This Employee Benefit Plan Audit Quality Center (EBPAQC) advisory assists the plan sponsor, plan administrator, trustee, audit committee, employee benefit plan committee, administrative committee, or investment committee in better understanding the various communications that may be initiated by your plan auditor.
This advisory discusses:
an overview of auditor communications
auditor’s communication with those charged with governance
management representation letters; communications about internal control matters identified in an audit
management letters and verbal communications; how auditor communications can help you
where to obtain additional information about auditor communications