The 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. This advisory describes why a financial statement audit is important; risks to plan sponsors if a quality audit is not performed; evaluating auditor qualifications; the proposal process, including the request for proposal, proposal evaluation and auditor selection; and documenting the agreement.
The Importance of Hiring A Quality Auditor to Perform Your Employee Benefit Plan Audit
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