Directed to business executives, CFOs, Heads of nonprofit organizations, board members and the users of audit reports, our Accounting Matters newsletter provides readers with articles that can help financial professionals better understand the audit process and the benefits an audit can provide to their business.
Articles for May 2016
DOL’s final overtime rule brings sweeping changes
The U.S. Department of Labor (DOL) has released a final rule that makes dramatic changes to the determination of which executive, administrative and professional employees — otherwise known as “white-collar workers” — are entitled to overtime pay under the Fair Labor Standards Act (FLSA). The rule will make it more difficult for employers to classify employees as exempt from overtime requirements.