Employer Penalized $1.8 Million for COBRA violation
•
1 like•161 views
Glitches in an automated data feed between an employer and its COBRA administrators affected more than 700 employees. A district court recently assessed the damages: more than $1.8 million plus attorney fees. Review what went wrong.
Report
Share
Report
Share
Download to read offline
Recommended
Employer Penalized $1.8 Million
Glitches in an automated data feed between an employer and its COBRA administrators affected more than 700 employees. Review this infographic to see how to avoid mistakes like this one!
Assessment 2 - Case StudyThe following situations have occurred .docx
Assessment 2 - Case Study
The following situations have occurred during the year at your audit client, Electric Blue Ltd, a large chemical company:
(a)
A clerk entered the wrong account number for a customer while entering the sales transactions for the day on the computer. As a result, that customer's purchases were entered on the account of another customer, who was very annoyed when he received a bill for goods he had not ordered or received.
(b)
A keypunch operator incorrectly entered a customer payment as $575.00 instead of $5 750.00
(c)
During a demonstration against Electric Blue Ltd's environmental record, several people forced their way into the company's computer centre, which was on the main level of the office building. The protestors smashed the computer equipment and damaged other office equipment. As a result the company's computer system was inoperable for several days.
(d)
A computer operator on the night shift knew more about the company's computer system than anyone else. During a period of several months, she accessed the master payroll program, which was stored online, and increased her tax withholding so that she would get a large refund when she filed her tax return.
Required
Identify a control policy or procedure that would have prevented or detected each of the situations above.
* Learners and assessor should refer to the assessment evidence checklist & record as below:
Assessment Task 2 Assessment Evidence Checklist & Record
Learner’s ID: ______________________
Learner’s Name: ___________________________________
Performance & Knowledge Evidence
C/NYC
Comments
Review corporate governance requirements and implement effective operating procedures
Monitor policy and relevant financial legislation.
Discuss ethical considerations and confidentiality for management and handling of files and records
Identify and explain the key features of financial legislation relating to taxable transactions and reporting requirements
Explain a range of methods of work practices and routines relevant to internal control procedures
Describe the key requirements of organisational policy and procedures relating to:
· Corporate governance
· Financial delegations and accountabilities
Identify and explain the key principles of internal control and auditing.
Comments:
Signed by Learner:
Date:
Signed by Assessor:
Date:
Assignment 1: Research in Ethical and Corporate Governance Requirements
Students need to conduct a desk research and answer the following questions in a 2,000-word research report. Students must include legislation requirement and relevant examples.
Required:
Discuss the following;
a. How is good corporate governance achieved and how does it assist with the framework of rules, relationships, systems and processes within an organisation?
b. Explore the corporate governance requirements, organisational policy, and financial delegations and accountabilities
c. Discuss ethical considerations and conf.
Tax Issues in App Development
In this section of "Rise of the Machines: Avoiding the Legal Pitfalls of App Development" Roger Royse, founder of the Royse Law Firm, discusses:
1. Misclassification: Independent Contractor vs. Employee
2. Managing Risk: What Are the Direct & Indirect Costs
3. Strategies for Avoiding Misclassification
4. Reporting
An information management update for in house counsel
This document provides an information management update for in-house counsel. It summarizes recent developments in several areas: privilege issues and recent case law developments around when communications are protected; data security, privacy breaches, and the rise of privacy class actions; assessing threats and violence prevention as an information management issue; and managing medical information with clear roles and consent processes. It also discusses challenges around personal use of work systems and accessing business information.
Bill Coole Resume Ver C
Bill Coole is a CPA with over 40 years of experience in financial and operational roles. He has held CFO and Controller positions for companies in various industries. Coole is skilled in improving profitability through cost cutting, increasing cash flow and negotiating financing. He has a track record of taking over troubled financial situations and implementing processes and systems to streamline operations.
October2016
This document discusses cybersecurity risks for small businesses and upcoming changes to US overtime pay rules. It reports that cyber fraud costs are estimated to reach $2 trillion by 2019, and that 1 in 4 small businesses were attacked in the last year, with average losses of $4,400. However, many small businesses incorrectly believe their bank will reimburse losses or don't know who would be responsible. Additionally, new US Department of Labor overtime rules taking effect in December 2016 will double the minimum salary threshold for exempt "white collar" employees from $23,600 to $47,476 per year. Employers should review their payroll practices to ensure compliance with the new rules.
[ON-DEMAND WEBINAR] Manufacturing Education Day 2020 Addresses PPP Loans, R&D...
Whether you manufacture pallets, you pivoted from your core product to produce PPE, or maybe you are a retailer who is looking for some great insight from industry experts or you have accounting or finance questions related to your construction business or any manner of business in between, we would be glad to have you join us.
The topics we will cover are not only relevant and timely, but they are also sure to reveal growth opportunities in your business. This special presentation features insight into the PPP Loan and Paycheck Protection Program Loan Forgiveness process, CARES Act implication, R&D opportunities, Human Resources compliance risks, and insight from leading professionals in the manufacturing and professional services space.
Specifically, we will discuss:
- Where we stand now and the future of manufacturing
- Risks in Manufacturing
- Cybersecurity Concerns and Issues
- State and Local Tax Risks
- HR Policies For Your Organization
This informative event will be hosted and moderated by Dustin Raber, director of manufacturing and distributions services at Rea & Associates.
BCC Case Study on Compliance
This document provides an actual Case Study highlighting the benefits of the BCC Group's Compliance and Recuperation Services.
Recommended
Employer Penalized $1.8 Million
Glitches in an automated data feed between an employer and its COBRA administrators affected more than 700 employees. Review this infographic to see how to avoid mistakes like this one!
