internal audit report format


Employee Benefit Plan audits have increasingly become the subject of scrutiny by the Department of Labor (“DOL”). The auditing of these plans is a very specialized and unique service and Amper Politziner & Mattia, LLP is a leader in this area. The guidance and knowledge we provide is critical to the Plan Sponsors, given the incredible amount of fiduciary responsibility involved. Amper has the unique experience required to efficiently and accurately perform audits of all types of employee benefit plans (single employer and multi-employer), including Defined contribution plans (including 401(k) and Profit Sharing Plans) 11-K filings 403(b) plans Defined benefit plans Welfare benefit plans We are members of the AICPA Employee Benefit Plan Audit Quality Center (“EBPAQC”). This membership is only available to those firms that meet rigid requirements specific to employee benefit plan audits including policies and procedures for the plan audit practice, continuing professional education requirements and internal inspection. Diane Wasser, Partner-in-Charge of the Pension Services Group at Amper was appointed to serve on the Executive Committee of the Quality Center. While many smaller plans with less than one hundred participants are not required to have these audits, the majority of pension plans with an excess of one hundred active participants at the beginning of any plan year must engage an independent auditor. The definition of an active participant for 401(k) plans includes …