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James Finnan

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Opinions and views from expert CFOZone members.

Tag >> Department of Treasury
Oct 13
2010

Health plan reporting made easier

Posted by dbedell in IRShealth care reform, employer-sponsored health plan, Department of Treasurycompliance

dbedell

The IRS announced this week that it would waive W-2 reporting requirements on the cost of coverage for employer-sponsored health plans next year.

This is a welcome relief for companies that were struggling to update systems and understand changed reporting guidelines under Section 9002 of the Patient Protection and Affordable Care Act (PPACA).

Aug 04
2010

GAO warns on internal controls of US financial reports

Posted by Stephen Taub in Office of Management and Budgetinternal controlsGovernment Accountability Officegenerally accepted accounting principlesGAODepartment of Treasurycomplianceaudit

Stephen Taub

It looks like the folks who brought us Sarbanes-Oxley need a dose of the governance and accounting rules themselves.

A new US Government Accountability Office (GAO) report concluded that improvements are needed in controls over the preparation of the US consolidated financial statements.



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