Assessment 2 - Case StudyThe following situations have occurred .docx
Assessment 2 - Case Study
The following situations have occurred during the year at your audit client, Electric Blue Ltd, a large chemical company:
(a)
A clerk entered the wrong account number for a customer while entering the sales transactions for the day on the computer. As a result, that customer's purchases were entered on the account of another customer, who was very annoyed when he received a bill for goods he had not ordered or received.
(b)
A keypunch operator incorrectly entered a customer payment as $575.00 instead of $5 750.00
(c)
During a demonstration against Electric Blue Ltd's environmental record, several people forced their way into the company's computer centre, which was on the main level of the office building. The protestors smashed the computer equipment and damaged other office equipment. As a result the company's computer system was inoperable for several days.
(d)
A computer operator on the night shift knew more about the company's computer system than anyone else. During a period of several months, she accessed the master payroll program, which was stored online, and increased her tax withholding so that she would get a large refund when she filed her tax return.
Required
Identify a control policy or procedure that would have prevented or detected each of the situations above.
* Learners and assessor should refer to the assessment evidence checklist & record as below:
Assessment Task 2 Assessment Evidence Checklist & Record
Learner’s ID: ______________________
Learner’s Name: ___________________________________
Performance & Knowledge Evidence
C/NYC
Comments
Review corporate governance requirements and implement effective operating procedures
Monitor policy and relevant financial legislation.
Discuss ethical considerations and confidentiality for management and handling of files and records
Identify and explain the key features of financial legislation relating to taxable transactions and reporting requirements
Explain a range of methods of work practices and routines relevant to internal control procedures
Describe the key requirements of organisational policy and procedures relating to:
· Corporate governance
· Financial delegations and accountabilities
Identify and explain the key principles of internal control and auditing.
Comments:
Signed by Learner:
Date:
Signed by Assessor:
Date:
Assignment 1: Research in Ethical and Corporate Governance Requirements
Students need to conduct a desk research and answer the following questions in a 2,000-word research report. Students must include legislation requirement and relevant examples.
Required:
Discuss the following;
a. How is good corporate governance achieved and how does it assist with the framework of rules, relationships, systems and processes within an organisation?
b. Explore the corporate governance requirements, organisational policy, and financial delegations and accountabilities
c. Discuss ethical considerations and conf.
Tax Issues in App Development
In this section of "Rise of the Machines: Avoiding the Legal Pitfalls of App Development" Roger Royse, founder of the Royse Law Firm, discusses:
1. Misclassification: Independent Contractor vs. Employee
2. Managing Risk: What Are the Direct & Indirect Costs
3. Strategies for Avoiding Misclassification
4. Reporting
An information management update for in house counsel
This document provides an information management update for in-house counsel. It summarizes recent developments in several areas: privilege issues and recent case law developments around when communications are protected; data security, privacy breaches, and the rise of privacy class actions; assessing threats and violence prevention as an information management issue; and managing medical information with clear roles and consent processes. It also discusses challenges around personal use of work systems and accessing business information.
Bill Coole Resume Ver C
Bill Coole is a CPA with over 40 years of experience in financial and operational roles. He has held CFO and Controller positions for companies in various industries. Coole is skilled in improving profitability through cost cutting, increasing cash flow and negotiating financing. He has a track record of taking over troubled financial situations and implementing processes and systems to streamline operations.
October2016
This document discusses cybersecurity risks for small businesses and upcoming changes to US overtime pay rules. It reports that cyber fraud costs are estimated to reach $2 trillion by 2019, and that 1 in 4 small businesses were attacked in the last year, with average losses of $4,400. However, many small businesses incorrectly believe their bank will reimburse losses or don't know who would be responsible. Additionally, new US Department of Labor overtime rules taking effect in December 2016 will double the minimum salary threshold for exempt "white collar" employees from $23,600 to $47,476 per year. Employers should review their payroll practices to ensure compliance with the new rules.
[ON-DEMAND WEBINAR] Manufacturing Education Day 2020 Addresses PPP Loans, R&D...
Whether you manufacture pallets, you pivoted from your core product to produce PPE, or maybe you are a retailer who is looking for some great insight from industry experts or you have accounting or finance questions related to your construction business or any manner of business in between, we would be glad to have you join us.
The topics we will cover are not only relevant and timely, but they are also sure to reveal growth opportunities in your business. This special presentation features insight into the PPP Loan and Paycheck Protection Program Loan Forgiveness process, CARES Act implication, R&D opportunities, Human Resources compliance risks, and insight from leading professionals in the manufacturing and professional services space.
Specifically, we will discuss:
- Where we stand now and the future of manufacturing
- Risks in Manufacturing
- Cybersecurity Concerns and Issues
- State and Local Tax Risks
- HR Policies For Your Organization
This informative event will be hosted and moderated by Dustin Raber, director of manufacturing and distributions services at Rea & Associates.
BCC Case Study on Compliance
This document provides an actual Case Study highlighting the benefits of the BCC Group's Compliance and Recuperation Services.
Chapter 12 Duties as a WhistleblowerWhistleblowerA whis.docx
Chapter 12: Duties as a Whistleblower
Whistleblower
A whistleblower is an employee or former employee who reports misconduct to people or entities that have the power and presumed willingness to take corrective action.
Whistleblowers can be internal or external.
Whistleblower Motivations
Whistleblower motivations include:
Revenge
Reputation Preservation
Altruism
Collecting financial rewards
Fasle Claims Act
Whistleblower (cont)
Whistleblower-
One of the most well known whistleblowers is Jeffrey Wigand, who exposed the Big Tobacco scandal, revealing that executives of the companies knew that cigarettes were addictive while approving the addition of known carcinogenic ingredients to the cigarettes.
http://www.imdb.com/title/tt0140352/trailers-screenplay-E11632-10-2
Think Russell Crowe in the movie The Insider.
