Audit

The Department of Labor finalized changes to the Form 5500 financial statement audit requirement for retirement plans for plan years beginning on or after January 1, 2023.

IRS compliance programs provide employers with insight on focus areas for plan audit.

Internal controls ensure contributions and loan repayments are deposited timely and accurately.

Processes and procedures set in place by an organization that allow it to conduct its business in an efficient manner, safeguard its assets, prevent fraud, and ensure the accuracy of financial data.