Plan Sponsor Resource Center

    Plan Sponsor Resource Center 

    The AICPA Employee Benefit Plan Audit Quality Center has compiled the following helpful tools and resources for plan sponsors, administrators and trustees: 

    Find an EBPAQC Member Firm (by firm name or by state).

    Plan Advisories
    The AICPA Employee Benefit Plan Audit Quality Center prepares Plan Advisories for plan sponsors, administrators, and trustees. These comprehensive documents contain information to assist them in understanding their fiduciary and other responsibilities with respect to various aspects of their plans. 

    Tools, Resources and Articles

    RFP and Auditor Evaluation Process Checklist for Plan Sponsors
    This tool can assist plan sponsors and other stakeholders in the request for proposal (RFP) and evaluation process to obtain quality financial statement audit services. It also discusses the RFP evaluation and auditor selection process and how to find an auditor.

    Audit Quality and Auditor Selection
    One of the most important duties of the plan administrator is to hire an independent auditor for the plan. A quality audit helps ensure the financial integrity of a plan and protect plan assets. A quality audit also will help a plan administrator carry out its legal responsibility to file a complete and accurate annual return/report for the plan each year.  

    Quality Counts for Your Plan's Financial Statement Audit
    A quality audit of the plan's financial statements is important in order to instill the comfort millions are seeking. To learn more about the importance of a quality audit, read the Quality Counts for Your Plan's Financial Statement Audit written by Anita F. baker, Principal in Charge, Benefit Services, LarsonAllen LLP. 

    Resource Centers

    403(b) Plans
    Find general information about IRC section 403(b) retirement plans and DOL regulations requiring annual financial statement audits for ERISA-covered 403(b) plans.

    Fair Value Measurements FASB ASC 820
    The Center has compiled and developed resources to assist plan sponsors in understanding FASB ASC 820, Fair Value Measurement

    DOL/Regulatory Resources
    The Department of Labor provides numerous resources for employee benefit plan auditors and Form 5500 and financial statement preparers, as well as individuals who select auditors.

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