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Benefit Consulting
We provide a wide range of
study, design and general consulting services regarding qualified
and non-qualified retirement plans; medical dental, vision and
prescription drug pans; section 125 plans and medical savings
accounts; life and disability income insurance; and personnel
policies such as vacations, leave and holiday benefits.
Auditing
Our audit
and review services include:
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Health and disability
income and insurance plans
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Insured and self-funded
plans
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Stop-loss insurance
claims
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Internal Audit work
plans>
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SAS 70 Audits
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TPA operations audits
and performance reviews
SAS 70 Audit Services
Statement of Auditing Standards number 70
(SAS 70) was issued by the American institute of Certified of
Public Accountants to describe the factors a CPA should assess
when performing an audit of a client that uses a service
organization to process financial transactions, To satisfy SAS 70,
a rather detailed review of the organization's policies,
procedures and internal controls must be conducted and then tests
of their effectiveness must be performed,
The American Institute of Certified
Public Accountants has developed two levels of services for SAS
70. The first referred to as Type I, includes all necessary review
services to permit the auditor to understand the internal controls
describe them and reach conclusion as to the adequacy of the
control environment. The second referred to as Type II, includes
all the services of the Type I, plus testing of the internal
controls to determine if they are actually effective.
We have performed numerous SAS 70 audits
on the health care plan TPAs. Out SAS 70 audits are in compliance
with all AICPA and ERISA requirements.
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