According to the Department of Labor and the AICPA Peer Review program, obtaining confirmation responses is one of the key issues found in Employee Benefit Plan audits. While there are tools to confirm a plan’s cash balances, investments, liabilities and contingent liabilities, getting responses from plan participants is still challenge.
Clark and Marcus will discuss how automating these audit confirmation requests improves efficiency for your audit staff and they will demo the new enhancements of the online EBP Confirmation Service from Confirmation.com.
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