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August 13, 2014
Fraud Interviewsarticle

By Chris Ciminera, Supervisor, Belfint, Lyons & Shuman, P.A.

 

Imagine that I am standing over a cowering plan administrator, in a dark room, shining a single bright light overhead, screaming, "Did you take money from the plan?!" This tactic is better suited to a CSI episode and not an audit of an employee benefit plan. However, in an audit of an employee benefit plan, we as auditors are expected to consider fraud that could have occurred, although there is no guarantee and, accordingly, no assurance we provide, that we will uncover fraud, even if it is happening in a plan. As part of our fraud consideration we are required to perform a fraud interview. Although the scene I described above is far from what actually happens, I have a feeling when I ask a plan administrator or third party administrator if I can schedule a fraud interview, that scene is the first thing that comes to mind.

 

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The 2015BMC Is Now During the Week!bmc
Save time, make more money, increase productivity and register for the 2015 Business Management Conference (2015BMC).

When: BMC is now during the week! January 7-9, 2015 

Where: Sanctuary on Camelback Mountain in Scottsdale, Arizona 

Here's the rest: 

The 2015BMC will now take place Wednesday through Friday! 

Members rave about our annual Business Management Conference. This event is consistently cited as one of the top benefits of NIPA membership. Tens of millions of dollars of revenue have been generated as a result of ideas shared by our world-class speakers and members. The 2015BMC is an annual event specifically for TPA business owners and is a tremendous gathering of successful entrepreneurs in our industry.

Register by December 5, 2014 and save $100!

Hear What NIPA Members Have to Say
"Being a member of NIPA has accelerated my cash flow significantly. Before joining NIPA I was borrowing money because I was billing clients at the end of the year. After my first Business Management Conference, I switched to quarterly billing. NIPA has helped me improve my cash flow, avoid short term bank loans and grow my business!"
  
- Bob Chin, President, Abacus Benefit Consultants, Inc.
  
Receive $1,000 to Earn the APA Designation Scholarship -
Apply by August 29 penchecks
PenChecks NIPA APA Designation Scholarship applications for the November 2014 testing window are due by Friday, August 29.
  
Take advantage of the PenChecks NIPA APA Designation Scholarship and receive $1,000 towards your APA Designation! Through NIPA's APA designation, you can achieve career advancement by staying up-to-date on the latest information, legislation and trends in the retirement plan industry. In return, you are able to improve day-to-day performance, streamline processes and increase productivity.
 
Submit your application for the PenChecks NIPA APA Designation Scholarship today!

Call for 2015NAFE Speakers and Presentations — Submit by September 5nafe
Position yourself as an industry leader and showcase your expertise to the retirement plan industry!

NIPA invites you to participate in the call for speakers and presentations for the most important retirement plan professionals' event of the year, the 2015 NIPA Annual Forum & Expo (2015NAFE). Taking place May 3-6, 2015 at The Cosmopolitan of Las Vegas, the 2015NAFE offers enriching, relevant education to enhance the services you provide to your clients. 

The call for speakers and presentations is now open through Friday, September 5.

A Gift From NIPA: 50% Off Online Certificate Coursesgift
NIPA is pleased to present a members-only gift of 50% off all of NIPA's online certificate courses!
 
NIPA realizes the time constraints and heavy workloads you face in this dynamic industry. NIPA offers five online certificate courses that work around your schedule, letting you choose the best time to study and complete the exams to advance your knowledge of pension administration.
 
Join NIPA to redeem this member gift. Don't wait - this special offer is only available through August 31!
  

 In This Issue

Calendar of Events

TPA Business Owner Resources

New! Cerulli Associates - Industry Insights and Trends

 

New! AXIS Retirement Analytics Platform

TPAresources.com

 

NIPA B2B Exchange

 

401(k) Sales Champion Workshop� 

 

Errors & Omission (E&O) Insurance  

 

Customer Marketing Tools

 

More TPA Business Owner Resources 

National Institute of Pension Administrators
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