Industry FocusOur firm has specialization in serving companies in a number of key industries including insurance, nonprofits, construction, manufacturing, SEC registered companies and professional athletes. Learn more about JLK Rosenberger and discover why so many across California and Texas have entrusted us with their audit, tax, consulting and business advisory needs.
News & Updates
SIMPLE Choices for Retirement Plans
Retirement plans can be a great benefit to businesses. Beyond attraction and retention of employees, offering a retirement plan gives your business access to significant tax deductions. A SIMPLE IRA is often a good retirement plan option for small businesses. This year the deadline for setting up a SIMPLE IRA is October 1, 2018. It is important to weigh your options and decide soon if a SIMPLE IRA is the best retirement plan for your business.
Mandated Reporting of Critical Audit Matters
The Securities and Exchange Commission (SEC) has issued a revised model for public companies’ audit reports. Previously a simple pass-fail statement was sufficient to meet the SEC requirements; but in the interest of investors and stakeholders understanding of a public company’s financial reporting practice, the reporting of critical audit matters (CAMs) is becoming mandatory.
Top Enterprise Risk Management Misconceptions
When it comes to Enterprise Risk Management (ERM), many believe the effort needed to gain buy-in, implement and manage, outweigh the potential benefits. While it can be challenging, the benefits to the organization are substantial and continue to grow as the program is refined and optimized. Perception is often reality, and there are several misconceptions about ERM that tend to dissuade insurance companies from considering this increasingly important management strategy.
Evaluating Your Insurance Company Auditor
An audit is often viewed as a compliance exercise that doesn’t offer much value to management other than satisfying a reporting requirement. A proper audit process is often described as one that was completed on time and with few surprises. A bad audit process breeds the mentality that the audit is to be tolerated, endured and celebrated when finally finished.