Staffing, Cyber Security and Technology are issues facing Family Offices.
Qualified retirement plans must file IRS Form 5500. However, only plans that the IRS considers to be "large" need to submit an independent auditor's report along with their Form 5500 filing.
The unprecedented current situation caused by the coronavirus has created many new challenges for professions across the globe, with accounting and auditing being no exception. Organizations face various financial reporting implications due to the impact of COVID-19.