Accounting firms performing employee benefit plan (EBP) audits face two major challenges. The first is that plan sponsors want their EBP audits to be as fast and cost-effective as possible. This means firms need to perform their work quickly to ensure their EBP engagements are profitable.

The second challenge firms face is that while plan sponsors may not be picky about the quality of their EBP audits, the U.S. Department of Labor is very concerned about audit quality. 

This leaves EBP auditors stuck between a rock and a hard place. On the one hand, they must complete their audits quickly to ensure they’re profitable. On the other hand, they can’t afford to make mistakes. 

Fortunately, there are intelligent technology solutions available today to mitigate these challenges and enable firms to deliver effective EBP audits with greater efficiency than ever before. Download the eBook 5 Advantages of Modern EBP Audit Software to discover some of the key advantages these solutions deliver, including:

• Smarter engagement management
• Improved risk identification
• Better collaboration
• Superior visualizations

Find out how you can make your EBP audits more efficient and deliver better value to your clients.