More recent whistleblowers include…..
Whistleblower (cont)
Cynthia Cooper (Worldcom), Coleen Rowley (FBI), and Sherron Watkins (Enron)
“their lives may not have been at stake, but Watkins, Rowley and Cooper put pretty much everything else on the line. Their jobs, their health, their privacy, their sanity--they risked all of them to bring us badly needed word of trouble inside crucial institutions”
Whistleblower Programs
FeatureIRSDodd-Frank ActFocusTax violationsFederal securities laws violations, including bribery, fraudulent accounting, and insider tradingSubmitted information Secret information or publicly available information Only “original”, nonpublic information Minimum threshold for recoveryOver $2 million Over $1 million Typical range of award15% to 30% of IRS Recovery15% to 30% of SEC RecoveryAnonymity protected? Yes, usuallyYesProtection against workplace retaliation?No Yes
Whistleblower Laws
Section 806 of SOX
Only applies to publicly traded companies
File a complaint with the Department of Labor (DOL)
If DOL hasn’t ruled on it within 180 days, it goes to federal court or a civil suit may be filed
Remedies of employee include relief “to make the employee whole”, compensatory damages (same job back, back pay, special damages as result of action)
Whistleblower Laws (cont)
Do Whistleblower laws (specifically SOX section 806 provisions) work?
whistle-blowers still face a painful cost-benefit decision: whether a lawsuit with uncertain chances of success is worth the professional and personal sacrifices that will assuredly be required
Many employees have to change industries after filing suit, whether the case has merit or not
A study that looked at 470 cases filed between 2002-2005, the whistleblower won only 3.6% of the time.
Whistleblower Laws (cont)
What can/should employers do?
Have an independently-operated whistleblower complaint system. If the system is operated by personnel skilled in the underlying accounting, auditing, and internal control issues, proper information will be immediately collected, so that investigations are cost-effective and complete.
Must be overseen by audit com ...
ch10.pptx
The document discusses accounting principles related to plant assets, natural resources, and intangible assets. It covers several topics:
- Plant assets include physical resources used in business operations that are not for sale and have a useful life of multiple years.
- The cost of plant assets includes all expenditures to acquire and prepare the asset for use, such as purchase price, taxes, installation costs.
- Depreciation is the process of allocating the cost of a plant asset over its useful life. Straight-line, units-of-activity, and declining balance are common depreciation methods.
- Factors that determine depreciation expense are cost, salvage value, and useful life estimates. Deprec
AAP presentation 2010 trends
Enforcement trends of the OFCCP and how to build a recruiting program to stand up to the more common audit traps.
ch08-200529002038.pptx
1) The document discusses fraud, internal controls, and cash controls. It defines fraud and internal controls, and outlines principles of internal controls such as segregation of duties, documentation procedures, and physical controls.
2) Several examples are given of fraud that occurred due to missing internal controls, such as lack of segregation of duties allowing an employee to alter invoices.
3) Maintaining effective internal controls over cash is important for preventing fraud, and controls should establish responsibility, segregate duties, and include independent verification of cash accounts.
It May Be Time for Another 401(k) Fee Review
The costs associated with administering an employer-sponsored 401(k) plan have always been an issue that requires great care. Employers may soon find this task a little easier, thanks to some recent court rulings. The focus of the various courts has not been on the actual amount of fees charged, but on the objectivity of the process for determining those fees.
5 Ways To Overcome Compliance Challenges In Financial Services
This document discusses ways for financial services companies to overcome compliance challenges. It recommends using a learning management system to: 1) keep employee training records up-to-date to prove due diligence during regulatory audits; 2) manage third-party risk by tracking supplier training; and 3) maintain regular cybersecurity certification of employees to prevent data breaches and resulting costly fines. Maintaining accurate training records through an LMS can help reduce personal liability for compliance failures.
Vendor Management & AP Audit Report - Data Mining & Analytics
This audit report summarizes the findings of an audit of Semi-Elite Properties' vendor management and accounts payable processes between 2014-2016. Several issues with existing controls were identified, including payments made before orders/invoices, employees approving amounts over authorization limits, and a small number of payments made to addresses not on the vendor master file, including similar payments to vendors. The report recommends implementing automated system controls to address weaknesses and investigating suspicious payments.
Get Paid Faster: Everything Your Law Firm Needs to Know About Automated Billi...
Get Paid Faster: Everything Your Law Firm Needs to Know About Automated Billi...Clio - Cloud-Based Legal Technology
Did you know that firms using online payment solutions saw up to 6% year-over-year revenue growth in 2020 and collected nearly 40% more revenue per lawyer, according to the 2021 Legal Trends Report?
Offering the option to pay online makes it easy for your clients to pay—and that enables your firm to collect more revenue each month with less effort.
The best part is, securely automating billing and collections at your law firm is much simpler than you think—it’s all about choosing the right tools and having a proper system in place.
Join Joshua Lenon, Lawyer in Residence at Clio, to find out how you can leverage legal technology to maintain cash flow and improve revenue at your firm.
In this free webinar, you’ll learn:
- The benefits of offering online payment options and more ways to pay at your law firm
- How to comply with your ethical obligations and IOLTA trust accounting requirements
- Steps for creating an automated billing and payment process at your firmMisclassification: 1099 Contractor or Employee
This document discusses the issue of worker misclassification and outlines tests used to determine whether a worker is an employee or independent contractor. It notes that misclassification can result in fines and penalties for employers and denial of benefits and protections for employees. The IRS 20-factor test and economic realities test are described as ways to assess control and economic dependence to determine worker status.
