PENSION AUDIT QUALITY
Younger & Company, CPAs invests significant hours performing a thorough audit that can withstand the IRS and Department of Labor scrutiny of our audit files. This assures you that your plan audit will not be rejected by any government agency.
TABLE: PENSION AUDIT QUALITY INDICATOR
Hours Spent by Your Auditor Auditing Your Plan | Audit Quality | Risk of Department of Labor Finding fault & Requesting Audit Deficiencies to be Corrected and/or Rejecting the Audit & Requiring that your plan be re-audited by another CPA firm |
Between 90 and 120+ | Excellent | Virtually no Risk |
Between 50 and 89 | Above Average | Some Risk – may be required to correct audit deficiencies |
Between 40 and 49 | Below Average | Great Risk – may be required to correct audit deficiencies |
Less than 40 | Sub-standard | Extreme risk – audit may be rejected |
Younger & Company, CPAs Accomplished Audit Credentials:
- Average hours performed and an plan audit is between 90 and 150 hours.
- We are Members of the American Institute of Certified Public Accountants (AICPA) Employee Benefit Audit Quality Center.
- Your audit is signed by a Licensed Certified Public Accountant.
- We are Specialist in Auditing Employee Benefit Plans 12 months out of the year (we perform no other types of audits).
- We have experience in dealing with key EBSA officials at the Department of Labor for which we enjoy an excellent reputation.
- We attend all seminars sponsored by the AICPA Employment Benefit Audit Quality Center, including those jointly given by them with the DOL.
- We possess heavy Litigation Support Experience in Plan Compliance Issues.
- We have established a Panel of Excellent Pension Attorneys.
- We have no disciplinary actions against us with the Board of Accountancy or American Institute of Certified Public Accountants.
- We have Excellent References.