Breakout Session #6

Dan Moulton

Deferred Compensation – Recent Accounting, Auditing, and Financial Concerns
Daniel Moulton, CPA, Doeren Mayhew

As credit unions grow, credit unions have a need to attract and retain talented executives.  With this, comes challenging financial and accounting issues such as…how to pay for the benefit, how to record the assets and obligations, and how to stay within the regulatory boundaries.  Join this discussion about the benefits and pitfalls of deferred compensation plans and other “creative” perks being offered to credit union employees these days.  Included will be a review of some of the important accounting rules and tax laws that must be followed, as well as some tips for controlling costs and selecting the plan option to best meet the needs of the credit union.

About Daniel Moulton

Daniel Moulton, CPA, is a Shareholder in the Financial Institutions Group at Doeren Mayhew. The firm specializes in serving credit unions and their service organizations. He has over 35 years of experience in the credit union industry, providing insight to credit unions and credit union service organizations from coast to coast. Focused on assisting clients to maximize their internal audit functions, Daniel leads a team of internal audit specialists providing both full-service and co-sourced internal audit and regulatory compliance services. These services range from BSA/OFAC audits, allowance for loan loss reviews, consumer and commercial loan reviews, and ALM reviews, and a variety of internal audit reviews. He also spends a significant amount of time providing a wide range of other risk-management services such as certified opinion audits and Supervisory Committee audits. Daniel’s expertise in areas such as fraud investigation, accounting systems, and technical issues is especially well known to credit unions throughout the nation. His teaching experience includes ongoing instruction at various national Supervisory Committee and internal audit conferences, sessions on accounting principles for various state and federal regulators, presentations to national and regional CFO groups, and classes on fraud and internal controls at the Southwest and Western CUNA Management Schools.

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