Many employers are required by federal law to have an annual audit of their employee benefit plans. You can be confident that when you have retained Geltrude & Company, we bring proven benefit plan audit experience to each engagement.  We audit over $1 BILLION DOLLARS of plan assets within our current client base.  Because benefit plans have been under the scrutiny of U.S. Department of Labor and the Internal Revenue Service, it's comforting to know that you can work with a seasoned team of benefit plan auditors in Geltrude & Company.   Performing audits of employee benefit plans requires special compliance with Generally Accepted Auditing Standards (GAAS) as well as the Employee Retirement Income Security Act (ERISA).  Plan administrators could face significant penalties under section 502 (c)(2) if found to have filed deficient audit reports.  As a result, you should consider the following about Geltrude & Company:   We commit to providing our clients with benefit plan audits by allocating appropriate resources for staff training in the most recent audit and disclosure requirements.   We utilize staff that has been specifically trained in the area of benefit plan audits.   We have audit experience with all types of plans such as defined benefit, defined contribution, health and welfare/veba plans for a wide variety of clients.   We understand your filing requirements whether it is a full-scope or limited scope audit.   We have the experience to prepare financial statements on the many different bases of accounting such as accrual, cash, modified cash, pre-SOP 92-6 or post-SOP 92-6       Geltrude & Company is a voluntary member of the American Institute of Certified Public Accountants Employee Benefit Plan Audit Quality Center (EBPAQC) which holds firms to a higher level of scrutiny than non-members.  Our membership in the EBPAQC is yet another example of our commitment to delivering the finest work product possible.