Mercer Select US - IRS newsletter highlights updates to web resource page on large plan audits

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IRS newsletter highlights updates to web resource page on large plan audits

IRS has updated its web page devoted to the Employee Plans Team Audit Program (EPTA), which focuses on audits of large retirement plans by a team of IRS specialists. The Summer issue of Employee Plans News highlights many changes to the site, including summaries of common audit issues now organized by plan type. IRS also posted its "Internal Controls Questionnaire," with examples of audit questions that assess system procedures and internal controls. IRS developed the questionnaire to spotlight compliance responsibilities and areas of coordination between plan sponsors and administrators. (Select News, 24 Jun 2009)

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