UHY Advisors' professionals have been working under the COSO guidelines for assurance and compliance since their introduction. Bringing both a practical approach suited to the middle market along with industry specific knowledge, our clients tell us our engagements not only result in compliance, but have often resulted in better operations.
In today’s competitive environment, companies can gain a sustainable advantage through reviewing the significant number of transactions with outside vendors. One easy and cost effective way for companies to ensure they receive the optimal value for their expenditures is to conduct vendor and construction audits for compliance and cost recovery. Our clients benefit from a variety of cost saving measures including:
The Health Insurance Portability & Accountability Act (HIPPA) requires that healthcare organizations such as healthcare providers, health plans, public health authorities, life insurers, information systems vendors, service organizations, and universities provide improved efficiency in the delivery of healthcare services by standardizing the electronic interchange and protection of health data through standards for healthcare transactions and administrative information systems. HIPAA compliance is based on an organizations level of enforcement of the rules, regulations, and standards established by the Department of Health and Human Services (HHS) including those related to:
UHY Advisors officially became a Qualified Security Assessor Company (QSAC) in 2009. To achieve that credential, our professionals completed a comprehensive application process, background check and training effort to meet the rigorous requirements of PCI Security Standards Council. The firm offers the following PCI services to meet your compliance requirements and alleviate the demands imposed on merchants and payment card service providers:
Effective for plan years beginning after December 31, 2018, the Internal Revenue Service has amended the requirements for taking a hardship distribution from Section 401(k) plans.
Save The Date! Annual Accounting & Business Conference
Wednesday December 4 2019
Hosted at the MSU Management Education Center in Troy, MI
As consumers and businesses have begun receiving new credit and debit cards with shiny embedded microchips (known as EMV technology), many are unaware of the liability shift that occurred in 2015. As of October 2015, merchants that are not certified to accept EMV card transactions may be responsible for certain fraudulent charges, a change from standards that previously existed where the liability rested solely with the card issuer. Estimates indicate 94 percent of magnetic-only credit cards will be replaced by the end of 2016. As a result, businesses that accept credit cards face a dramatically different landscape compared to just a few short months ago.