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Best Practices for Performing a Quality Audit

WEB1. Identifying areas of risk. 2. Gaining an understanding of key internal controls and processes. 3. Developing audit procedures that link to the identified risks and align with …

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URL: https://www.icpas.org/information/copy-desk/insight/article/digital-exclusive---2019/best-practices-for-performing-a-quality-audit

Retired Member Benefits

WEBRetired Member Benefits. Take advantage of all the ways your Illinois CPA Society membership can help keep you connected and engaged. Whether you are currently …

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Why CPA Firms Should Prioritize Employees’ Mental Health

WEBPromoting mental health services as an employee benefit provides CPA firms with an abundance of positive benefits, including talent retention. By Dr. Jessica Levin, CMP, …

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What We Lose When Women Leave the Workforce

WEBWith loss of talent comes loss of innovation. “Without the perspectives of women in the workforce due to this significant loss, we will absolutely lose out on innovation and ideas …

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Enhancing Employee Benefit Plan Audit Quality

WEBAccording to its November 2023 Audit Quality Study, the United States Department of Labor’s (DOL’s) Employee Benefits Security Administration found that almost 30% of …

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Inspiring Progress: A Look at the State of Women in Accounting

WEBIn recent years, the accounting profession has seen a rise in gender diversity within leadership, with women holding 39% of partnership positions at U.S. CPA firms, up …

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Illinois CPA License Renewal

WEBRENEWALS. CPAs and firms licensed as Public Accounting (PA) Firms must renew their CPA licenses and registrations every three years. These renewals are on a set schedule …

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Tax Strategies in the Time of COVID-19

WEBIllinois CPA Society member Daniel F. Rahill, CPA, JD, LL.M., CGMA, is a managing director at Wintrust Wealth Services. He is also a former chair of the Illinois CPA Society …

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Illinois CPA Society Membership Information

WEBQuick access to information specific to you! Get the most out of your membership by keeping your member profile up to date, accessing your member benefits, and engaging …

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Illinois CPA Society Membership Benefits

WEBMember Benefits. Your Illinois CPA Society membership has more of what you want, HOW YOU WANT IT. We've got you covered. Take advantage of all the ways your ICPAS …

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Tackling the Tiffs Over TIF Districts

WEBThis sets the base level EAV for the TIF district and taxes on this base level are distributed to the taxing bodies for the duration of the TIF district designation. The increase in the …

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12 Reasons a SLAT Makes Sense

WEB12 Reasons a SLAT Makes Sense. 1. The phrase “spousal lifetime access” reflects the chief advantage of a SLAT: The beneficiary spouse can receive distributions from a …

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Protect Yourself With Change-of-Control Agreements

WEBThird, the entire change-of-control compensation package must equal or exceed the disqualified individual’s base salary by a factor of three. If these three conditions are …

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Employee Benefits Conference

WEBBecoming a Leader in the Accounting Profession. Performing Employee Benefit Plans Audits. All program information is subject to change. I acknowledge that my in-person …

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The Psychology of Fraud

WEBThe Psychology of Fraud. A renewed focus on criminal profiling has put white-collar crime squarely in a limelight most perpetrators do their best to avoid. By Kristine Blenkhorn …

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EMPLOYEE RETENTION CREDIT

WEB© 2020 RSM US LLP. All Rights Reserved. Agenda •Policy and Legislation −Families First Act −CARES Act 2

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RECORDS RETENTION GUIDELINES

WEBRECORDS RETENTION GUIDELINES *7 Years Following Disposition,Termination, or Pay Off Please note that this table should only be used as a guide. You should consult with …

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The Seven Attributes of an Excellent Estate Executor

WEBExercising good judgment when it comes to prioritizing claims and working to preserve the assets of the estate should be a priority for the executor. #4 Relative youth and good …

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