Audit & Assurance Resources

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Streamline Your ERISA Audit: Download the 103(a)(3)(C) Audit Checklist

Employee benefit plan audits are complex, especially under ERISA Section 103(a)(3)(C) requirements. For plans with 100 or more eligible participants, a well-prepared audit can mean the difference between on-time filings and costly delays. Duffy Kruspodin’s checklist breaks down each audit phase with clear documentation goals to help HR, payroll, and finance leaders stay ahead of […]

Coordinating With Your TPA and Recordkeeper

How Clear Roles Support a Smoother EBP Audit Why Coordination Matters Employee benefit plan audits often involve multiple service providers. Third-party administrators (TPAs), recordkeepers, payroll providers, and custodians may all supply information used during audit testing. When roles and responsibilities are not clearly aligned, audit requests can overlap, stall, or require additional follow-up. Clarifying responsibilities […]
What Triggers an ERISA Audit? Understanding the 100+ Rule, Form 5500, and Plan Types

What Triggers an ERISA Audit? Understanding the 100+ Rule, Form 5500, and Plan Types

Introduction Many plan sponsors don’t realize when they’re subject to an ERISA audit — until the filing deadline is looming. Retirement plans with 100 or more eligible participants accounts  at the beginning of the plan year are often required to file audited financial statements with their Form 5500. But the audit requirement isn’t always as […]
Year-End Audit Preparation: A Comprehensive Guide for Business Owners

Year-End Audit Preparation: A Comprehensive Guide for Business Owners

About Our Expertise and Duffy Kruspodin’s Credentials Our team consists of seasoned professionals with over 20 years of experience in audit and financial statement compliance services. Our team consists of licensed CPAs with extensive experience navigating our clients through GAAP and other various accounting standard requirements. We have engaged in numerous industry events and maintain […]

Why Today’s Audits Must Deliver More Than Compliance

In today’s environment, audits are expected to do more than confirm compliance. Boards, investors, and other stakeholders now look to the audit process for insight, transparency, and assurance that risks are being managed effectively — not simply verified. When an audit remains purely transactional, organizations lose an opportunity to strengthen governance, improve oversight, and support […]

Avoid being drawn into Centralized Partnership Audit Regime

In our previous newsletter, we went over the elimination of the position of Tax Matters Partner, and its replacement of Partnership Representative. In this memo, the second in a multi-part series, we intend to introduce you to the ways in which Partnerships can avoid being drawn into CPAR (Centralized Partnership Audit Regime). Recap: The New […]

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