1.1. INTERNATIONAL FINANCIAL REPORTING STANDARD - INTRODUCTION.pptx
The document discusses the development of GAAP and IFRS accounting standards. It provides background on accounting scandals in the late 1990s and early 2000s that highlighted the need for universal standards. As a result, IFRS were established to facilitate comparability and transparency across international markets. Over 100 countries now require the use of IFRS for public companies. The standards continue to converge and be adopted globally.
Publication Proactive Portection Against Wage Hour Audits[1]
The U.S. Department of Labor (DOL) recently launched its first iPhone application to help employees independently track work hours and calculate owed wages. This new app increases the burden of proof for employers to demonstrate accurate time tracking and wage compensation in accordance with the Fair Labor Standards Act (FLSA). The DOL has also increased enforcement efforts through more investigators and a new "Plan/Prevent/Protect" strategy requiring employers to proactively find and remedy violations.
Publication Proactive Portection Against Wage Hour Audits[1]
The U.S. Department of Labor (DOL) recently launched its first iPhone application to help employees independently track work hours and calculate owed wages. This new app increases the burden of proof for employers to demonstrate accurate time tracking and compensation in accordance with the Fair Labor Standards Act (FLSA). The DOL is stepping up enforcement of wage and hour laws through increased investigations and a new strategy requiring employers to proactively find and fix violations.
Examination paper of production & operation management (2)
CASE STUDY ANSWERS
ASSIGNMENT SOLUTIONS
PROJECT REPORTS AND THESIS
ISBM / IIBMS / IIBM / ISMS / KSBM / NIPM
SMU / SYMBIOSIS / XAVIER / NIRM / PSBM / NSBM / ISM / IGNOU / IICT / ISBS / LPU / ISM&RC/ LPU / NMIMS / ISBS / MANIPAL
MBA - EMBA - BMS - GDM - MIS - MIB
DMS - DBM - PGDM - DBM – DBA - PGDBM
www.mbacasestudyanswers.com
www.casestudysolution.in
www.casestudies.co.in
aravind.banakar@gmail.com
ARAVIND
09901366442 - 09902787224
Examination paper of production & operation management
CASE STUDY ANSWERS
ASSIGNMENT SOLUTIONS
PROJECT REPORTS AND THESIS
ISBM / IIBMS / IIBM / ISMS / KSBM / NIPM
SMU / SYMBIOSIS / XAVIER / NIRM / PSBM / NSBM / ISM / IGNOU / IICT / ISBS / LPU / ISM&RC/ LPU / NMIMS / ISBS / MANIPAL
MBA - EMBA - BMS - GDM - MIS - MIB
DMS - DBM - PGDM - DBM – DBA - PGDBM
www.mbacasestudyanswers.com
www.casestudysolution.in
www.casestudies.co.in
aravind.banakar@gmail.com
ARAVIND
09901366442 - 09902787224
Examination paper of production & operation management (1)
CASE STUDY ANSWERS
ASSIGNMENT SOLUTIONS
PROJECT REPORTS AND THESIS
ISBM / IIBMS / IIBM / ISMS / KSBM / NIPM
SMU / SYMBIOSIS / XAVIER / NIRM / PSBM / NSBM / ISM / IGNOU / IICT / ISBS / LPU / ISM&RC/ LPU / NMIMS / ISBS / MANIPAL
MBA - EMBA - BMS - GDM - MIS - MIB
DMS - DBM - PGDM - DBM – DBA - PGDBM
www.mbacasestudyanswers.com
www.casestudysolution.in
www.casestudies.co.in
aravind.banakar@gmail.com
ARAVIND
09901366442 - 09902787224
Examination paper total quality management & quality control .
CASE STUDY ANSWERS
ASSIGNMENT SOLUTIONS
PROJECT REPORTS AND THESIS
ISBM / IIBMS / IIBM / ISMS / KSBM / NIPM
SMU / SYMBIOSIS / XAVIER / NIRM / PSBM / NSBM / ISM / IGNOU / IICT / ISBS / LPU / ISM&RC/ LPU / NMIMS / ISBS / MANIPAL
MBA - EMBA - BMS - GDM - MIS - MIB
DMS - DBM - PGDM - DBM – DBA - PGDBM
www.mbacasestudyanswers.com
www.casestudysolution.in
www.casestudies.co.in
aravind.banakar@gmail.com
ARAVIND
09901366442 - 09902787224
Tips to Survive a COBRA Audit
There's nothing like the fear of a COBRA audit. As a result of revised IRS audit guidelines, audits have increased along with penalties. Be prepared with these items for your COBRA audit.
Hr Connects Why Outsource Hr
HRConnects provides outsourced human resources services to small businesses. The document lists numerous statistics that demonstrate the high costs businesses incur from employment lawsuits, wage and hour violations, and other human resource issues. It then describes two examples where a software company had to pay employees back wages and fines for misclassifying employees and not paying overtime on time. The document suggests outsourcing HR can help businesses avoid these types of costly problems and comply with employment laws and regulations. It concludes by inviting the reader to contact HRConnects for more information on outsourcing their human resources needs.
HRConnects Why Outsource Hr
HRConnects provides outsourced human resources services to small businesses. The document lists numerous statistics that illustrate the high costs businesses can face for noncompliance with employment laws, including back wages, fines, attorneys' fees, and damages from lawsuits. It notes that many small businesses have incorrectly classified employees as exempt from overtime laws. Outsourcing HR services to a company like HRConnects can help businesses avoid these risks and ensure compliance with complex employment regulations.
Acc 410 entire course material auditing
This document provides an overview of course materials for ACC 410 Entire Course Material- Auditing. It includes descriptions and questions related to various auditing topics, such as internal vs external audits, audit reports, generally accepted auditing standards, analytical procedures, internal controls, legal and ethics cases, and audit planning and reporting. Students are asked to evaluate statements, complete problems, discuss topics, and respond to other students' posts on many of these auditing issues. The course appears to provide a comprehensive overview of auditing practices and standards.
