https://www.sikich.com

On Demand – Roses are Red, Audits are Due: Strategies for Employee Benefit Audit Filing Success

Sikich

Feb 12 2025

1 min read

A lack of documented and implemented processes and controls surrounding payroll and other plan administration practices is leading to a range of errors and compliance issues within employee benefit plans. Payroll fraud schemes are among the most common forms of occupational fraud worldwide, according to the Association of Certified Fraud Examiners (ACFE). These challenges result in significant risks including costly penalties and operational inefficiencies. For enhanced accuracy, efficiency and compliance within employee benefit plans, Artificial Intelligence (AI) offers solutions and is reshaping how organizations approach these audits. In this webinar our employee benefit plan experts discuss these transformative technologies, what to anticipate in your 2024 plan year audit and how to establish stronger controls over your payroll and other plan procedures.

This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. In addition, this publication may contain certain content generated by an artificial intelligence (AI) language model. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.

About the Author

Sikich

Sikich is a global company specializing in technology-enabled professional services. With more than 1,900 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and is comprised of one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals. *Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor. 