Auditors Report Required?

[kmciver]

I have a plan whose sponsor went bankrupt during the previous plan year (2002). They closed down completely with layoffs after 3 months into the plan year (2003). There were 140 participants on 1/1/2003 and about 15 participants at the end of the plan year (2003). They've always filed a Schedule H with an Auditors Report. Can anyone think of a reason why the don't need an auditor's report for 2003? Is there any way we can request a waiver, etc.

[Guest 5500]

They better get in touch with the auditors ASAP. I don't believe there is any relief available.