Blog | Albin Randall & Bennett
Recent Articles
Maine’s Back-To-Work Grant Program
The Mills Administration launched a new program to boost the State of Maine’s economy by bringing workers to Maine employers in need and getting unemployed
How Does SAS 136 Change the Rules for a Limited Scope Audit?
Nearly two years ago, the AICPA issued Statement on Auditing Standards (SAS) No. 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit
What’s the Right Entity Type Selection for Your Business?
Entity selection is an important decision when starting a new business. It’s a decision that requires more thought than many new business owners may anticipate.
How Proper Internal Controls Can Help Your Nonprofit Succeed
Controls over operating processes are essential for all organizations, including nonprofits. This can sometimes be extremely challenging for smaller nonprofits due to a limited number
Is Your Manufacturing Company Leveraging The Digital Transformation?
Technology plays an integral part in manufacturing. To stay on the leading edge of the industry, manufacturers keep a constant watch on technology trends and
DOL Releases Cybersecurity Guidance for Protecting Employee Benefit Plans
On April 14, 2021, the United States Department of Labor’s (DOL) Employee Benefits Security Administration published three cybersecurity guidance releases. Cybersecurity Program Best Practices and
FASB Votes on Credit Losses, TDRs & Vintage Disclosures
On February 2, 2022, the Financial Accounting Standards Board (FASB or the Board) issued its tentative decisions on the proposed Accounting Standards Update (ASU), Financial
How Mergers and Acquisitions Affect Buyer/Seller 401(k)s
What would happen to your company’s 401(k) plan if you merged with or acquired another company? It’s a question that’s coming up more and more
NCUA’s 2022 Supervisory Priorities for Credit Unions
The National Credit Union Administration (NCUA) has released its annual letter to credit unions containing supervisory priorities for 2022. While many of the NCUA’s 2022
Why You Should Extend Your Partnership’s Tax Return Each Year
The Bipartisan Budget Act (BBA) of 2015 changed the way partnerships make adjustments to their previously filed tax returns for tax years beginning after December
Safeguards Rule – Updates for Credit Unions & Auto Dealers
As the turn of the year settles, financial institutions should revisit their information security obligations under the Gramm-Leach-Bliley Act Safeguards Rule (Safeguards Rule). The Federal