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AICPA Proposal Would Require Auditors to Perform More Tests and Provide More Information in Reports on ERISA Plans (PDF)
EY 
[Guidance Overview] June 8, 2017
"[T]his requirement could result in the auditor reporting information that the plan sponsor has no obligation to report in the financial statements or the annual Form 5500 the plan files with the DOL. Because the auditor's report is attached to the Form 5500, plan participants and regulators would have access to it. As a result, regulators could learn about plan errors before the plan administrator has a chance to correct them ... This requirement could result in more work for the auditor, the plan sponsor and the plan's ERISA counsel ... If this requirement is included in any final standard, plan sponsors may want to consider performing internal compliance reviews to prepare for their annual financial statement audits."
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