Firm Expands Benefit Plan Audit Capabilities

  A. Thomas Evans, III, CPA

GREENSBORO, NC – July 13, 2009 – Greensboro-based public accounting firm Breslow Starling, one of the Triad region’s leading accounting and business consulting firms, has announced that the firm has been accepted into the Employee Benefit Plan Audit Quality Center by the American Institute of Certified Public Accountants (AICPA).

The AICPA established the Employee Benefit Plan Audit Quality Center, a voluntary membership center for firms that specialize in auditing employee benefit plans, to help CPAs meet the challenges of performing quality audits in this unique and complex area.  Employee benefit plan audits include pension, health and welfare, and 401(k) plans subject to the Employee Retirement Income Security Act (ERISA) under the regulatory authority of the U.S. Department of Labor (DOL).

The increasing complexity of employee benefit plan auditing and increased scrutiny by the DOL has resulted in a significant number of changes and issues for auditing firms and CPAs in general.  Plan sponsors and CPA firms that are accepted into the Audit Quality Center benefit from continuing specialized education, regulatory updates, technical updates and best-practice sharing by Center members.

To be eligible for membership, Breslow Starling designated member A. Thomas Evans, III, CPA, to assume firm-wide responsibility for the quality of the firm’s benefit plan audit practice, and to ensure that all such audit engagement personnel possess the latest knowledge of all applicable professional standards, rules and regulations for ERISA employee benefit plan audits.  Ongoing professional education and a systematic internal quality review of all benefit plan engagements are also required.

Breslow Starling is ranked among the Triad’s and North Carolina’s leading public accounting firms. The firm provides a comprehensive array of tax, audit, accounting and consulting services to individuals and businesses in dozens of industries – from manufacturing and real estate to construction and healthcare, and is recognized as one of the fastest-growing firms in the region.