CariAnn J. Todd, CPA, is the Director of the Employee Benefit Plan Audit Group for BeachFleischman PC. She recently authored an article for the Journal of Pension Benefits that discusses how CPAs are addressing audit quality as well as some of the challenges in the process. Article Preview As a CPA, I am fortunate to[ … ]
Tag: quality
Audit Quality – It’s Our Priority
The Department of Labor recently issued a report on its study of the quality of employee benefit plan audits. The study focused on 400 plan audits attached to 2011 Form 5500 filings. The results were less than impressive. The study found the following: 39% of audits contained major deficiencies in terms of compliance with U.S.[ … ]
