EPTA questionnaire offers inside information on IRS audit practices

December 2009
Employee Benefit News;Dec2009, Vol. 23 Issue 15, p14
The article focuses on the factors that the Employee Plans Team Audits (EPTA) examiners should consider when auditing retirement plans based on the new questionnaire released by the U.S. Internal Revenue Service (IRS) in December 2009. EPTA auditors are advised to look at the delivery of benefits based on the hiring and termination of employees and how they were transferred, rehired or leased. It urges them to focus on payroll control and data payroll transmission. It also stresses the importance of documentation by plan sponsors.


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