Print Friendly, PDF & Email



Proposed Update to Auditing Standards for Employee Benefit Plans

In an effort to improve the communicative value and relevance of the auditor’s report, the AICPA Auditing Standards Board (ASB) recently released an exposure draft of a proposed Statement on Auditing Standards (SAS), Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA. The proposed SAS would apply to audits of single employer, multiple employer, and multiemployer plans subject to ERISA, and plan sponsors may... continue reading

AAFCPAs releases 8-part educational podcast series, designed to help nonprofits thrive

AAFCPAs releases 8-part educational podcast series, designed to help nonprofits thrive

AAFCPAs is excited to announce the release of our 8-part educational podcast series offering actionable takeaways for organizations to improve efficiency, effectiveness and performance controls. This collection of podcasts is the 2nd series of recordings from AAFCPAs’ Annual Nonprofit Educational Seminar. These podcasts, and accompanying introductory videos, feature full audio of thought-provoking sessions recorded on May 3rd, 2017 in front of a live audience of 300+ nonprofit executives and board members.  Several... continue reading

Panel Provides Guidance for Employee Benefit Plan Sponsors and Other Fiduciaries

AAFCPAs Davide Villani, CPA, CGMA, Managing Director, Employee Benefit Plan Audits, will join a panel of IRS, DOL and ERISA professionals providing guidance for plan sponsors and other fiduciaries on 401(k) and 403(b) retirement plan compliance.  This session will help employers manage their fiduciary responsibilities through a better understanding of regulations and common risk areas. Workshop attendees will gain an understanding of: The key areas of ERISA fiduciary responsibility, The... continue reading

Davide Villani Promoted to Managing Director

Davide Villani Promoted to Managing Director

AAFCPAs is pleased to announce that Davide Villani, CPA, CGMA has been promoted to Managing Director in recognition of his technical leadership in the employee benefit  plan practice and his service excellence to the firm’s clients. Many of you know and have experienced Dave’s significant contributions to AAF clients since joining the firm in 2002.  He began serving diverse nonprofit clients.  As our commercial client base grew, his focus evolved... continue reading

DOL Urges Businesses to Select a Qualified Benefit Plan Auditor, Such As AAFCPAs

In letters and emails mailed in November 2015, the US Department of Labor reminds businesses who filed a Form 5500 with audited financial statements of the importance of selecting a qualified CPA firm with expertise in ERISA standards. This email is in response to results published in a recent DOL audit quality study, which found “serious problems with nearly 40% of employee benefit plan audits.”  It should be noted that... continue reading

AAFCPAs Manager, Davide Villani, CPA named co-chair of MSCPA ERISA Committee

AAFCPAs is excited to announce that Davide Villani, CPA has been nominated to serve as co-chair of the MSCPA ERISA Accounting & Auditing Committee. The ERISA Accounting & Auditing Committee is a forum for ERISA professionals to share best practices relating to improving the overall quality of ERISA/DOL audits including: 401K, 403B and Health & Welfare Plans.  As co-chair, Davide is responsible for leading the forum for shared expertise, and... continue reading