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QUALITY AUDITS BY EXPERIENCED AND DEDICATED PROFESSIONALS

Developing and maintaining employee benefit plans requires considerable time, effort and resources – after all, your employees rely on benefits to secure their futures. In the highly regulated environment of employee benefits, you, as a plan sponsor, must have confidence in your benefit plan audit – and auditors. Incomplete or inaccurate audit reports of financial condition or operations can result in plan disqualification or significant penalties for the plan sponsors and plan fiduciaries. 

Sikich devotes substantial resources to its employee benefits practice, which offers clear advantages to plan sponsors such as assurance of quality and an efficient audit process. Receive help from highly trained and experienced professionals, many of whom are specialists in employee benefit plan audits, administration and consulting services. 

Expert Audit Solutions from Sikich

Audits are often sought to meet financial reporting requirements, but they provide much more than that. Audit procedures and the process itself can help organizations assess risk, uncover internal management issues, and provide insights and information that can be used to address business challenges and direct future plans.

Sikich’s audit services and assurance solutions provide the information you and your stakeholders need. Contact us to learn more about our services and solutions and how they can help your business position itself for success.

Advantages of Sikich Employee Benefit Plan Audits

Expertise Where It Counts 

Your time and resources are valuable, which is why our team at Sikich approaches employee benefit plan audits in an efficient manner – reducing the time we need from your personnel and allowing them more time for their regular duties. 

We Identify Risks and Offer Solutions 

As part of your employee benefit plan audit, you may receive a management letter that identifies potential issues and offers solutions to adjust your practices. You will also find a section for current trends in employee benefits and customized planning opportunities that you may find helpful. 

Stay Informed 

We understand our clients have varied responsibilities and keeping current with the ever-changing rules surrounding employment and benefits law can be extremely challenging. As a value-added service, Sikich provides complimentary training and insights on a variety of relevant human resource and benefits topics. 

Financial Reporting

From reviews and compilations to single audits and agreed upon procedures, Sikich can help your organization meet your financial reporting needs.

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SOC Reporting

Highlight your strengths and boost consumer confidence with System and Organization Controls (SOC®) Reports from Sikich.

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Title IV Audit

Maintain compliance with the United States Department of Education, Student Financial Aid and other governmental regulatory requirements with our Title IV audit expertise.

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Taft-Hartley Benefit Plan Audits

Timely reporting is the foundation of a successful multi-employer plan. As a multi-employer, you juggle numerous plans. Lean on us to help reduce risk and keep your plans compliant. From health and welfare plans and pension plans to defined contribution plans and other Taft-Hartley funds, our team handles compliance from numerous angles including reporting, fiduciary and operational.

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Lease Accounting Standards

Regardless of the nature of your operations, nearly all organizations have to implement the new and complex lease accounting standards – which will dramatically change how you account for some leases. Are you ready?

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Lender Services

As a banker, it is your responsibility to lend with knowledge and confidence. To best protect your assets, first, you must understand your investment. A field exam, or objective evaluation of collateral through a disciplined process of risk assessment, can help solidify your lending practices.

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