Vendor fraud in the accounts payable (AP) process is no longer a niche concern. It is a universal risk that touches finance, operations and firm governance. For controllers, CFOs, and operations leaders, prevention starts with understanding where modern processes are vulnerable and how those weaknesses translate into financial and operational exposure. Where Companies Are Most…
Florida law provides a valuable but often underutilized benefit for homeowners’ associations (“HOAs”): a sales tax exemption on certain utility charges. Under Florida Statutes §212.08(7)(j), electricity may be exempt when used for qualifying residential purposes. In the HOA context, common-area use may qualify only to the extent that it supports residential living and is not…
Chelsie is a leader in Withum’s San Ramon, CA, office, where she specializes in audits of employee benefit plans, labor organizations and multiemployer benefit plans. She was recognized for her dedication to clients, technical proficiency and ability to help organizations address audit and compliance requirements. Chelsie is deeply committed to fostering the next generation of…
As another employee benefit plan audit season gets underway, plan sponsors have a valuable opportunity to get ahead of the issues that most frequently surface during a retirement plan audit. A little preparation now can prevent findings, corrections, and uncomfortable conversations later. Below are three areas that consistently draw scrutiny and where a proactive review…
Outsourced Accounting FAQ Whether you’re evaluating outsourced accounting services for the first time or looking to optimize an existing finance function, questions often arise around onboarding, software compatibility, security and ongoing support. This outsourced accounting FAQ addresses common considerations organizations have when working with an outsourced accounting team, including ERP support, system implementations and how solutions can integrate with…
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