Author: Sundeep Gupta, S Sushmitha, ASA
A 401(k) audit is an examination of a company’s retirement benefit plan to ensure compliance with the regulations set forth by the Employee Retirement Income Security Act (ERISA). These audits are typically conducted by an independent auditor to verify the accuracy and completeness of the financial statements of the plan, as well as to ensure that the plan is being administered in accordance with the legal regulations and the constitution documents laying out the framework and details of the plan.
Published on – Tax Sutra
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