Tips for Selecting an EBP Auditor

CBIZ & Mayer Hoffman McCann PC

Description

M ay e r H o f f man M c C ann P. C . – A n I ndependent C PA Fi r m 4. How many plans does your firm audit? Firms that only perform a small number of employee benefit plan audits often aren’t spending time staying up-to-date on the latest technical standards. 5. Does your firm have a specialized practice group for EBP audits? Not having a dedicated team of professionals to perform EBP audits means not having an efficiently performed audit and not benefitting from the skilled expertise that dedicated professionals provide, including a review to ensure your plan is in compliance with the latest regulations. 6. s your firm a member of the AICPA’s Employee I Benefit Plan Audit Quality Center? Members of this quality center are committed to the ongoing compliance and testing requirements of EBP audits. Their voluntary membership in the center is an indicator of their commitment to providing quality EBP audits. 7. Does your firm have a record of clean opinions from the AICPA, PCAOB or DOL inspections? Making significant changes as a result of regulatory inspections could mean a lack of experience and proper level of expertise in charge of performing your plan’s audit. 8. n addition to the audit, what other guidance I can you give us? In addition to issuing an opinion and report on the plan’s financial statements, the firm should report on any significant problems encountered, as well as suggest ways to improve internal controls and plan operations. Mayer Hoffman McCann’s EBP Audit Experience: Mayer Hoffman McCann P.C. performs nearly 1,000 audits of qualified plans annually.

In more than 20 years of performing EBP audits, our approach has emphasized quality, thoroughness and precision at an affordable price. In addition to the audit, it is our goal to provide added value to our clients by assisting them in a better understading of their plans and the related filing and compliance requirements. MHM was the fifth firm to join the American Institute of Certified Public Accountant’s (AICPA) Employee Benefit Plan Audit Quality Center, which was founded in March 2004 and now has over 2,000 members. This means we were one of the first firms to declare our commitment to providing quality employee benefit plan audits, have established firm-wide training and quality control programs, and perform annual internal inspections. With our resources and expertise, our clients can be assured that their EBP audit will be performed to the level and value of service they expect. About Mayer Hoffman McCann P.C. Mayer Hoffman McCann P.C.

is a national, independent CPA firm specializing in high quality attest services, including audits, reviews and compilations. With over 30 locations across the country, our national presence provides our clients with stability and access to extensive resources — all with first-rate responsiveness and personal attention. Mayer Hoffman McCann P.C. is registered with the PCAOB and is a member of the AICPA’s Center for Audit Quality, the Employee Benefit Plan Audit Quality Center and the Governmental Audit Quality Center. our roots run deep TM ® 877.887.1090 • www.mhmcpa.com ©2015 Mayer Hoffman McCann P.C.

All rights reserved. .