Auditors play a crucial role in ensuring the accuracy of employee benefit plan audits under ERISA Section 103(a)(3)(C).
AU-C section 703, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, requires auditors to perform certain procedures, and AU-C section 230, Audit Documentation, requires crucial findings — from the evaluation of management's assessment to verifying the audit certification's relevance to the plan, assessing the completeness and accuracy of certified information, and identifying any