This EBPAQC tool helps:
Plan administrators understand their responsibilities for determining the acceptability of an ERISA Section 103(a)(3)(C) audit certification
Auditors understand their responsibilities related to the certification
Both plan administrators and auditors identify common deficiencies in ERISA Section 103(a)(3)(C) audit certifications, including no certification or incomplete certification, omissions or errors in the certification, information improperly certified, and incorrect/improper information certified
It also includes an illustration of a proper certification. This tool may be used in conjunction with other EBPAQC resources, including:
Conditions for plan management to elect an ERISA Section 103(a)(3)(C) audit
Documentation of the auditor’s evaluation of management’s assessment of an ERISA Section 103(a)(3)(C) audit certification
EBPAQC Primer, ERISA Section 103(a)(3)(C) audits of employee benefit plans