Auditors need to conduct their audits of plans required to file a Form 11-K with the SEC in accordance with two sets of auditing standards—both PCAOB and GAAS—and prepare two separate auditor’s reports:
An audit report following PCAOB standards for Form 11-K filings with the SEC
A separate audit report prepared in accordance with GAAS for DOL filings
This EBPAQC tool includes an illustrative auditor’s report for an employee benefit plan that is filing Form 11-K with the SEC. The