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• Employee Benefit Audits
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Employee Benefit Audits

Does your employee benefit plan require an audit? In addition to current rules and regulations, each employee benefit plan is different and is governed by the plan document. Frankel Zacharia has the expertise to assist your organization in deciding whether an audit is necessary, and if so, how to complete it accurately, timely and efficiently. Frankel Zacharia is one of the few firms in Nebraska who has been accepted as a member of the AICPA’s Employee Benefit Plan Audit Quality Center. The Center is a valuable resource for our firm when we face those unusual complex issues associated with audits.

Auditing employee benefit plans is a specialized practice requiring knowledge and expertise beyond that required for a normal financial statement audit. The legal requirements for employee benefit plan audits are determined by the Employee Retirement Income Security Act of 1974 (ERISA) rules, and regulations issued by the Department of Labor (DOL). In addition, there is a myriad of rules and regulations promulgated by Congress and enforced by the Internal Revenue Service (IRS), the most recent being the Pension Protection Act of 2006.

Frankel Zacharia’s benefit plan audit team is staffed with knowledgeable personnel, who are up-to-date on ERISA auditing standards and DOL tax filing requirements. Our benefit plan audit team can provide you with timely, cost-effective audits in accordance with professional and regulatory standards.