Genuine Learning Blog: DOL Audit Quality Study Report

| , ,

In November 2023, the DOL issued their Audit Quality study that found that 30% of ERISA audits from 2020 (prior to the adoption of SAS 136) were materially nonconforming. We’ll review the scope of the DOL’s review, their findings and recommendations for the future.

SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members.

With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.

Are you surprised by the 30% deficiency rate?

november-2023-audit-quality-study.pdf (dol.gov)

SPECTATOR MODE: Gaining a Competitive Advantage – Critical Skills for CFOs and Controllers

We’re dropping a sneak peek of SCACPAcade! These aren’t just sessions — they’re quests. Each one is designed to power you up with tools, insights, and strategies to clear the ...
READ MORE

SPECTATOR MODE: Brainstorming Ways to Make Your Audits More Efficient

We’re dropping a sneak peek of SCACPAcade! These aren’t just sessions — they’re quests. Each one is designed to power you up with tools, insights, and strategies to clear the ...
READ MORE

From the LLR: Licensure Renewals Are Open

Renewals for licenses with the South Carolina Board of Accountancy for 2026 are now open. Information to renew your license online was provided in an email sent by the LLR ...
READ MORE