Art of the Qualified Plan Audit

When auditors identify operational errors, clients and service providers often ask whether we can ignore them since they are immaterial to the financial statements. 

In response to the DOL’s findings regarding ERISA plan audit deficiency rate, the AICPA has embarked on an initiative to improve audit quality

Internal Revenue Code Section 401(k) was added to the tax law as part of President Jimmy Carter’s Revenue Act of 1978.

The Auditing Standards Board created a special task force in 2015 to consider a proposal to improve the quality of employee benefit plan audits by strengthening the EBP auditors’ report.

“The buck stops here” is a phrase that was popularized by U.S. President Harry S. Truman, who kept a sign with that phrase on his desk in the Oval Office.

Some people believe you can never get enough of a good thing.

A member of our Employee Benefit Plan Audit Team, Stacey I. Snyder, CPA, will be speaking in an upcoming Strafford live webinar, “Mastering Form 5500 Schedule: Avoiding Audit Triggers” scheduled for Thursday, May 18, 1:00pm-2:50pm EDT.

It has been almost two years since the DOL released the results of its study of the quality of work performed by independent qualified public accountants (IQPAs).

Administrative simplicity or empathy for participants in need? Allowing more than one participant loan in a retirement plan is not a black and white determination.

Keeping two sets of books often means that someone is hiding something from the taxing authorities.