The Frances Perkins Building of the U.S. Department of Labor headquarters in Washington, D.C. The Department of Labor (DOL) has updated their guidelines about what constitutes an independent ...
The AICPA’s Auditing Standards Board has issued Exposure Draft, “Proposed Statement on Auditing Standards (SAS), Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans ...
Understanding the basics of an ERISA audit and its advantages can help a company mitigate the risk of costly penalties from the DOL. LONG BEACH, CA, UNITED STATES ...
Although the ASB has voted to issue this SAS as a final standard, it expects to consider whether conforming amendments to this SAS will be necessary once the Proposed Statements on Auditing Standards ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The countdown to revised ERISA employee benefit plan ...
In 2015, the Department of Labor published a study that found 39% of employee benefit plan audits had one or more major deficiencies. Because of these results, the Department of Labor asked the ...
In separate standards, the AICPA Auditing Standards Board (ASB) addressed ERISA plan financial statements and rules for other information in annual reports. The ASB issued Statement on Auditing ...
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