Pensions at Risk: Can the Department of Labor Effectively Audit Private Retirement Funds? : Hearing Before the Employment and Housing Subcommittee of the Committee on Government Operations, House of Representatives, One Hundred First Congress, First Session, August 2, 1989, Volume 4U.S. Government Printing Office, 1989 - 266 pages |
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accepted accounting principles accepted auditing standards agencies AICPA auditing standards bank CAPELLI Chairman civil Committee Congress criminal investigations Davis-Bacon Act DEARMENT Department of Labor Department's disclosure embezzlement employee benefit plans enforcement efforts enforcement strategy ERISA FASB Federal fiduciary filing financial statements fraud Government identify IG's implemented independent auditor independent public accountants indictment industry Inspector General's institutions investment IPA audit IPA's issues Labor Department Labor Racketeering LANTOS legislation limited scope audits LUKENS MARIA million MORAGLIO OFCCP Office of Inspector Office of Investigations Office of Labor PBGC pension fund percent PETERSON plan administrators plan assets plan participants problem procedures PWBA PWBA's recommendations regulations regulatory responsibility savings and loan Secretary of Labor SHAYS specific statute of limitations Subcommittee targeting Teamsters there's tion transactions U.S. Department violations voluntary compliance Wage and Hour
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Page 129 - I will be pleased to answer any questions that you or the Members of the Subcommittee may have.
Page 99 - The opinion required by subparagraph (A) need not be expressed as to any statements required by subsection (b)(3)(G) prepared by a bank or similar institution or insurance carrier regulated and supervised and subject to periodic examination by a State or Federal agency if such statements are certified by the bank, similar institution, or insurance carrier as accurate and are made a part of the annual report. (D) For purposes of this title, the term "qualified public accountant...
Page 131 - Employee Benefit Plans Committee. I am also a former member of the Department of Labor's Advisory Council on Employee Welfare and Pension Benefit Plans. With me today is Joseph F. Moraglio, Vice President, Federal Government Relations of the American Institute of Certified Public Accountants. The American Institute of Certified Public Accountants (AICPA) is the national professional association of certified public accountants (CPAs) representing more than 285,000 CPAs in public practice, industry,...
Page 142 - Auditing standards differ from auditing procedures in that "procedures" relate to acts to be performed, whereas "standards" deal with measures of the quality of the performance of those acts and the objectives to be attained by the use of the procedures undertaken.
Page 202 - Profit recognition on sales of real estate with insured mortgages or surety bonds 88-12 Transfer of ownership interest as part of down payment under FASB Statement No. 66 88-24 Effect of first-mortgage financing under FASB Statement No.
Page 191 - Accounting for a Purchase of Treasury Shares at a Price Significantly in Excess of the Current Market Price of the Shares and the Income Statement Classification of Costs Incurred in Defending Against a Takeover Attempt...
Page 200 - Permanent discount restricted stock purchase plans 84-44 Partial termination of a defined benefit pension plan 85-10 Employee stock ownership plan contribution funded by a pension plan termination 86-19 Change in accounting for other postemployment benefits 86-27 Measurement of excess contributions to a defined contribution plan 87-13 Amortization of prior service cost for a defined benefit plan when there is a history of plan amendments 87-23 Book value stock purchase plans 87-33 Stock compensation...
Page 197 - GNMA dollar rolls 84-21 Sale of a loan with a partial participation retained 84-22 Prior years' earnings per share following a savings and loan association conversion and pooling **Directly or indirectly related to savings and loan associations.
Page 199 - ... on Leveraged Leases 86-44 Effect of a Change in Tax Law on Investments in Safe Harbor Leases 86-45 Imputation of Dividends on Preferred Stock Redeemable at the Issuer's Option With Initial Below-Market Dividend Rate 86-46 Uniform Capitalization Rules for Inventory Under the Tax Reform Act of 1986 87-1 Deferral Accounting for Cash Securities That Are Used to Hedge Rate or Price Risk...
Page 202 - Retention of specialized accounting for investments in consolidation 85-22 Retroactive application of FASB Technical Bulletins 85-35 Transition and implementation issues for FASB Statement No.