24 minutes | Jun 16th 2020

How 401(k) Audits Are Being Impacted By The COVID-19 Pandemic

“We are hearing from CPA firms that their timeframes are being compressed, and that takes away the time they would use to do the 401(k) audits.” - Kim Moore 

 

The finer details in this episode:

  • Updated tax information for 401ks 
  • Will there be extensions and new deadlines available? 
  • How the audit process is affected by an increase in remote teams 
  • Why you shouldn’t relax your standards 
  • Aspects of your 401k plan that you should check due to the pandemic 
  • What you can do if you have to file late 

 

Episode resources

  • Summit CPA website - www.Summitcpa.net    
  • Email us with questions - audit@summitcpa.net