The Department of Labor’s Employee Benefits Security
Administration (EBSA) released a series of questions and answers about
audit waiver requirements under its October 2000 Small Pension Plan
Security Amendments. The publication ( www.dol.gov/ebsa/faqs/faq_auditwaiver.html
) explains how small pension plans can determine whether they
qualify for an audit waiver under the amended regulations. Additional
information is available by phone at 866-463-3278.
The Institute publishes the AICPA Audit Committee
Toolkit to help audit committees recognize and satisfy their
oversight responsibilities under the Sarbanes-Oxley Act of 2002 (
www.aicpa.org/audcommctr/ ). This guide provides advice on
meeting duties such as agenda setting, conducting executive sessions
and evaluating the effectiveness of auditors and of the audit
committee itself. Other topics covered include basic information on
internal controls, antifraud accountability and off-balance-sheet
transactions. The toolkit is one of several resources available at the
AICPA’s Audit Committee Effectiveness Center ( www.aicpa.org/audcommctr/
), which can help audit committees fulfill their corporate
governance responsibilities.