How One Scenario Proves That HR Isn't Dead
In a world that is increasingly dependent on electronics, one might wonder if the traditional human resources department is really necessary.
The answer? The traditional human resources department has no place in this ever evolving world of modern communication, flexible schedules, and diverse employees. However, a contemporary human capital management system is more than welcome in our present-day workforce.
4 Things to Consider When Choosing a Payroll Provider
Bookkeeping can be one of the most tedious tasks of running a business. Outsourcing payroll will help to alleviate some of your burdens as a business owner and leave you with some more time to focus on other aspects of your business.
More Related Content
Similar to Employer Penalized $1.8 Million for COBRA violation
Chapter 12 Duties as a WhistleblowerWhistleblowerA whis.docx
Chapter 12: Duties as a Whistleblower
Whistleblower
A whistleblower is an employee or former employee who reports misconduct to people or entities that have the power and presumed willingness to take corrective action.
Whistleblowers can be internal or external.
Whistleblower Motivations
Whistleblower motivations include:
Revenge
Reputation Preservation
Altruism
Collecting financial rewards
Fasle Claims Act
Whistleblower (cont)
Whistleblower-
One of the most well known whistleblowers is Jeffrey Wigand, who exposed the Big Tobacco scandal, revealing that executives of the companies knew that cigarettes were addictive while approving the addition of known carcinogenic ingredients to the cigarettes.
http://www.imdb.com/title/tt0140352/trailers-screenplay-E11632-10-2
Think Russell Crowe in the movie The Insider.
More recent whistleblowers include…..
Whistleblower (cont)
Cynthia Cooper (Worldcom), Coleen Rowley (FBI), and Sherron Watkins (Enron)
“their lives may not have been at stake, but Watkins, Rowley and Cooper put pretty much everything else on the line. Their jobs, their health, their privacy, their sanity--they risked all of them to bring us badly needed word of trouble inside crucial institutions”
Whistleblower Programs
FeatureIRSDodd-Frank ActFocusTax violationsFederal securities laws violations, including bribery, fraudulent accounting, and insider tradingSubmitted information Secret information or publicly available information Only “original”, nonpublic information Minimum threshold for recoveryOver $2 million Over $1 million Typical range of award15% to 30% of IRS Recovery15% to 30% of SEC RecoveryAnonymity protected? Yes, usuallyYesProtection against workplace retaliation?No Yes
Whistleblower Laws
Section 806 of SOX
Only applies to publicly traded companies
File a complaint with the Department of Labor (DOL)
If DOL hasn’t ruled on it within 180 days, it goes to federal court or a civil suit may be filed
Remedies of employee include relief “to make the employee whole”, compensatory damages (same job back, back pay, special damages as result of action)
Whistleblower Laws (cont)
Do Whistleblower laws (specifically SOX section 806 provisions) work?
whistle-blowers still face a painful cost-benefit decision: whether a lawsuit with uncertain chances of success is worth the professional and personal sacrifices that will assuredly be required
Many employees have to change industries after filing suit, whether the case has merit or not
A study that looked at 470 cases filed between 2002-2005, the whistleblower won only 3.6% of the time.
Whistleblower Laws (cont)
What can/should employers do?
Have an independently-operated whistleblower complaint system. If the system is operated by personnel skilled in the underlying accounting, auditing, and internal control issues, proper information will be immediately collected, so that investigations are cost-effective and complete.
Must be overseen by audit com ...
ch10.pptx
The document discusses accounting principles related to plant assets, natural resources, and intangible assets. It covers several topics:
- Plant assets include physical resources used in business operations that are not for sale and have a useful life of multiple years.
- The cost of plant assets includes all expenditures to acquire and prepare the asset for use, such as purchase price, taxes, installation costs.
- Depreciation is the process of allocating the cost of a plant asset over its useful life. Straight-line, units-of-activity, and declining balance are common depreciation methods.
- Factors that determine depreciation expense are cost, salvage value, and useful life estimates. Deprec
AAP presentation 2010 trends
Enforcement trends of the OFCCP and how to build a recruiting program to stand up to the more common audit traps.
ch08-200529002038.pptx
1) The document discusses fraud, internal controls, and cash controls. It defines fraud and internal controls, and outlines principles of internal controls such as segregation of duties, documentation procedures, and physical controls.
2) Several examples are given of fraud that occurred due to missing internal controls, such as lack of segregation of duties allowing an employee to alter invoices.
3) Maintaining effective internal controls over cash is important for preventing fraud, and controls should establish responsibility, segregate duties, and include independent verification of cash accounts.
It May Be Time for Another 401(k) Fee Review
The costs associated with administering an employer-sponsored 401(k) plan have always been an issue that requires great care. Employers may soon find this task a little easier, thanks to some recent court rulings. The focus of the various courts has not been on the actual amount of fees charged, but on the objectivity of the process for determining those fees.
5 Ways To Overcome Compliance Challenges In Financial Services
This document discusses ways for financial services companies to overcome compliance challenges. It recommends using a learning management system to: 1) keep employee training records up-to-date to prove due diligence during regulatory audits; 2) manage third-party risk by tracking supplier training; and 3) maintain regular cybersecurity certification of employees to prevent data breaches and resulting costly fines. Maintaining accurate training records through an LMS can help reduce personal liability for compliance failures.
Vendor Management & AP Audit Report - Data Mining & Analytics
This audit report summarizes the findings of an audit of Semi-Elite Properties' vendor management and accounts payable processes between 2014-2016. Several issues with existing controls were identified, including payments made before orders/invoices, employees approving amounts over authorization limits, and a small number of payments made to addresses not on the vendor master file, including similar payments to vendors. The report recommends implementing automated system controls to address weaknesses and investigating suspicious payments.
