The Employee Benefit Plan Audit Quality Center (EBPAQC) has compiled a summary of audit deficiencies observed by the Department of Labor (DOL) in its review of 400 audits. This guide aims to assist auditors in more effectively planning and performing audits of employee benefit plans to avoid common pitfalls and ensure GAAS and GAAP compliance.
The DOL's May 2015 Employee Benefits Security Administration (EBSA) report, Assessing the Quality of Employee Benefit Plan Audits highlighted several areas where audits frequently fell