Important Considerations When Choosing a Benefit Plan Auditor

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Ask These Questions to Gauge Experience and Knowledge

Choosing a qualified benefit plan auditor can be a challenging process, particularly for the uninitiated. Selecting an inexperienced auditor or one with a less than stellar track record can have lasting ramifications on your plan. There are several factors to consider when evaluating potential auditors:

  • The firm’s experience with auditing benefit plans. To perform an audit in accordance with the standards, tests need to be performed that are unique to benefit plans. The firm you select should be committed to the training of its staff, not just in audit skills, but in …read more

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