Get Paid Faster: Everything Your Law Firm Needs to Know About Automated Billi...
Get Paid Faster: Everything Your Law Firm Needs to Know About Automated Billi...Clio - Cloud-Based Legal Technology
Did you know that firms using online payment solutions saw up to 6% year-over-year revenue growth in 2020 and collected nearly 40% more revenue per lawyer, according to the 2021 Legal Trends Report?
Offering the option to pay online makes it easy for your clients to pay—and that enables your firm to collect more revenue each month with less effort.
The best part is, securely automating billing and collections at your law firm is much simpler than you think—it’s all about choosing the right tools and having a proper system in place.
Join Joshua Lenon, Lawyer in Residence at Clio, to find out how you can leverage legal technology to maintain cash flow and improve revenue at your firm.
In this free webinar, you’ll learn:
- The benefits of offering online payment options and more ways to pay at your law firm
- How to comply with your ethical obligations and IOLTA trust accounting requirements
- Steps for creating an automated billing and payment process at your firmMisclassification: 1099 Contractor or Employee
This document discusses the issue of worker misclassification and outlines tests used to determine whether a worker is an employee or independent contractor. It notes that misclassification can result in fines and penalties for employers and denial of benefits and protections for employees. The IRS 20-factor test and economic realities test are described as ways to assess control and economic dependence to determine worker status.
1.1. INTERNATIONAL FINANCIAL REPORTING STANDARD - INTRODUCTION.pptx
The document discusses the development of GAAP and IFRS accounting standards. It provides background on accounting scandals in the late 1990s and early 2000s that highlighted the need for universal standards. As a result, IFRS were established to facilitate comparability and transparency across international markets. Over 100 countries now require the use of IFRS for public companies. The standards continue to converge and be adopted globally.
Publication Proactive Portection Against Wage Hour Audits[1]
The U.S. Department of Labor (DOL) recently launched its first iPhone application to help employees independently track work hours and calculate owed wages. This new app increases the burden of proof for employers to demonstrate accurate time tracking and wage compensation in accordance with the Fair Labor Standards Act (FLSA). The DOL has also increased enforcement efforts through more investigators and a new "Plan/Prevent/Protect" strategy requiring employers to proactively find and remedy violations.
Publication Proactive Portection Against Wage Hour Audits[1]
The U.S. Department of Labor (DOL) recently launched its first iPhone application to help employees independently track work hours and calculate owed wages. This new app increases the burden of proof for employers to demonstrate accurate time tracking and compensation in accordance with the Fair Labor Standards Act (FLSA). The DOL is stepping up enforcement of wage and hour laws through increased investigations and a new strategy requiring employers to proactively find and fix violations.
Examination paper of production & operation management (2)
CASE STUDY ANSWERS
ASSIGNMENT SOLUTIONS
PROJECT REPORTS AND THESIS
ISBM / IIBMS / IIBM / ISMS / KSBM / NIPM
SMU / SYMBIOSIS / XAVIER / NIRM / PSBM / NSBM / ISM / IGNOU / IICT / ISBS / LPU / ISM&RC/ LPU / NMIMS / ISBS / MANIPAL
MBA - EMBA - BMS - GDM - MIS - MIB
DMS - DBM - PGDM - DBM – DBA - PGDBM
www.mbacasestudyanswers.com
www.casestudysolution.in
www.casestudies.co.in
aravind.banakar@gmail.com
ARAVIND
09901366442 - 09902787224
Examination paper of production & operation management
CASE STUDY ANSWERS
ASSIGNMENT SOLUTIONS
PROJECT REPORTS AND THESIS
ISBM / IIBMS / IIBM / ISMS / KSBM / NIPM
SMU / SYMBIOSIS / XAVIER / NIRM / PSBM / NSBM / ISM / IGNOU / IICT / ISBS / LPU / ISM&RC/ LPU / NMIMS / ISBS / MANIPAL
MBA - EMBA - BMS - GDM - MIS - MIB
DMS - DBM - PGDM - DBM – DBA - PGDBM
www.mbacasestudyanswers.com
www.casestudysolution.in
www.casestudies.co.in
aravind.banakar@gmail.com
ARAVIND
09901366442 - 09902787224
Examination paper of production & operation management (1)
CASE STUDY ANSWERS
ASSIGNMENT SOLUTIONS
PROJECT REPORTS AND THESIS
ISBM / IIBMS / IIBM / ISMS / KSBM / NIPM
SMU / SYMBIOSIS / XAVIER / NIRM / PSBM / NSBM / ISM / IGNOU / IICT / ISBS / LPU / ISM&RC/ LPU / NMIMS / ISBS / MANIPAL
MBA - EMBA - BMS - GDM - MIS - MIB
DMS - DBM - PGDM - DBM – DBA - PGDBM
www.mbacasestudyanswers.com
www.casestudysolution.in
www.casestudies.co.in
aravind.banakar@gmail.com
ARAVIND
09901366442 - 09902787224
Examination paper total quality management & quality control .
CASE STUDY ANSWERS
ASSIGNMENT SOLUTIONS
PROJECT REPORTS AND THESIS
ISBM / IIBMS / IIBM / ISMS / KSBM / NIPM
SMU / SYMBIOSIS / XAVIER / NIRM / PSBM / NSBM / ISM / IGNOU / IICT / ISBS / LPU / ISM&RC/ LPU / NMIMS / ISBS / MANIPAL
MBA - EMBA - BMS - GDM - MIS - MIB
DMS - DBM - PGDM - DBM – DBA - PGDBM
www.mbacasestudyanswers.com
www.casestudysolution.in
www.casestudies.co.in
aravind.banakar@gmail.com
ARAVIND
09901366442 - 09902787224
Tips to Survive a COBRA Audit
There's nothing like the fear of a COBRA audit. As a result of revised IRS audit guidelines, audits have increased along with penalties. Be prepared with these items for your COBRA audit.
