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Position Summary
The Audit Manager is primarily responsible for planning, conducting and reviewing attest engagements of the department, as well as providing advanced technical assistance and research on complex attest issues. The Audit Manager should assist in the development and training of staff. They have a significant amount of client contact and make associations to develop new business for the firm. Audit Managers work closely with the shareholders in providing innovative attest planning strategies for our client base. The Audit Manager reports to Audit Department Lead.

Core Competencies and Corresponding Behaviors
Technical Competency

  • Demonstrates an understanding of the firm’s quality control standards
  • Willing to spend time researching technical matters related to assigned engagements...

On May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations, which will automatically extend overtime pay protections to over 4 million workers within the first year of implementation. The effective date of the final rule is December 1, 2016. The initial increases to the standard salary level (from $455 to $913 per week) and HCE total annual compensation requirement (from $100,000 to $134,004 per year) will be effective on that date. Future automatic updates to those thresholds will occur every three years, beginning on January 1, 2020.

https://www.dol.gov/whd/overtime/final2016/

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Contryman team members from across all locations came together in Kearney on April 23 to celebrate another successful year for the firm.

The event was held at the Classic Car Collection with great food, drink and awards celebrating the wonderful accomplishments of the team.

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Retired Shareholder Gary Wieck is joined by Phyl and Karl Kostbahn during cocktail hour at the Classic Car Collection

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From AICPA

It has come to our attention that a fraudulent email (see sample below) is being issued to tax preparers asking them to update their e-Services information. This email WAS NOT generated by the Internal Revenue Service.

The links provided in the email are designed to capture e-Services usernames and passwords. If you engage with or respond to this email, you will put your sensitive information as well as your clients’ at risk of theft.

If you receive an email like this, DO NOT click on the links or take any other action. There is no need to call the IRS. Simply delete the email. The IRS is aware of the scam, and issued a QuickAlert on Nov. 24.

AICPA Resources:

Meet the Firms Photo

‘Rachelle Bryant, Jenni Klingelhoefer and Katie Bierman attended the Beta Alpha Psi “Meet the Firms” event on September 30 at The University of Nebraska at Kearney. Students from the Accounting Department attended the event – many graduating in Dece...

 

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‘The Grand Island office celebrated their recent relocation with ...

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Congratulations to Jill Clay, the recipient of the Contryman Service Excellence Award for the 1st Half of 2015.

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The Fair Labor Standards Act (FLSA) governs overtime rules. The Department of Labor has proposed a change in who is potentially covered under the rules governing overtime pay. While this change is technically just “proposed” at this point, this is an area that does not require legislative action for the change to be enacted. At the present time it is fully expected to become enacted early in 2016. Having gone 10+ years without change the proposed increase will be a big financial jolt to many businesses.

 

History:

This particular portion of the FLSA rules governing overtime is referred to as the “white collar worker” rule. The FLSA has historically provided a white collar exemption from overtime rules that covers certain exec...