Federal law requires that employee benefit plans – such as 401(k) plans, 403(b) plans, profit sharing plans, defined benefit plans, etc. – with 100 or more eligible participants must be audited each year. Emerick & Company has a team of professionals that specialize in employee benefit plan audits.
The U.S. DOL continues to intensify its review and scrutiny of plans and their respective audits, and advises the following:
“One of the most common reasons for deficient accountants’ reports is the failure of the auditor to perform tests in areas unique to employee benefit plan audits. The more training and experience that an auditor has with employee benefit plan audits, the more familiar the auditor will be with benefit plan practices and operations, as well as the special auditing standards and rules that apply to such plans.”
The increasing complexity of accounting and reporting requirements makes it important to select an experienced and trustworthy certified public accounting firm to handle your audit. At Samet, our experienced team has over 20 years of experience in providing quality audits.
Our clients have the peace of mind knowing that they have limited the risk of significant penalties or even disqualification of the plan. At Emerick & Company, our approach to serving clients is based upon building an ongoing relationship of trust and confidence.
Please contact us here for information about requesting a proposal or a list of references.