PCAOB
Is the Time Ripe to Select a New Employee Benefit Plan Auditor?
Through service to over 300 plans , CB&H’s Employee Benefit Plan Audit practice has earned a leading reputation by advising clients regarding compliance concerns, operational efficiencies, and asset management. Our clients benefit from more than just an audit: Open communication during audit planning and execution Deep technical knowledge of ERISA and GAAP PCAOB registered Dedicated, trained team of benefit plan audit professionals Proactive service to timely file Form 5500s Service team continuity to leverage efficiencies Insight into mitigating risk Integration of plan administration/compensation services Value-driven fee structure
PCAOB Issues Concept Release on Audit Confirmations
In an effort to gauge public opinion, the Public Company Accounting Oversight Board (PCAOB) recently issued a concept release detailing proposed changes to the audit confirmations standard, AU sec. 330, The Confirmation Process. The concept release is open to public opinion through May 29th. “Everyone agrees that the current auditing standard on confirmations should be modernized. It was written in the early 1990s, before technology gave us today’s sophistication in security and encryption of e-mail and online transactions,” said Steven B. Harris. PCAOB member. “The standard should address the use and reliability of confirmations received electronically. It should address the authenticity and accuracy of direct access to online. Read More.