It is no secret; the U.S. Department of Labor (DOL) says that selecting the right auditor for your employee benefit plan audit is vital to the protection of your company and employees. The risks a company takes to save a small amount of money largely overshadows the short-term cost savings of taking a “lowest bid” approach. A high-quality audit by an experienced firm like White, Nelson & Co. can assist in protecting your plan and help you monitor available funds to pay future benefits to your employees; whether retirement, health or other. Additionally, since it is a legal obligation to complete an accurate annual report for your plan each year, penalties may be assessed to your organization should your audit report be insufficient or untimely, underscoring the need to select the right certified independent auditor.
It is important that the firm you select to perform your employee benefit plan audit is qualified and experienced like White, Nelson & Co., a member of the American Institute of Certified Public Accountants’ (AICPA) Employee Benefit Plan Audit Quality Center. Member firms are held to standards that demonstrate a commitment to audit quality and accuracy.
A few questions to consider...
To discuss your organization accounting, audit or form 990 requirements, please email lhouri@whitenelson.com
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