DOL Study Shows Improvements Still Needed In Employee Benefit Plan Audits
- Topics:
- Accounting software
- Tags:
- AICPA,
- Audit,
- Benefits,
- Employee Benefit,
- Employee Benefit Plan,
- Human Resources,
- Payroll Solutions
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Overview: The U.S. Department of Labor continues to find deficient employee benefit plan audits, according to a recent study on the quality of employee benefit plan audits by the DOL's Pension and Welfare Benefits Administration. The PWBA found many of the plan audits that it reviewed did not comply with generally accepted auditing standards, and many plan filings did not comply with Employee Retirement Income Security Act reporting requirements. This article explains number of problems PWBA identified that resulted in noncompliance with standards.
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Format: HTML | Date: Oct 2002 | Pages: 1
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