How to Guides

The AICPA Employee Benefit Plan Audit Quality Center (EBPAQC) has prepared the Plan Advisory, The Importance of Hiring a Quality Firm to Perform Your Employee Benefit Plan Audit, to assist plan sponsors, plan administrators, and trustee with an understanding of the importance of hiring a quality auditor to perform their employee benefit plan financial statement audit.…

The AICPA Employee Benefit Plan Audit Quality Center has prepared this advisory to assist you as a plan sponsor, plan administrator, trustee, audit committee, employee benefit plan committee, administrative committee, or investment committee in better understanding the various communications that may be initiated by your plan auditor. This advisory discusses: An overview of auditor communications Auditor’s communication with those charged with…

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…

As a plan sponsor, administrator or trustee, it is important to understand the benefits of establishing an effective monitoring program to oversee service organizations that perform recordkeeping and reporting functions for your employee benefit plan. A plan may use several service organizations such as trustees, custodians, investment managers and recordkeepers to perform various functions on…