Over the last decade, significant legislative and regulatory developments have affected qualified plans. To ensure compliance with these regulations, the Internal Revenue Service (IRS) and the Department of Labor (DOL) have expanded employee benefit plan audits and enforcement activities. In addition, the Employee Benefits Security Administration (EBSA) has established an ongoing review program to assess the quality of work of plan financial statements required by ERISA. The upshot of these developments is a significant increase in the oversight of benefit plans.
Government agencies have found that when audits are conducted by accountants who are unfamiliar with the intricacies of the ERISA audit requirements, numerous problems arise such as the auditors’ failure to test properly for ERISA compliance, particularly for participant data or benefits paid, and incomplete disclosure of the supplemental information required by the DOL.
Kami Painter and Paul Muret have developed a strong technical expertise for our clients whose plans are subject to audit. Each ERISA audit we perform is staffed with a team of professionals with extensive retirement plan expertise. They know how the plans work and understand the legal compliance requirements. Additionally, our voluntary membership in the AICPA Employee Benefit Plan Audit Quality Center and compliance with its stringent membership requirements demonstrate the firm’s commitment to employee benefit plan audit quality.
Our experience and expertise allow us to complete the audits in an efficient manner with minimal disruption of your personnel. We recognize that you may have several firms providing professional services. We will establish a working relationship with your other service providers and will respect all of your existing relationships.
Our firm is a member of the AICPA E
For more information contact Kami at 918-301-1100.
Our mission is to provide superior professional CPA services to our clients that adds value to them by minimizing taxes and increasing efficiency. Additionally, we provide business consulting services to enhance the profitability of small to medium size businesses.
"I have known Paul Muret for over 16 years. He has a very high standard of professionalism. When we first started our business venture in 2007, Muret CPA has been assisting us with various tax and business needs. We have a very strong working relationship and look forward continuing our business with Paul."
David J., Real Estate Investor
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