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5500 Filing Rejected! How Could Plan Sponsors Have Known Their Auditor Was Deficient?
Belfint Lyons ShumanLink to more items from this source
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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