Hr Connects Why Outsource Hr
HRConnects provides outsourced human resources services to small businesses. The document lists numerous statistics that demonstrate the high costs businesses incur from employment lawsuits, wage and hour violations, and other human resource issues. It then describes two examples where a software company had to pay employees back wages and fines for misclassifying employees and not paying overtime on time. The document suggests outsourcing HR can help businesses avoid these types of costly problems and comply with employment laws and regulations. It concludes by inviting the reader to contact HRConnects for more information on outsourcing their human resources needs.
HRConnects Why Outsource Hr
HRConnects provides outsourced human resources services to small businesses. The document lists numerous statistics that illustrate the high costs businesses can face for noncompliance with employment laws, including back wages, fines, attorneys' fees, and damages from lawsuits. It notes that many small businesses have incorrectly classified employees as exempt from overtime laws. Outsourcing HR services to a company like HRConnects can help businesses avoid these risks and ensure compliance with complex employment regulations.
Acc 410 entire course material auditing
This document provides an overview of course materials for ACC 410 Entire Course Material- Auditing. It includes descriptions and questions related to various auditing topics, such as internal vs external audits, audit reports, generally accepted auditing standards, analytical procedures, internal controls, legal and ethics cases, and audit planning and reporting. Students are asked to evaluate statements, complete problems, discuss topics, and respond to other students' posts on many of these auditing issues. The course appears to provide a comprehensive overview of auditing practices and standards.
Similar to Employer Penalized $1.8 Million for COBRA violation (20)
Chapter 12 Duties as a WhistleblowerWhistleblowerA whis.docx
Chapter 12 Duties as a WhistleblowerWhistleblowerA whis.docx
5 Ways To Overcome Compliance Challenges In Financial Services
5 Ways To Overcome Compliance Challenges In Financial Services
Vendor Management & AP Audit Report - Data Mining & Analytics
Vendor Management & AP Audit Report - Data Mining & Analytics
Get Paid Faster: Everything Your Law Firm Needs to Know About Automated Billi...
Get Paid Faster: Everything Your Law Firm Needs to Know About Automated Billi...
1.1. INTERNATIONAL FINANCIAL REPORTING STANDARD - INTRODUCTION.pptx
1.1. INTERNATIONAL FINANCIAL REPORTING STANDARD - INTRODUCTION.pptx
Publication Proactive Portection Against Wage Hour Audits[1]
Publication Proactive Portection Against Wage Hour Audits[1]
Publication Proactive Portection Against Wage Hour Audits[1]
Publication Proactive Portection Against Wage Hour Audits[1]
Examination paper of production & operation management (2)
Examination paper of production & operation management (2)
Examination paper of production & operation management
Examination paper of production & operation management
Examination paper of production & operation management (1)
Examination paper of production & operation management (1)
Examination paper total quality management & quality control .
Examination paper total quality management & quality control .
More from Infinisource
How One Scenario Proves That HR Isn't Dead
In a world that is increasingly dependent on electronics, one might wonder if the traditional human resources department is really necessary.
The answer? The traditional human resources department has no place in this ever evolving world of modern communication, flexible schedules, and diverse employees. However, a contemporary human capital management system is more than welcome in our present-day workforce.
4 Things to Consider When Choosing a Payroll Provider
Bookkeeping can be one of the most tedious tasks of running a business. Outsourcing payroll will help to alleviate some of your burdens as a business owner and leave you with some more time to focus on other aspects of your business.
Marketplace Open Enrollment
Open enrollment in the Health Insurance Marketplace occurs annually and allows individuals to purchase a plan and receive subsidies based on income, if eligible. The upcoming open enrollment period runs from November 15, 2014 to February 15, 2015. Individuals can also enroll outside of open enrollment due to qualifying life events like marriage, birth of a child, or loss of other health insurance. Employees may revoke their employer-provided health insurance in two new situations - reducing work hours to part-time status or enrolling in a Marketplace plan during the open enrollment period - and enroll in another plan.
6 Open Enrollment Items
This document discusses several notices and disclosures that employers must provide to employees under the Affordable Care Act (ACA) and other regulations. It covers the requirement to provide a Summary of Benefits and Coverage to all applicants and enrollees. It also discusses requirements for grandfathered plans, notices of patient protection rights, Medicare Part D creditable coverage notices, COBRA qualified beneficiary communications including open enrollment notifications, and challenges with health flexible spending accounts during open enrollment.
DOL Illegal Tip Tool Investigation
A restaurant in Texas is to pay $800,000 in minimum wage back wages and liquidated damages to current and former wait staff, stemming from a DOL illegal tip pool investigation.
Bay Area Commuting
Working together, the Bay Area Air Quality Management District and the Metropolitan Transportation Commission approved a regional commute benefits ordinance which became effective on March 25, 2014.
$4.8m HIPAA Breach
Two healthcare entities agreed to pay a $4.8 million settlement, the largest at the time under HIPAA, after a data breach exposed the electronic protected health information of 6,800 patients online. An investigation found that a physician had attempted to deactivate their personal computer server connected to the healthcare network, which lacked security measures and led to patients' records being accessible on the Internet. Neither entity had taken steps to ensure servers were secure prior to the breach. As part of the settlement, they agreed to undertake risk analysis, develop risk management plans, revise policies and procedures, train staff, and review progress.
