Employee Benefit Plans

Employee benefit plans must follow a unique, complex, and ever-changing landscape of requirements. As the U.S. Department of Labor increases scrutiny of employee benefits plans, our audit specialists are ready to provide you with unparalleled experience and expertise. Not all CPA firms understand the nuances of employee benefit plan audits.  We understand the qualification requirements and are aware of prohibited transactions, deemed distributions, and reporting failures. As a member of the American Institute of Certified Public Accountants’ (AICPA) Employee Benefit Plan Audit Quality Center, our team is committed to staying up-to-date on current standards to deliver quality audits, but we also bring the knowledge and skillset to be your trusted advisor.

KHA works with mid-market clients across industries – from growing businesses navigating their first audit to seasoned companies that have experience with the audit process. Our employee benefit plan audit specialists have established excellent working relationships with third-party administrators (TPAs) and trustees allowing us to leverage their unique relationship with the firms they work with to conduct the most efficient audit possible and to quickly recognize deficient areas.

Key Employee Benefit Plan Audit Services:

  • Audit planning
  • Auditing the statement of net assets available for benefits
  • Auditing the statement of changes in net assets available for benefits
  • Evaluating internal control
  • Financial statement disclosures
  • Preparing the auditor’s report
  • Special audit considerations
  • ERISA requirements
  • Supplementary schedules

Josh Coronado, CPA