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The Importance of Hiring a Quality Auditor to Perform Your Employee Benefit Plan Audit Logo aicpa

  EBPAQC |   Free |   AICPA |   2014 |

This Plan Advisory provides plan sponsors, administrators, or trustees with an understanding of the importance of hiring a quality auditor to perform the employee benefit plan financial statement audit, and information to help in selecting a quality auditor. This advisory describes why a financial statement audit is important; risks to plan sponsors if a quality audit is not performed; evaluating auditor qualifications; the proposal process, including the request for proposal, proposal evaluation and auditor selection; and documenting the agreement.

Topics covered:
  • Employee benefit plan auditing: Technical: Plan sponsor: Audit quality & auditor selection, Foundational