Poor Recordkeeping Doesn't Float
Two subcontracting companies working on a federal contract to restore Navy and Coast Guard vessels improperly classified temporary workers as independent contractors instead of employees. As a result, the companies failed to pay overtime and kept inadequate records, owing $720,000 in back wages and damages to 224 workers. A Department of Labor investigation uncovered the wage violations by the two companies that shared common ownership as required by their inclusion in the federal contract.
DOL Investigation Recovers Back Wages
Avoiding violations of the FLSA should always be on an employer's checklist. Here's what happened when a supermarket chain failed to follow the Act.
5 Tips For Easier Payroll Processing
There are many things that go into running a business - payroll being a big part of it. Here are some tips to help ease the payroll process.
7 Payroll Pitfalls
The document discusses common payroll mistakes made by employers including making unauthorized deductions from final paychecks, misunderstanding rules for garnishments and other deductions, issuing final pay in an untimely manner which can impact quarterly and annual tax reports, incorrectly handling employee W-4 forms, and failing to comply with new hire reporting requirements within 20 days of hire. It emphasizes that employees rarely forgive payroll mistakes and that employers should follow the golden rule of payroll compliance.
Its Ineligible - Now What
This document discusses handling ineligible expenses charged to a Health FSA debit card. It outlines five ways to handle such expenses: 1) deactivate the card until the debit is repaid; 2) withhold repayment from wages with employee authorization; 3) demand repayment from the employee with after-tax dollars; 4) treat the payment as a business debt consistent with normal practices; or 5) offset the expense against other eligible expenses. All reimbursed expenses charged to the debit card must be substantiated either through automatic methods like co-payments or recurring expenses, or by providing a receipt. Ineligible expenses become subject to "pay-and-chase" procedures and are no longer tax-free.
Changing Paydays
An employer considering changing their payroll schedule should examine applicable state laws, ensure the change is permanent and not to avoid wage laws, and communicate openly with employees to help transition to the new schedule. The employer needs a legitimate business reason for the change and cannot temporarily alter paydays or use it to circumvent minimum wage and overtime rules.
After Hours Training - Payable or Not?
Many employers offer after hours training programs for staff to benefit their jobs and careers. For non-exempt employees, employers do not need to pay for this time if attendance is voluntary, it occurs outside regular working hours, it does not directly relate to their job, and no other productive work is performed during. However, attendance is not truly voluntary if employees feel their job would be affected by not attending.
Mental health and HIPAA guidance
The U.S. Department of Health & Human Services (HHS) has issued guidance regarding the HIPAA Privacy Rule that includes frequently asked questions regarding what is appropriate to share for a patient that is being treated for a mental health condition.
10 Common FLSA Violations
The Fair Labor Standards Act (FLSA) was passed in 1938, setting the standards for minimum wage, overtime pay, recordkeeping and child labor. The FLSA affects most private and public employers and has undergone revisions since the original.
A Solid Business Financial Plan
This document discusses the benefits of flexible spending accounts (FSAs) for both employees and employers. It notes that FSAs allow employees to set aside pre-tax income to pay for healthcare expenses. This saves both employees and employers money. For employees, it saves on taxes, and for employers it reduces payroll taxes. The document also outlines different FSA options for employers and expenses they can cover, including dependent care and carryover amounts from year to year.
Prepare for PTO
July and August see the highest number of personal time off (PTO) requests according to a survey by Infinisource's Time Force Product Team. These summer months account for 20% of all yearly PTO requests. December and November also see many PTO requests, while January, February, and April have among the lowest numbers of requests according to the survey results.
More from Infinisource (20)
4 Things to Consider When Choosing a Payroll Provider
4 Things to Consider When Choosing a Payroll Provider
Recently uploaded
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Top mailing list providers in the USA.pptx
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Creative Web Design Company in Singapore
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Best Forex Brokers Comparison in INDIA 2024
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-inspired to the data-driven praxis (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership at Agile Tour Geneve 2024
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoCorey Perlman, Social Media Speaker and Consultant
Social media for business ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Building Your Employer Brand with Social Media
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
Structural Design Process: Step-by-Step Guide for Buildings
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
Part 2 Deep Dive: Navigating the 2024 Slowdown
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
-- June 2024 is National Volunteer Month --
Check out our June display of books on voluntary organisations
Mastering B2B Payments Webinar from BlueSnap
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
buy old yahoo accounts buy yahoo accounts
As a business owner, I understand the importance of having a strong online presence and leveraging various digital platforms to reach and engage with your target audience. One often overlooked yet highly valuable asset in this regard is the humble Yahoo account. While many may perceive Yahoo as a relic of the past, the truth is that these accounts still hold immense potential for businesses of all sizes.
Industrial Tech SW: Category Renewal and Creation
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Recently uploaded (20)
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
Structural Design Process: Step-by-Step Guide for Buildings
Structural Design Process: Step-by-Step Guide for Buildings
Employer Penalized $1.8 Million for COBRA violation
- 1. Employer Penalized $1.8 Million Glitches in an automated data feed between an employer and its COBRA administrators affected more than 700 employees. one thousand employees A district court recently assessed the damages: more than $1.8M plus attorney fees. two million dollars In the class action case of Pierce v. Visteon, the employer used numerous COBRA and benefits administrators. Most of the qualifying events related to extensive layoffs that occurred during December 2004. The court saw a complete lack of COBRA oversight by the employer, which was the plan administrator. HERE ARE SOME KEY LEARNINGS FROM THIS CASE: Automated processes are good but they still must be subject to regular verification If you outsource COBRA administration, ensure that your administrator is providing regular activity reports and that you’re reviewing them Even if your outsourced COBRA administrator is doing a good job, designate at least one employee for COBRA inquiries copyright 2014