MillerMusmar recognizes that auditing employee benefit plans is an industry-specific service that requires specialized experience and knowledge. Without this industry experience, a certified public accountant may lack the necessary qualifications to perform such an audit. With changing rules and regulations from the Department of Labor and the Internal Revenue Service, it is essential that companies choose the right audit firm for their employee benefit plan audits.
MillerMusmar clients can benefit from our benefit plan audit focus, which encompasses:
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Communication - We value the communication process and emphasize planning and organization to help facilitate a smooth audit.
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Technical Experience - We assist clients in understanding the audit and compliance requirements related to their plan
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Project Management - We work with our clients and their plan service providers (e.g., third-party recordkeeper, investment trustee, payroll service and actuary) to coordinate all phases of the plan audit.
We earn and honor our clients' trust through accessibility, effective communications, and above all, technical competence.
MillerMusmar offers:
Knowledgeable professionals experienced in and dedicated to the employee benefit plan audit area. We offer active partner and manager involvement. We do not use plan audits as training grounds or "filler work".
Significant experience with all types of plans, including:
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Defined contribution (401(k), profit sharing, ESOP)
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Defined benefit (pension, cash balance)
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Health and Welfare
Extensive knowledge of audit and filing requirements, including:
Agreed Upon Procedures
If you have reporting needs that don't require an audit of financial statements, consider an agreed-upon procedure (AUP) engagement. Whether you are preparing to sell your business, are purchasing a business, or need agreed-upon procedures for other reasons, an AUP engagement may be appropriate for your company.
Our Approach
We perform engagements in accordance with the standards issued by the American Institute of Certified Public Accountants (AICPA). We incorporate our three simple, but critical concepts:
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Integrity
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Objectivity
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Competence
With our AUP engagements, you will receive:
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Clearly written results of each agreed-upon procedure of the engagement
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Personal contact with a partner
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Local service, with face-to-face contact with your practitioners
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A pre-qualified team with experience in your industry
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An engagement based on more than 75 years of experience
