at 3 pm only on Vegas All Net Radio (VANR): www.vegasallnetradio.com. Our guests this week included:Jay Beltz, ERPA, QPA is the Managing Consultant and a Founding...
Financial Fridays Radio Show (July 10, 2015)
Financial Fridays is a weekly radio show with business news topics that will increase your financial literacy, co-hosted by Scott Taylor, CPA. Our most recent show was Friday, July 10th and aired on the Vegas All Net...
The Downside of Automatic 401(k) Enrollment
CNBC: Nearly a third of Americans age 55 and over have no retirement savings, and defined benefit pension plans are going the way of the dinosaur. So you'd think that employers would be doing a great thing when they...
What a New Fiduciary Standard Means to Plan Sponsors
Employee Benefit News: All retirement plan sponsors should be working with investment advisers who have signed on to their plan as fiduciaries. If your investment adviser is not a fiduciary, either ask him/her to become...
Who's Auditing the Internal Auditor?
Audit Committees, CFOs and other top management rely on the internal audit function to get to the bottom of things. But a fair question is, “Who's auditing the internal auditors?"Another question to ask, “Is Internal...
July 2015 Retirement Plan Deadlines
Retirement plan administrators and 401(k) plan sponsors should be aware of the following July 2015 administrative deadlines for defined contribution plans:Defined Contribution Retirement Plan Deadlines July 29 Summary...
51% of Americans are Putting Off Life Decisions for Financial Reasons
Journal of Accountancy: More than half of Americans have delayed at least one major life decision for financial reasons in the past year, a recent AICPA survey found. Fifty-one percent of the 1,010 U.S. adults surveyed...
Financial Fridays (Aired June 26, 2015)
Hosted by PBTK Principal Scott Taylor, CPA, Financial Fridays aired at 3 pm on June 26, 2015 - now only on the Vegas All Net Radio (VANR): www.vegasallnetradio.com. Our guests this week included:Mark Kantrowitz, PhD...
Bill Nelson Discusses Fraud on Real Estate Radio Network
Piercy Bowler Taylor & Kern's Bill Nelson joins RERNLV live in studio for this show! He joins the show to discuss affinity fraud, internal fraud, and financial statement reporting. As always, be sure to tune in...
Financial Fridays (Aired June 19, 2015)
Financial Fridays aired on June 19th at 3 pm only on Vegas All Net Radio (VANR): www.vegasallnetradio.com. Here is some info on our guests for the week:
Three New Associates Join PBTK Las Vegas Office
June 19, 2015 – Piercy Bowler Taylor & Kern (PBTK), a Las Vegas-based full-service accounting firm, has hired Michael Cen, Kaydee Kelsay and Ariane Tesdal. Cen joins PBTK after graduating in May 2015 with his Master's...
Financial Fridays (Aired June 12, 2015)
Financial Fridays last aired on June 12th on the Vegas All Net Radio (VANR): www.vegasallnetradio.com. Our experts this week included: John Restrepo is the Principal of RCG Economics in Las Vegas, Nevada, where he directs...
Why Internal Audits Matter
Press-Telegram (Laura Doud): As Long Beach's city auditor, I will be the first to acknowledge that auditing is not always the first topic discussed at a dinner party. So, when I announce that May is International Internal...
Financial Fridays (Aired June 5, 2015)
On Friday, June 5th, Financial Fridays aired on Vegas All Net Radio: www.vegasallnetradio.com. Our experts this week included:Chantal Lovell joined the Nevada Policy Research Institute in January 2014 to serve as its...
Was GAAP Ever ‘Generally Accepted’?
The CPA Journal: Some have asserted that the term “generally accepted accounting principles" (i.e., GAAP) has lost its “general" acceptability over time, and that it is now time to make accounting standards both relevant...
401(k) Plans Must Be Monitored by Employers, High Court Says
Investment News: The U.S. Supreme Court made its decision on a key 401(k) lawsuit Monday, and the takeaway for retirement plan advisers is a simple one: Keep a close eye on your recommended fund lineups and review your...
The List: Accounting Firms (2015)
Las Vegas accounting firms were recently ranked (by the number of local CPAs) by the Las Vegas Business Press. PBTK was ranked third, the largest locally-based firm. See the PDF link below in Additional Article Information...
Fed Survey: Many Americans Have No Retirement Savings
(Reuters) - Many Americans are not financially prepared for retirement, with almost a third of working adults without savings or a pension, according to a Federal Reserve survey published on Wednesday.The Fed's 2014...