SOC Tip #14

Keep it tight! To keep costs down, service organizations should have a discussion with their customers and auditors about only including ‘key’ controls that satisfy control objectives for SOC reports. Extra controls do not necessarily add to the report once control objectives are met, and only add unneeded costs to the audit engagement.

409A Valuations: Not Just for Tax Purposes

Section 409A specifically relates to the potential tax impact of deferred compensation plans (such as stock options).

A Closer Look at 409A Valuations

409A valuations are basically an insurance policy, which a company can rely on for protection and support if a future IRS audit claims the company did not establish appropriate fair market value for its stock or equity incentives.

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