Over the past 3 years KEV has been requested to present at numerous State ASBO conferences. We continue to see increased interest and a continuing trend within school districts to: Read more…
The Senate recently passed a measure that repealed the 1099 reporting changes put through last year, and the U.S. House of Representatives will vote on this measure as soon as next month. This will be great news for many school district officials that were dreading the amount of additional work this would cause for tracking activity accounts without a centralized solution.
We’ve been asked to share more information on the new Bill passed in 2010 which establishes a $600 threshold for producing 1099 IRS tax forms and, in addition, expands the scope of reporting to include corporations. The changes to the reporting requirements set forth in the Bill apply to payments made after December 31, 2011. The exact text of the amendment is detailed below from section 9006: Read more…
KEV had the opportunity to capture this educational seminar delivered by Derek Rostant of KPMG Forensics on detecting fraudulent conduct in school districts in archived webinar format. In this seminar Derek covers topics ranging from the reasons why fraud occurs to what opportunity needs to be present for fraud to occur and finally three case studies on discovered fraud cases that occurred at school districts. KEV has archived this hour long seminar into 6 videos available on Youtube. Links to each segment along with a brief description of each is available below. Read more…
