“Form 5500 considerations for auditors” provides useful information to auditors of employee benefit plan financial statements. The form can help auditors better understand the plan in order to verify the accuracy of the plan’s financial statements. The Form 5500 Series is part of the Employment Retirement Income Security Act of 1974 (ERISA) reporting requirements for employee benefit plan audits, to provide protection for plan participants in accordance with Department of Labor compliance standards.
This nonauthoritative Employee Benefit Plan Audit Quality