Accounting firm Breslow Starling has been accepted into the Employee Benefit Plan Audit Quality Center by the American Institute of CPAs.
The AICPA established the voluntary membership center for firms that specialize in auditing employee benefit plans to help CPAs meet the challenges of performing quality audits in this complex area. Employee benefit plan audits include pension, health and welfare, and 401(k) plans subject to the Employee Retirement Income Security Act under the regulatory authority of the U.S. Department of Labor.
The increasing complexity of employee benefit plan auditing and increased scrutiny by the DOL has resulted in a significant number of changes and issues for auditing firms and CPAs in general. Plan sponsors and CPA firms that are accepted into the Audit Quality Center benefit from continuing specialized education, regulatory updates, technical updates and best-practice sharing by center members.
To be eligible for membership, Breslow Starling designated partner A. Thomas Evans, III, CPA, to assume firm-wide responsibility for the quality of the firms benefit plan audit practice, and to ensure that all such audit engagement personnel possess the latest knowledge of all applicable professional standards, rules and regulations for ERISA employee benefit plan audits. Ongoing professional education and a systematic internal quality review of all benefit plan engagements are also required.
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