Pensions and Profit Sharing Plan Audits
Large Plans require a professional and independent audit. But there are other reasons to have your Plan audited – to help protect the Plan’s assets and the financial integrity of your employee benefit plan and to ensure the necessary funds will be available to pay retirement, health insurance, and other promised benefits to your employees. A proper audit also will enable you to meet your legal responsibility to file a complete and accurate annual return or Plan document each year.
Because an incomplete, inadequate, or untimely audit report may result in penalties being assessed against you as the Plan’s administrator, your selection of an auditor is very important. Call our specialists and ask about the benefit of using Adeptus as your audit professional. The Adeptus professionals who conduct your audit know your company and your issues so it is our policy to assign the same auditors to your account every year that we are granted your business.
Employee Benefit Plan Audit Quality Center
Find out information on Plan fraud, expenses and eligibility
From the AICPA…