Tag Archives: EBP audits

EBSA Issues Report on EBP Auditors

State Board Report June 2015 The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) released its anticipated report on "Assessing the Quality of Employee Benefit Plan Audits" on May 28. For the 2011 filing year, 81,162 audit reports on employee benefit plans (EBP) were submitted to the EBSA by 7,330 different CPA firms. To…

Panel Looks at DOL Concern

State Board Report November 2014 The Department of Labor’s concern with the quality of audits of Employee Benefit Plans (EBP) being performed by CPA firms (see SBR 3/14) was brought to the attention of the State Boards’ Executive Directors at their March 2014 meeting, but it had been brought to the attention of the AICPA…

State Boards Alerted to EBP Auditors

State Board Report June 2014 When Ian Dingwall, Chief Accountant-Employee Benefits Security Administration of the US Department of Labor (DOL), addressed the Executive Directors Conference in March, he underscored the poor quality of some audits of employee benefit plans (EBP) discovered by his inspectors (see March 2014 SBR). The Executive Directors responded by asking for…

Reaching Out to Other Regulators

State Board Report March 2014 Lee D. Martin, Deputy Director of the Internal Revenue Service’s Office of Professional Responsibility (OPR), and Ian Dingwall, Chief Accountant of the Employee Benefits Security Administration (EBSA), both addressed the NASBA Executive Directors Conference as well as the Legal Counsel Conference in Savannah. Both had been contacted through NASBA’s stepped…