Brian Gallagher Posted August 4, 2004 Posted August 4, 2004 I have a plan which, in 2003 (I think it was August) switched from being self-trusteed to having an insurance company as trustee. Can the auditors do a limited-scope audit for the entire plan year? Or do they have to do a full-scope audit for the portion of the year the plan was self-trusteed, and a limited-scope for teh remainer? Remember: two wrongs don't make a right, but three rights make a left.
Guest 5500 Posted August 6, 2004 Posted August 6, 2004 You do not have the limited scope option if there were investments or investment earnings that you will not be able to get the proper certifications for.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now