Loren D. Stark Company
Randall & Hurley, Inc.
EPIC Retirement Plan Services
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|5500 Filing Rejected! How Could Plan Sponsors Have Known Their Auditor Was Deficient?|
Belfint Lyons Shuman
June 3, 2021
"Each year, we get new clients whose previously accepted Forms 5500 have been rejected when the [DOL] determined that their auditor's work was deficient. Each time, our new client is flabbergasted by the news that they had a responsibility to assess their CPA's qualifications to perform a retirement plan audit. Like going to a new doctor, how can you know whether a licensed professional is good at his or her job? It's not easy."
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