Financial A&A news from around the web: June 13 – 17, 2022

Art of accounting: Everything you are doing today will be ‘old school’ tomorrow 
Are you keeping up? When you look back, would you think you did it right or could have done better? Today whatever you are doing is merely allowing you to stay close to the rapid changes. 

401(k) plan sponsors: It doesn’t pay to ignore your plan’s definition of compensation 
One of the most common errors in 401(k) plan administration continues to be a mismatch between a plan's definition of compensation and the actual compensation taken into account for plan purposes. Here are steps plan sponsors can take to minimize the risk of this happening to them.