How Can Plan Sponsors Evaluate Prospective Auditors?
“Is your auditor a Jack of all trades, but a master of none? As the results of the Department of Labor (DOL) studies on audit quality shift the industry focus to the qualifications of employee benefit plan auditors, CPA firms with specialized retirement plan audit practices choose to demonstrate their commitment to quality employee benefit plan (EBP) audits by displaying their auditors’ badges on marketing materials, social media, and email signature lines. What do the badges mean and how does a plan sponsor differentiate between prospective audit teams that are equally credentialed?”
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Source: ASPPA