Independence when auditing an employee benefit plan

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  • #180309

    Becker says that independence is not impaired when an employee benefit plan is audited and an actuary associated with the accountant or the accountant’s firm renders services to the employee benefit plan. How is that not a self-review threat?

    Thanks!

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  • #445886
    Anonymous
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    I think self review means , that if you're the accountant and you authorize or book transactions for the client, Then you can not audit that work because that would be Self Review. Relations only count as covered member I believe. Which would mean it is not under Self Review

    I think that's what I read awhile back, but can't exactly remember….

    Please correct me if I'm wrong anybody…

    #446006
    Anonymous
    Inactive

    I think self review means , that if you're the accountant and you authorize or book transactions for the client, Then you can not audit that work because that would be Self Review. Relations only count as covered member I believe. Which would mean it is not under Self Review

    I think that's what I read awhile back, but can't exactly remember….

    Please correct me if I'm wrong anybody…

    #445888

    I emailed Becker about this a couple days ago, and Michael Brown got back to me and basically said, yes, logically it appears to be a self-review threat, but we just gotta abide by the DOL's rules.

    #446008

    I emailed Becker about this a couple days ago, and Michael Brown got back to me and basically said, yes, logically it appears to be a self-review threat, but we just gotta abide by the DOL's rules.

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