Financial statement audits can sometimes seem intimidating or disruptive or, if necessary, something required to comply with a banking or bonding requirement. However, financial statement audits also represent an opportunity for an enterprise to learn more about itself and unearth substantial benefits in a few different categories. #1 Internal Process Improvement A key focus of […]
Any organization that sponsors an employee benefit plan (EBP) may be subject to an audit that is required by the Employee Retirement Income Security Act of 1974 (ERISA). The determination of whether a plan is classified as a “large plan” or a “small plan,” determines the need for an audit, as all large plans require […]
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