Administration October 3, 2004

CPA Group Unveils Quality Center for Workplace Benefit Audits

March 10, 2004 (PLANSPONSOR.com) - A CPA trade group has formed a new quality control center for accounting firms auditing employee benefit plans.
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The American Institute of Certified Public Accountants (AICPA) has begun accepting member applications for the Audit Quality Center. To meet its overall objectives, the Center will:

  • create a community of firms that demonstrate a commitment to employee benefit plan audit quality
  • serve as a comprehensive resource provider for member firms
  • provide information about the Center’s activities to other employee benefit plan stakeholders.

“The launch of the Employee Benefit Plan Audit Quality Center is intended to provide a forum that spurs CPA firms performing audits to make immediate quality improvements to employee benefit plan audits under Employee Retirement Income Security Act (ERISA), including pension, health and welfare, and 401(k) plans,” said Chairman S. Scott Voynich. “In addition to gaining access to best practices, guidelines, and tools focused around quality improvement, members of the Center will be subject to membership requirements that demonstrate the firm’s commitment to audit quality in this area.”

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For more information, go to http://www.aicpa.org/ebpaqc/homepage.htm .

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