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DOL's Employee Benefits Audit Quality Study: Key Takeaways
Berry, Dunn, McNeil & Parker, LLC 
Jan. 23, 2024 "[This DOL report] covers the last year before auditors were required to comply with the new Statement on Auditing Standards (SAS) No. 136 ... Of the 307 plan audits reviewed, 30% contained major deficiencies ... The audit areas with the most deficiencies were participant data (15.6%), contributions received and receivable (15.3%), and benefit payments (9.4%)." |
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