Tag Archives: DOL
Department of Labor: Audit Deficiency Referral Project Underway
It is a common goal of the Department of Labor (DOL) and State Boards of Accountancy that CPAs who perform benefit plan audits do so in accordance with professional standards to protect the interest of plan participants and beneficiaries. Representatives of NASBA’s legal team have been working closely with representatives from the Office of the…
DOL Audit Report Signals Deficiencies
SHARE: According to a recent report published by the U.S. Department of Labor (DOL), there are significant deficiencies in audits pertaining to employee benefits plans. In fact, a recent Accounting Today article points out that the report showed major deficiencies were found in nearly 30 percent of benefit plan audits – actually signaling improvement in…