News

News

Heard, McElroy & Vestal, LLC Joins Forces with Aliign, LLC to form Aliign Mineral Management, LLC

Friday, January 26, 2018
Heard, McElroy & Vestal, LLC, a top provider of business consulting, tax planning and preparation, audit and assurance, business valuation, and retirement plan services, is proud to announce that the firm has joined forces with Aliign, LLC to form a new subsidiary called Aliign Mineral Management, LLC, an oil & gas consulting firm that offers accounting and management expertise to royalty owners, working interest owners and operators. The merger, effective December 1, 2017, expands and enhances Heard, McElroy & Vestal's ability to provide top level services to businesses and individuals with oil and gas holdings. Read more...

Department of Labor Reports on Quality of Employee Benefit Plan Audits

Friday, June 10, 2016

In May 2015, the U.S. Department of Labor (DOL) issued a report on the quality of employee benefit plan audits.  Overall, the report concluded that 39% of the audits contained major deficiencies with respect to one or more relevant generally accepted auditing standards (GAAS).  The DOL had performed a similar study in 2004 which concluded that 33% of audits contained major deficiencies. As a result of this declining trend, the Department of Labor has reached out to plan administrators asking them to consider whether their auditor is qualified to perform an audit of their plan.  Read more...