This non-authoritative EBPAQC tool assists firms in assessing their preparedness for the ERISA audit season and enhance the quality of their firm’s ERISA audit practice. It addresses:
The firm’s quality control policies and procedures related to the ERISA audit practice
Inventory and assessment of the firm’s current ERISA audit clients
Client review and risk analysis
Reporting requirements and deadlines
Staffing, training, and scheduling requirements
Audit tools and resources
Consideration of common audit deficiencies
Performing self-inspections of ERISA audits