Why Financial Statement Audit Quality Matters!

Jackson, Kathleen M.
November 2010
Benefits & Compensation Digest;Nov2010, Vol. 47 Issue 11, p32
The article explains why employee benefit plan sponsors in the U.S. should have a quality financial statement audit. The Employee Benefits Security Administration (EBSA) is auditing auditors to ensure that they doing quality audit. EBSA observed auditing deficiencies in several areas including participant data testing, investments and benefit payments. Accounting firms either perform limited-scope or full-scope audit of employee benefit plans.


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