Hiring a quality EBP auditor coverThe Importance of Hiring a Quality Firm to Perform Your Employee Benefit Plan Audit, was prepared to assist plan sponsors, plan administrators, and trustee with an understanding of the importance of hiring a quality auditor to perform their employee benefit plan financial statement audit.

This advisory:

  • Describes why a financial statement audit is important;
  • Risks to plan sponsors if a quality audit is not performed;
  • Evaluating auditor qualifications;
  • The proposal process, including the request for proposal, proposal evaluation and auditor selection; and
  • Documenting the agreement.

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