Employee Benefit Plans — Financial Statement Audits
An independent audit of the financial statements of an employee benefit plan are often required when your plan meets certain criteria. As a plan sponsor, administrator or trustee, understanding your requirements and the process involved is important to your fiduciary responsibilities. This guide describes the roles and responsibilities of individuals involved in:
- The plan’s financial reporting, the audit process,and the purpose and objectives
- The benefits of a financial statement audit
- Audit scope
- General audit matters
- The auditor’s report
- How you can assist in the audit process
A financial statement audit is conducted by an independent certified public accountant. This guide addresses audits of financial statements that are prepared for purposes of filing Form 5500 with the U.S. Department of Labor (DOL).
Download this whitepaper to learn more about financial statement audits for your employee benefit plan.
- Choosing a trustee for a trust is an important decision. …Read More »
- On an annual basis plan administrators have to deal with …Read More »
- It’s one thing for business owners to desire to grow …Read More »
- Employees’ retirement timing decisions will depend on a variety of …Read More »
- In a typical phishing scam, a criminal tricks someone into …Read More »