Audit & Assurance

Effective Monitoring of Outsourced Plan Recordkeeping and Reporting Functions

January 31, 2014

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…

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The Importance of Internal Control in Financial Reporting and Safeguarding Plan Assets

January 31, 2014

The AICPA Employee Benefit Plan Audit Quality Center has prepared this advisory to assist you as a plan sponsor, administrator, or trustee in understanding how internal control over financial reporting is critical to your plan. As a plan sponsor, administrator, or trustee, you are considered a fiduciary under ERISA. As such, you are subject to…

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