At Akande Olufemi & Co, understand that employee benefit plan audits are a necessary but often headache-inducing process for your company. Rules and regulations pertaining to these audits are subject to constant changes from the Department of Labor (“DOL”), Internal Revenue Service, and other regulating bodies. Since the passage of the Employee Retirement Income Security Act of 1974 (ERISA), plan administrators have been held responsible for ensuring the accuracy of their plans’ financial statements; so how can you be sure your company won’t be penalized?
Akande Olufemi & Co, employees work regularly with employee benefit plan audits and have extensive knowledge of ERISA regulations. Our staff members pride themselves on staying informed, involved in the AICPA Quality Control group, the New York State Society Employee Benefit Technical Committee, and monitoring DOL and IRS websites. Unlike other accounting firms, we maintain open communications with our clients throughout the audit process to ensure that every detail is accounted for.
What Akande Olufemi & Co apart:
Our Communication: Our benefit plans practice has a large network of attorneys; financial advisors; investment bankers; fiduciaries; TPA’s; and trustees.
Our Background: Our staff obtain specialized trainings from industry conferences, State Society meetings, and in-house training sessions. Our assurance team stays current with the ongoing changes within General Accepted Accounting Principles, ERISA, DOL, and the Internal Revenue Code so that we can identify issues to ease the concerns of a plan administrator, and ensure compliance.Our Approach: Cerini & Associates has dozens of employee benefit clients, both in the nonprofit and business sectors.
