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Member firms that audit the financial statements of employee benefit plans are required to follow professional guidance contained in various official pronouncements.  Visit the products page for information about guides and other publications that can assist you in your audits.
EBP Home > Resources > Defined Benefit Pension Plans > Audit Requirements and Responsibilities

Audit Requirements and Responsibilities

Employee benefit plans are regulated entities and, as such, certain special audit requirements and responsibilities generally apply, as discussed below. 

 

Audit Requirements
ERISA contains a requirement for annual audits of plan financial statements by an independent qualified public accountant. Generally, plans with 100 or more participants are subject to the audit requirement. Learn More>>
Audit Responsibilities
Plan administrators, the IRS, and the DOL have responsibility to ensure compliance. with ERISA's provisions. Learn More>>