Linda Lauer, Co-Attest Practice Leader and Lead Managing Director for the Memphis Office
, published an article, Audit Quality Study Signals Changes Ahead for Employee Benefit Plans, in the November 2015 issue of HR Professionals Magazine. In the article, Linda provides valuable insight in regards to the recent employee benefit audit study performed by the Department of Labor (DOL).
"Nearly 4 in 10 employee benefit audits in the 2011 plan filing year failed to meet regulatory standards,” Linda shared. Her article touches on the study’s findings, including areas of noncompliance, deficiency rates, a response from the regulators, and implications for plan sponsors.
“The 2014 Study has ramifications for everyone involved with benefit plan financial statements...Staying on top of these changes will be critical for future benefit plan compliance,” Linda concludes.
For questions regarding the study and/or the impact on your company, please contact Linda Lauer at firstname.lastname@example.org or 901-685-5575. To view the full HR Professionals Magazine article, click the button below.