Firms that are members of the AICPA Employee Benefit Plan Audit Quality Center (EBPAQC) performed higher-quality work than nonmember firms, the DOL report states.
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Hauppauge, New York (PRWEB) June 22, 2015
The Center is a national community of CPA firms that demonstrate a commitment to employee benefit plan audit quality and is designed to raise awareness about the importance of ERISA audits. The AICPA Employee Benefit Plan Audit Quality Center membership provides its members with access to a wealth of comprehensive resources in quality employee benefit plan audits.
“As a member of the Employee Benefit Plan Audit Quality Center, we are committed to performing the highest quality audits possible. We demonstrate our commitment by voluntarily agreeing to adhere to the Center's significant membership requirements, including designating a partner to be responsible for our employee benefit plan audit practice, establishing quality control programs, performing annual internal inspection procedures, and making our firm's peer review report findings publicly available,” said Tina Isbitsky, Shareholder and Managing Director.
“Our Employee Benefit Plan Audit Quality Center membership provides us timely information on a variety of technical, legislative and regulatory subjects. We can then apply these resources to our clients' employee benefit plan audits to help ensure that they are in compliance with the appropriate standards and changes in regulation. Our Center membership will help us to respond nimbly to new standards and requirements to ensure we deliver the most efficient and highest quality audits possible,” continued Isbitsky. To learn more about the AICPA Employee Benefit Plan Audit Quality Center, visit http://www.aicpa.org/EBPAQC.
About TMI CPA, P.C.
TMI CPA, P.C., is a certified public accounting firm specializing in audits of employee benefit plans. Specialization in employee benefit plan audits has allowed TMI CPA, P.C. to assist clients by sorting through complicated situations and creating effective correction strategies. With constant change in the rules and filing requirements, it is imperative that companies choose an auditor who specializes in employee benefit plans. Our employee benefit plan audit practice is our leading industry/niche practice area, not just an ancillary service like many other firms provide.
Employee benefit plan services offered by TMI CPA, P.C. include:
- Audits of defined contribution plans (401k, 403b, 457b, Employee Stock Ownership Plans).
- Audits of defined benefit plans.
- Audits of health and welfare plans.
- Preparation or review of Form 5500 and related schedules.
- Assistance with correction of non-compliance with DOL, ERISA and IRS rules and regulations.
- Re-audits of rejected Form 5500 due to predecessor auditor’s non-compliance with the DOL’s workpaper inspection.
- Compliance reviews for small plans that are not required to have an audit.
For more information on audits of employee benefit plans, visit TMI CPA, P.C.’s website at: http://www.tmicpaadvisor.com.