If you have more than 100 employees that are eligible to participate in your companys Employee Benefit Plan, federal law requires you to hire an independent qualified CPA to audit your plan. An incomplete, inadequate, or untimely audit report may result in penalties assessed against you as the plans administrator. For this and other reasons, its vitally important to engage the right auditor for this task.
The professionals at the Polk Group have successfully conducted more than 150 audits of employee benefit plans, helping to protect the assets and financial integrity of each employee benefit plan and ensuring that the necessary funds are available to pay retirement, health and other promised benefits to employees. According to the U.S. Department of Labor, one of the most common reasons for deficient accountants' reports is the failure of the auditor to perform tests in areas unique to employee benefit plan audits. That wont happen with the Polk Group on your team. Your dedicated CPA will consider:
Our experts know which audit procedures to consider by plan type and are always aware of new audit report requirements.
James A. Polk, CPA, Managing Member, has more than 40 years of accounting experience in Georgia and Kentucky. After building a 35-professional practice in west Kentucky, he moved to Atlanta in 1985. He established his solo Atlanta practice in 1990 after serving as treasurer and CFO for a multi-state company.