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$3 Trillion at Risk Due to Availability of Limited Scope Audits Under ERISA, Says DOL Inspector General
Forbes; subscription may be required Link to more items from this source
Oct. 4, 2012
"For 2010, the most recent complete year available, about 84,000 plans filed audited financial statements with EBSA, representing 93 million participants and $5.7 trillion in assets, according to the OIG. The trouble is the percentage of plans electing limited scope audits has grown from about 46% in 1987 to approximately 70% in 2010. The reported value of assets excluded from plan audits has similarly grown from about $520 billion (43%) in 1989 to $3.3 trillion (58%) in 2010."

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