by cpaadmin | Jan 17, 2022 | 401k Audit Firm, 401k Compliance, 401k Plan Audit, Audit Insights, Audit Procedures, Auditor, Plan Sponsors, Retirement Plan, SAS 136
Your independent auditor has always adhered to auditing standards established by The Audit Standards Board of the American Institute of Certified Public Accountants (AICPA). This year, new standards will be implemented for your employee benefit plan audit. In July of...
by cpaadmin | Dec 16, 2021 | 401k Audit Firm, 401k Plan Audit, 401k Plan Mistakes, Audit Insights, Auditor, Plan Sponsors, Virtual Audits
You probably already know your 401k plan must satisfy certain plan qualification requirements enforced by the IRS. But what you may not know is that if your plan fails to meet these requirements you, the employer and plan fiduciary, may be subject to personal...
by cpaadmin | Jul 22, 2021 | 401k Audit Firm, 401k Plan Audit, 401k Plan Audit Documentation, Merger & Acquisitions, Plan Sponsors, Record Retention, Retirement Plan
Congratulations to your organization, on selling (or buying) a business! Now comes the fun part: Figuring out what to do with all of those employee records. When you’re a 401(k) retirement plan sponsor, the question of what to retain through the merger and...
