What disclosure is required if the IQPA determines that the Line 4a information is not presented in accordance with DOL s regulatory requirements?
As with any other information required to be presented on supplemental schedules, when the auditor concludes that the scheduled information required by Line 4a does not contain all the required information or contains information that is inaccurate or is inconsistent with the plan s financial statements, the auditor must consider, depending on the nature of the problem and the type of information, either modifying his or her report by adding a paragraph to disclose the omission of the information, or expressing a qualified or an adverse opinion on the supplemental schedules, as appropriate. See AICPA Audit and Accounting Guide for Audits of Employee Benefit Plans at paragraphs 13.09 through 13.19.
Related Questions
- What disclosure is required if the IQPA determines that the Line 4a information is not presented in accordance with DOL s regulatory requirements?
- How does an Employer make sure the job requirements are in line with the Department of Labor (DOL) guidelines?
- Are the systems presented here in accordance with the animal protection laws?
